ESS Tech Inc (NYSE:GWH) shares, rose in value on Thursday, April 16, with the stock price down by -1.36% to the previous day’s close as strong demand from buyers drove the stock to $2.18.
Actively observing the price movement in the last trading, the stock closed the session at $2.21, falling within a range of $2.077 and $2.2749. The value of beta (5-year monthly) was 1.349. Referring to stock’s 52-week performance, its high was $14.10, and the low was $2.10. On the whole, GWH has fluctuated by -36.26% over the past month.
With the market capitalization of ESS Tech Inc currently standing at about $26.39 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-30.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 18.98M, with a low estimate of 1.76M and a high estimate of 6.2M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3.45M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GWH’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of GWH currently trading nearly -20.87% and -38.09% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 31.24, while the 7-day volatility ratio is showing 9.18% which for the 30-day chart, stands at 11.02%. Furthermore, ESS Tech Inc (GWH)’s beta value is 1.46, and its average true range (ATR) is 0.30.
A comparison of ESS Tech Inc (GWH) with its peers suggests the former has fared considerably weaker in the market. GWH showed an intraday change of -1.36% in last session, and over the past year, it shrunk by -78.09%%.
Data on historical trading for ESS Tech Inc (NYSE:GWH) indicates that the trading volumes over the past 10 days have averaged 52340.0 and over the past 3 months, they’ve averaged 71.24K. According to company’s latest data on outstanding shares, there are 11.99 million shares outstanding.
Nearly 57.86% of ESS Tech Inc’s shares belong to company insiders and institutional investors own 8.98% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.38 million shares as on 2025-03-31, resulting in a short ratio of 7.05. According to the data, the short interest in ESS Tech Inc (GWH) stood at 536.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 0.43 million. The stock has fallen by -62.93% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GWH stock heading into the next quarter.