GWH (ESS Tech Inc.) stock is in for a key growth catalyst

As of close of business last night, ESS Tech Inc.’s stock clocked out at $3.36, down -4.55% from its previous closing price of $3.52. In other words, the price has decreased by -$0.1600 from its previous closing price. On the day, 1566322 shares were traded. GWH stock price reached its highest trading level at $3.5900 during the session, while it also had its lowest trading level at $3.3000.

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Ratios:

To gain a deeper understanding of GWH’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 7.70 and its Current Ratio is at 7.70. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

On June 29, 2022, Chardan Capital Markets started tracking the stock assigning a Neutral rating and target price of $3.50.

On March 31, 2022, Deutsche Bank started tracking the stock assigning a Hold rating and target price of $7.Deutsche Bank initiated its Hold rating on March 31, 2022, with a $7 target price.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Nov 21 when Dresselhuys Eric P. sold 14,339 shares for $3.82 per share. The transaction valued at 54,758 led to the insider holds 1,367,520 shares of the business.

Evans Craig E sold 6,350 shares of GWH for $24,249 on Nov 21. The President now owns 2,397,089 shares after completing the transaction at $3.82 per share. On Nov 21, another insider, Evans Craig E, who serves as the President of the company, sold 58,217 shares for $3.56 each. As a result, the insider received 207,314 and left with 5,583,400 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 544.06 while its Price-to-Book (P/B) ratio in mrq is 3.23.

Stock Price History:

Over the past 52 weeks, GWH has reached a high of $16.68, while it has fallen to a 52-week low of $2.59. The 50-Day Moving Average of the stock is 4.0524, while the 200-Day Moving Average is calculated to be 4.3667.

Shares Statistics:

It appears that GWH traded 1.31M shares on average per day over the past three months and 1.63M shares per day over the past ten days. A total of 152.86M shares are outstanding, with a floating share count of 84.62M. Insiders hold about 5.90% of the company’s shares, while institutions hold 40.30% stake in the company. Shares short for GWH as of Oct 13, 2022 were 8.45M with a Short Ratio of 9.20M, compared to 6.03M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 5.51% and a Short% of Float of 9.40%.

Earnings Estimates

As of right now, 7 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.17 for the current quarter, with a high estimate of -$0.14 and a low estimate of -$0.2, while EPS last year was -$5.82. The consensus estimate for the next quarter is -$0.18, with high estimates of -$0.14 and low estimates of -$0.23.

Analysts are recommending an EPS of between -$0.42 and -$0.48 for the fiscal current year, implying an average EPS of -$0.46. EPS for the following year is -$0.59, with 7 analysts recommending between -$0.36 and -$0.88.

Revenue Estimates

Based on 4 analysts’ estimates, the company’s revenue will be $128.11M in the next fiscal year. The high estimate is $189M and the low estimate is $61.5M. The average revenue growth estimate for next year is up 3,159.80% from the average revenue estimate for this year.