ESS Tech, Inc. (NYSE:GWH – Get Free Report) Director Sandeep Nijhawan sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $5.72, for a total transaction of $40,040.00. Following the completion of the transaction, the director now directly owns 15,537 shares of the company’s stock, valued at approximately $88,871.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
ESS Tech Stock Up 4.7 %
Shares of NYSE:GWH opened at $6.44 on Thursday. The company has a 50 day moving average of $2.16 and a two-hundred day moving average of $0.79. ESS Tech, Inc. has a 52-week low of $5.20 and a 52-week high of $31.65. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of -14.31 and a beta of 1.48.
ESS Tech (NYSE:GWH – Get Free Report) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.01). ESS Tech had a negative return on equity of 77.52% and a negative net margin of 982.87%. The business had revenue of $0.35 million during the quarter, compared to analyst estimates of $3.24 million. On average, equities analysts anticipate that ESS Tech, Inc. will post -6.74 earnings per share for the current year.
Institutional Trading of ESS Tech
Analyst Ratings Changes
Several research firms have recently issued reports on GWH. Deutsche Bank Aktiengesellschaft decreased their price objective on ESS Tech from $0.08 to $0.06 and set a “hold” rating on the stock in a report on Friday, August 16th. Canaccord Genuity Group reduced their price objective on ESS Tech from $0.08 to $0.07 and set a “hold” rating on the stock in a research note on Friday, August 16th. TD Cowen decreased their target price on ESS Tech from $0.13 to $0.10 and set a “buy” rating for the company in a report on Thursday, August 15th. Roth Mkm initiated coverage on shares of ESS Tech in a report on Friday, July 12th. They issued a “buy” rating and a $0.10 price target on the stock. Finally, Roth Capital raised shares of ESS Tech to a “strong-buy” rating in a research report on Friday, July 12th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $0.12.
Read Our Latest Analysis on ESS Tech
ESS Tech Company Profile
ESS Tech, Inc, an energy storage company, designs and produces iron flow batteries for commercial and utility-scale energy storage applications worldwide. It offers energy storage products, which include Energy Warehouse, a behind-the-meter solution; and Energy Center, a front-of-the-meter solution. The company was founded in 2011 and is headquartered in Wilsonville, Oregon.
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