ESS Tech, Inc. (NYSE:GWH – Get Rating) President Craig E. Evans sold 58,217 shares of the stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $3.56, for a total transaction of $207,252.52. Following the completion of the sale, the president now directly owns 5,583,400 shares in the company, valued at $19,876,904. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
ESS Tech Stock Performance
NYSE:GWH opened at $3.32 on Friday. The stock’s 50 day moving average price is $3.98 and its 200 day moving average price is $3.93. ESS Tech, Inc. has a 52 week low of $2.59 and a 52 week high of $16.68. The company has a market capitalization of $508.82 million, a P/E ratio of -1.98 and a beta of 2.25.
ESS Tech (NYSE:GWH – Get Rating) last released its quarterly earnings data on Thursday, November 3rd. The company reported ($0.18) EPS for the quarter, hitting analysts’ consensus estimates of ($0.18). The firm had revenue of $0.19 million during the quarter, compared to analyst estimates of $1.03 million. As a group, sell-side analysts forecast that ESS Tech, Inc. will post -0.51 earnings per share for the current fiscal year.
Hedge Funds Weigh In On ESS Tech
Analyst Upgrades and Downgrades
Several brokerages have issued reports on GWH. EF Hutton Acquisition Co. I initiated coverage on shares of ESS Tech in a research report on Friday, October 28th. They set a “buy” rating and a $6.00 price objective on the stock. Chardan Capital lowered their price target on shares of ESS Tech from $5.00 to $4.50 and set a “neutral” rating for the company in a report on Friday, November 4th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, ESS Tech currently has an average rating of “Moderate Buy” and a consensus target price of $9.78.
About ESS Tech
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.
- Get a free copy of the StockNews.com research report on ESS Tech (GWH)
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