ESS Tech Inc (NYSE: GWH) closed the day trading at $0.70 down -9.76% from the previous closing price of $0.77. In other words, the price has decreased by -$0.0754 from its previous closing price. On the day, 3124712 shares were traded.
Ratios:
For a better understanding of GWH, let’s look at its different ratios. 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.
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 121.92M and an Enterprise Value of 16.40M. For the stock, the TTM Price-to-Sale (P/S) ratio is 16.17 while its Price-to-Book (P/B) ratio in mrq is 1.17. Its current Enterprise Value per Revenue stands at 2.17 whereas that against EBITDA is -0.21.
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 0.9382, while the 200-Day Moving Average is calculated to be 1.3317.
Shares Statistics:
Over the past 3-months, GWH traded about 993.85K shares per day on average, while over the past 10 days, GWH traded about 976.3k shares per day. A total of 174.21M shares are outstanding, with a floating share count of 57.07M. Insiders hold about 67.37% of the company’s shares, while institutions hold 14.76% stake in the company. Shares short for GWH as of Feb 29, 2024 were 11.85M with a Short Ratio of 11.92, compared to 10.43M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.85% and a Short% of Float of 10.88%.
Earnings Estimates
Current recommendations for the stock of the company come from 4 analysts. On average, analysts expect EPS of -$0.13 for the current quarter, with a high estimate of -$0.1 and a low estimate of -$0.17, while EPS last year was -$0.14. The consensus estimate for the next quarter is -$0.12, with high estimates of -$0.1 and low estimates of -$0.17.
Analysts are recommending an EPS of between -$0.32 and -$0.66 for the fiscal current year, implying an average EPS of -$0.45. EPS for the following year is -$0.24, with 5 analysts recommending between -$0.1 and -$0.37.
Revenue Estimates
3 analysts predict $4.16M in revenue for the current quarter. It ranges from a high estimate of $6.2M to a low estimate of $2.6M. As of the current estimate, ESS Tech Inc’s year-ago sales were $372k, an estimated increase of 1,018.30% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $5.34M, an increase of 88.90% less than the figure of $1,018.30% in the same quarter last year. There is a high estimate of $8.3M for the next quarter, whereas the lowest estimate is $3.72M.
A total of 5 analysts have provided revenue estimates for GWH’s current fiscal year. The highest revenue estimate was $55.8M, while the lowest revenue estimate was $25.4M, resulting in an average revenue estimate of $33.21M. In the same quarter a year ago, actual revenue was $7.54M, up 340.50% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $116.53M in the next fiscal year. The high estimate is $171.75M and the low estimate is $68.8M. The average revenue growth estimate for next year is up 250.90% from the average revenue estimate for this year.
