A new trading day began on Tuesday, with ESS Tech Inc (NYSE: GWH) stock price up 3.68% from the previous day of trading, before settling in for the closing price of $4.89. GWH’s price has ranged from $4.35 to $18.00 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 247.80%. Meanwhile, its annual earnings per share averaged 7.25%. With a float of $5.06 million, this company’s outstanding shares have now reached $11.88 million.
Considering the fact that the conglomerate employs 231 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is -708.72%, operating margin of -1367.83%, and the pretax margin is -1263.79%.
ESS Tech Inc (GWH) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Electrical Equipment & Parts Industry. The insider ownership of ESS Tech Inc is 57.39%, while institutional ownership is 7.44%. The most recent insider transaction that took place on Sep 11 ’24, was worth 40,040. In this transaction Director of this company sold 7,000 shares at a rate of $5.72, taking the stock ownership to the 15,537 shares. Before that another transaction happened on Aug 30 ’24, when Company’s Director bought 142 for $6.73, making the entire transaction worth $956. This insider now owns 25,227 shares in total.
ESS Tech Inc (GWH) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of -1.23 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 7.25% per share during the next fiscal year.
ESS Tech Inc (NYSE: GWH) Trading Performance Indicators
Here are ESS Tech Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.92. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 10.01.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -6.74, a number that is poised to hit -1.35 in the next quarter and is forecasted to reach -4.25 in one year’s time.
Technical Analysis of ESS Tech Inc (GWH)
Compared to the last year’s volume of 71901.0, its volume of 0.1 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 41.00%. Additionally, its Average True Range was 0.56.
During the past 100 days, ESS Tech Inc’s (GWH) raw stochastic average was set at 11.82%, which indicates a significant decrease from 42.11% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 71.84% in the past 14 days, which was lower than the 115.09% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.66, while its 200-day Moving Average is $9.16. Nevertheless, the first resistance level for the watch stands at $5.19 in the near term. At $5.30, the stock is likely to face the second major resistance level. The third major resistance level sits at $5.51. If the price goes on to break the first support level at $4.87, it is likely to go to the next support level at $4.66. Should the price break the second support level, the third support level stands at $4.55.
ESS Tech Inc (NYSE: GWH) Key Stats
With a market capitalization of 62.47 million, the company has a total of 11,883K Shares Outstanding. Currently, annual sales are 7,540 K while annual income is -77,580 K. The company’s previous quarter sales were 360 K while its latest quarter income was -22,490 K.
