There is no doubt that ESS Tech Inc (GWH) ticks all the boxes.

With 0.81 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.49 million shares. During the session, the Electrical Equipment & Parts company that operates in wider Industrials sector, reached to the highest price of $1.2200 whereas the lowest price it dropped to was $1.1700. The 52-week range on GWH shows that it touched its highest point at $4.01 and its lowest point at $0.75 during that stretch. It currently has a 1-year price target of $2.66. Beta for the stock currently stands at 1.81.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GWH was up-trending over the past week, with a rise of 8.11%, but this was down by -23.57% over a month. Three-month performance dropped to -0.83% while six-month performance rose 9.09%. The stock lost -68.59% in the past year, while it has lost -50.62% so far this year. A look at the trailing 12-month EPS for GWH yields -0.56 with Next year EPS estimates of -0.42. For the next quarter, that number is -0.10. This implies an EPS growth rate of 2.29% for this year and 14.76% for next year.

Float and Shares Shorts:

At present, 153.82 million GWH shares are outstanding with a float of 40.32 million shares on hand for trading. On Oct 30, 2023, short shares totaled 9.56 million, which was 5.53% higher than short shares on Sep 28, 2023. In addition to Mr. Eric P. Dresselhuys as the firm’s CEO & Director, Mr. Craig E. Evans serves as its Co-Founder & Advisor to CEO.

Institutional Ownership:

Through their ownership of 38.92% of GWH’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 56.48% of GWH, in contrast to 5.28% held by mutual funds. Shares owned by individuals account for 11.24%. As the largest shareholder in GWH with 3.28% of the stake, BlackRock Fund Advisors holds 5,101,899 shares worth 5,101,899. A second-largest stockholder of GWH, Invesco Capital Management LLC, holds 5,009,904 shares, controlling over 3.22% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in GWH, holding 2,965,979 shares or 1.91% stake. With a 3.32% stake in GWH, the Invesco WilderHill Clean Energy E is the largest stakeholder. A total of 5,160,153 shares are owned by the mutual fund manager. The iShares Russell 2000 ETF, which owns about 1.41% of GWH stock, is the second-largest Mutual Fund holder. It holds 2,192,435 shares valued at 2.63 million. Vanguard Total Stock Market ETF holds 1.02% of the stake in GWH, owning 1,593,000 shares worth 1.91 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GWH since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With GWH analysts setting a high price target of $4.00 and a low target of $1.75, the average target price over the next 12 months is $2.66. Based on these targets, GWH could surge 233.33% to reach the target high and rise by 45.83% to reach the target low. Reaching the average price target will result in a growth of 121.67% from current levels.

Summary of Insider Activity:

Insiders traded GWH stock several times over the past three months with 2 Buys and 0 Sells. In these transactions, 252,073 shares were bought while 0 shares were sold. The number of buy transactions has increased to 19 while that of sell transactions has risen to 7 over the past year. The total number of shares bought during that period was 2,303,325 while 112,797 shares were sold.