The closing price of ESS Tech Inc (NYSE: GWH) was $0.66 for the day, down -1.75% from the previous closing price of $0.67. On the day, 565949 shares were traded.
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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 15.35 while its Price-to-Book (P/B) ratio in mrq is 1.12.
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.
Shares Statistics:
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 14.78% stake in the company.
Earnings Estimates
The firm’s stock currently is rated by 5 analysts. On average, analysts expect EPS of -$0.11 for the current quarter, with a high estimate of -$0.09 and a low estimate of -$0.13, while EPS last year was -$0.14. The consensus estimate for the next quarter is -$0.11, with high estimates of -$0.1 and low estimates of -$0.11.
Analysts are recommending an EPS of between -$0.32 and -$0.45 for the fiscal current year, implying an average EPS of -$0.39. EPS for the following year is -$0.25, with 6 analysts recommending between -$0.12 and -$0.37.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 5 analysts. It ranges from a high estimate of $4M to a low estimate of $2.4M. As of the current estimate, ESS Tech Inc’s year-ago sales were $372k, an estimated increase of 765.60% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $4.02M, an increase of 42.20% less than the figure of $765.60% in the same quarter last year. There is a high estimate of $4.9M for the next quarter, whereas the lowest estimate is $3.5M.
A total of 6 analysts have provided revenue estimates for GWH’s current fiscal year. The highest revenue estimate was $29M, while the lowest revenue estimate was $25.4M, resulting in an average revenue estimate of $27.62M. In the same quarter a year ago, actual revenue was $7.54M, up 266.30% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $117.92M 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 326.90% from the average revenue estimate for this year.
