ESS Tech Inc (NYSE:GWH) does about 852.22K shares in volume on a normal day but saw 1599809 shares change hands in Tuesday trading. The company now has a market cap of 124.58M USD. Its current market price is $0.71, marking a decrease of -4.45% compared to the previous close of $0.75. 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 $0.7604 and the current price is -66.41% off the 52-week high compared with 16.54% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.7664 and its 200-day simple moving average is $1.0359. If we look at the stock’s price movements over the week, volatility stands at 12.70%, which decreases to 9.22% 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 43.66 to suggest the stock is neutral.
The consensus objective for the share price is $2.08, suggesting that the stock has a potential upside of 65.87% 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 down -13.42% over the week and -4.45% over the past month. Its price is -37.53% year-to-date and -51.55% over the past year.
To reach the target analysts have set, the stock logically needs to grow 65.87 percent from here.
The company has a return on investment of -83.67% and return on equity of -72.16%. The beta has a value of 1.52. Price to book ratio is 1.42 and price to sales ratio is 12.57.
