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Saturday, December 9, 2023

Taking On Challenges And Growing? – ESS Tech Inc (GWH)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for ESS Tech Inc (GWH) shows that investor sentiment remained same, with the stock’s consolidated last price to $1.20. The ESS Tech Inc has recorded 16,664 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that ESS Tech, Inc. Announces Third Quarter 2023 Financial Results.

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Stocks Info

This NYSE-listed company operates within the Electrical Equipment & Parts industry segment, falling under the Industrials sector. At the end of the last regular session, the stock closed at $1.20 and fluctuated between $1.2200 as its day high and $1.1700 as its day low. The current market capitalization of ESS Tech Inc is $207.61M. A total of 0.81 million shares were traded on the day, compared to an average of 1.49M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, GWH has seen 2 BUY and 0 SELL insider trades, representing the acquisition of 252,073 and the disposition of 0 shares. Over the last 12 months, there were 19 BUYs and 7 SELLs from insiders. Insiders purchased 2,303,325 shares during that period but sold 112,797.

In the most recent transaction, Teamey Kyle bought 2,500 shares of GWH for 1.60 per share on Mar 07. After the transaction, the Director now owns 31,986 company shares. In a previous transaction on Mar 06, NIGGLI MICHAEL R bought 5,000 shares at 1.65 per share. GWH shares that Director owns now total 583,821.

Among the insiders who sold shares, Dresselhuys Eric P. disposed of 23,440 shares on Feb 21 at a per-share price of $2.04. This resulted in the Chief Executive Officer holding 1,344,080 shares of GWH after the transaction. In another insider transaction, Evans Craig E sold 5,536 shares at $2.04 per share on Feb 21. Company shares held by the President now total 5,561,524.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for GWH in the last 3 months, the mean price target is $2.66 with high estimates of $4.00 and low estimates of $1.75. In terms of 52-week highs and lows, GWH has a high of $4.01 and a low of $0.75.

As of this writing, GWH has an earnings estimate of -$0.11 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of -$0.04 per share and a lower estimate of -$0.16.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. GWH’s latest balance sheet shows that the firm has $238.94M in Cash & Short Term Investments as of fiscal 2021. There were $3.77M in debt and $13.92M in liabilities at the time. Its Book Value Per Share was $0.67, while its Total Shareholder’s Equity was $204.87M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GWH is Buy with a score of 4.14.

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