In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The closing price of ESS Tech Inc (NYSE: GWH) was $0.92 for the day, up 4.73% from the previous closing price of $0.88. In other words, the price has increased by $4.73 from its previous closing price. On the day, 1.67 million shares were traded. GWH stock price reached its highest trading level at $0.94 during the session, while it also had its lowest trading level at $0.8817.
Ratios:
Our analysis of GWH’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 5.76 and its Current Ratio is at 5.97. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.01.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 15 ’24 when Hossfeld Rich bought 2,500 shares for $0.73 per share. The transaction valued at 1,814 led to the insider holds 147,873 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GWH now has a Market Capitalization of 161360896 and an Enterprise Value of 55834976. For the stock, the TTM Price-to-Sale (P/S) ratio is 21.40 while its Price-to-Book (P/B) ratio in mrq is 1.56. Its current Enterprise Value per Revenue stands at 7.405 whereas that against EBITDA is -0.703.
Stock Price History:
Over the past 52 weeks, GWH has reached a high of $2.12, while it has fallen to a 52-week low of $0.61. The 50-Day Moving Average of the stock is 22.81%, while the 200-Day Moving Average is calculated to be -22.50%.
Shares Statistics:
GWH traded an average of 845.24K shares per day over the past three months and 531970 shares per day over the past ten days. A total of 174.21M shares are outstanding, with a floating share count of 58.34M. Insiders hold about 66.64% of the company’s shares, while institutions hold 14.85% stake in the company. Shares short for GWH as of 1713139200 were 10858499 with a Short Ratio of 12.85, compared to 1710460800 on 11857325. Therefore, it implies a Short% of Shares Outstanding of 10858499 and a Short% of Float of 10.780000000000001.
