ESS Tech, Inc. (NYSE:GWH – Get Free Report) Director Harry Quarls purchased 42,690 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were bought at an average cost of $0.84 per share, with a total value of $35,859.60. Following the acquisition, the director now directly owns 366,146 shares of the company’s stock, valued at approximately $307,562.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
ESS Tech Stock Performance
GWH stock traded down $0.06 during midday trading on Friday, reaching $0.79. 301,005 shares of the company traded hands, compared to its average volume of 870,200. ESS Tech, Inc. has a 52-week low of $0.61 and a 52-week high of $2.12. The business has a 50 day moving average of $0.75 and a 200-day moving average of $0.98. The firm has a market capitalization of $138.14 million, a price-to-earnings ratio of -1.70 and a beta of 1.51.
ESS Tech (NYSE:GWH – Get Free Report) last issued its quarterly earnings data on Wednesday, March 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.04. ESS Tech had a negative return on equity of 71.44% and a negative net margin of 1,028.89%. The business had revenue of $2.80 million for the quarter, compared to the consensus estimate of $4.08 million. Research analysts anticipate that ESS Tech, Inc. will post -0.41 earnings per share for the current year.
Institutional Investors Weigh In On ESS Tech
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on GWH. TD Cowen dropped their price objective on ESS Tech from $2.50 to $2.00 and set a “buy” rating for the company in a research note on Wednesday. Robert W. Baird dropped their price target on ESS Tech from $4.00 to $3.00 and set an “outperform” rating for the company in a research note on Thursday, March 14th. Chardan Capital dropped their price target on ESS Tech from $1.90 to $0.80 and set a “neutral” rating for the company in a research note on Friday, March 15th. Finally, Canaccord Genuity Group dropped their price target on ESS Tech from $1.75 to $1.25 and set a “hold” rating for the company in a research note on Thursday, March 14th.
View Our Latest Research Report 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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