While ESS Tech Inc has overperformed by 2.01%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GWH fell by -63.42%, with highs and lows ranging from $20.10 to $4.68, whereas the simple moving average fell by -38.27% in the last 200 days.
On November 14, 2024, Robert W. Baird Downgraded ESS Tech Inc (NYSE: GWH) to Underperform. A report published by Oppenheimer on November 14, 2024, Downgraded its rating to ‘Perform’ for GWH. ROTH MKM also rated GWH shares as ‘Buy’, setting a target price of $1.50 on the company’s shares in an initiating report dated July 12, 2024. Canaccord Genuity Initiated an Hold rating on July 13, 2022, and assigned a price target of $3.75. Chardan Capital Markets initiated its ‘Neutral’ rating for GWH, as published in its report on June 29, 2022. Deutsche Bank’s report from March 31, 2022 suggests a price prediction of $7 for GWH shares, giving the stock a ‘Hold’ rating. Guggenheim also rated the stock as ‘Buy’.
Analysis of ESS Tech Inc (GWH)
Further, the quarter-over-quarter decrease in sales is -76.76%, showing a negative trend in the upcoming months.
One of the most important indicators of ESS Tech Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -95.22% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.92, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and GWH is recording 98.74K average volume. On a monthly basis, the volatility of the stock is set at 13.22%, whereas on a weekly basis, it is put at 11.10%, with a gain of 16.89% over the past seven days. Furthermore, long-term investors anticipate a median target price of $10.75, showing growth from the present price of $6.09, which can serve as yet another indication of whether GWH is worth investing in or should be passed over.
How Do You Analyze ESS Tech Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 57.46%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 7.51% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
GWH shares are owned by institutional investors to the tune of 7.51% at present.
