ESS Tech Inc (NYSE:GWH) does about 863.84K shares in volume on a normal day but saw 620686 shares change hands in Friday trading. The company now has a market cap of 145.04M USD. Its current market price is $0.83, marking an increase of 1.13% compared to the previous close of $0.82. The 52 week high reached by this stock is $2.12 whilst the lowest price level in 52 weeks is $0.61.
ESS Tech Inc (GWH) has a 20-day trading average at $0.7151 and the current price is -60.88% off the 52-week high compared with 35.71% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.7504 and its 200-day simple moving average is $1.1954. If we look at the stock’s price movements over the week, volatility stands at 9.36%, which decreases to 6.89% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 68.35 to suggest the stock is neutral.
The consensus objective for the share price is $1.99, suggesting that the stock has a potential upside of 58.29% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 13, 2022 when Canaccord Genuity resumed the stock to “Hold” and issued a price target of $3.75. Deutsche Bank initiated its price target at $7.
ESS Tech Inc (GWH) stock is up 17.83% over the week and 12.55% over the past month. Its price is -27.25% year-to-date and -25.96% over the past year.
To reach the target analysts have set, the stock logically needs to grow 58.29 percent from here.
The company has a return on investment of -74.37% and return on equity of -64.56%. The beta has a value of 1.50. Price to book ratio is 1.40 and price to sales ratio is 19.24.
