After finishing at $0.84 in the prior trading day, ESS Tech Inc (NYSE: GWH) closed at $0.88, up 5.04%. In other words, the price has increased by $+0.0422 from its previous closing price. On the day, 560442 shares were traded. GWH stock price reached its highest trading level at $0.8923 during the session, while it also had its lowest trading level at $0.8250.
Ratios:
Our goal is to gain a better understanding of GWH by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 6.93 and its Current Ratio is at 7.05. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 07 when Teamey Kyle bought 2,500 shares for $1.60 per share. The transaction valued at 4,012 led to the insider holds 31,986 shares of the business.
NIGGLI MICHAEL R bought 5,000 shares of GWH for $8,250 on Mar 06. The Director now owns 583,821 shares after completing the transaction at $1.65 per share.
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 144.95M and an Enterprise Value of 30.65M. For the stock, the TTM Price-to-Sale (P/S) ratio is 31.99 while its Price-to-Book (P/B) ratio in mrq is 1.31. Its current Enterprise Value per Revenue stands at 6.44 whereas that against EBITDA is -0.25.
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 $0.75. The 50-Day Moving Average of the stock is 1.0367, while the 200-Day Moving Average is calculated to be 1.3497.
Shares Statistics:
The stock has traded on average 1.03M shares per day over the past 3-months and 871.04k shares per day over the last 10 days, according to various share statistics. A total of 153.82M shares are outstanding, with a floating share count of 56.45M. Insiders hold about 67.37% of the company’s shares, while institutions hold 14.92% stake in the company. Shares short for GWH as of Jan 31, 2024 were 10.43M with a Short Ratio of 10.09, compared to 12.82M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 6.03% and a Short% of Float of 9.58%.
Earnings Estimates
Its stock is currently analyzed by 5 different market analysts. On average, analysts expect EPS of -$0.11 for the current quarter, with a high estimate of -$0.04 and a low estimate of -$0.16, while EPS last year was -$0.16. The consensus estimate for the next quarter is -$0.15, with high estimates of -$0.11 and low estimates of -$0.17.
Analysts are recommending an EPS of between -$0.44 and -$0.57 for the fiscal current year, implying an average EPS of -$0.51. EPS for the following year is -$0.48, with 5 analysts recommending between -$0.28 and -$0.66.
Revenue Estimates
5 analysts predict $3.54M in revenue for the current quarter. It ranges from a high estimate of $4.2M to a low estimate of $1.55M. As of the current estimate, ESS Tech Inc’s year-ago sales were $16k, an estimated increase of 22,025.00% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $5.78M, an increase of 1,453.80% less than the figure of $22,025.00% in the same quarter last year. There is a high estimate of $6.2M for the next quarter, whereas the lowest estimate is $5.36M.
A total of 5 analysts have provided revenue estimates for GWH’s current fiscal year. The highest revenue estimate was $8.9M, while the lowest revenue estimate was $8.4M, resulting in an average revenue estimate of $8.68M. In the same quarter a year ago, actual revenue was $894k, up 870.90% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $46.24M in the next fiscal year. The high estimate is $69.8M and the low estimate is $28M. The average revenue growth estimate for next year is up 432.70% from the average revenue estimate for this year.
