ESS Tech, Inc. (NYSE:GWH – Get Free Report) CEO Drew Buckley bought 25,000 shares of ESS Tech stock in a transaction on Thursday, June 4th. The shares were acquired at an average price of $1.03 per share, for a total transaction of $25,750.00. Following the completion of the acquisition, the chief executive officer owned 25,000 shares in the company, valued at $25,750. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
ESS Tech Price Performance
ESS Tech stock opened at $0.86 on Tuesday. The firm has a market cap of $25.22 million, a PE ratio of -0.25 and a beta of 1.40. ESS Tech, Inc. has a 52-week low of $0.57 and a 52-week high of $13.87. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 0.95. The company’s 50 day moving average is $1.05 and its two-hundred day moving average is $1.52.
ESS Tech (NYSE:GWH – Get Free Report) last released its earnings results on Thursday, May 7th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.25). The business had revenue of $0.13 million for the quarter, compared to analyst estimates of $0.40 million. ESS Tech had a negative return on equity of 1,251.69% and a negative net margin of 1,045.28%. On average, research analysts expect that ESS Tech, Inc. will post -1.68 EPS for the current fiscal year.
Wall Street Analyst Weigh In
View Our Latest Analysis on GWH
Institutional Investors Weigh In On ESS Tech
A number of large investors have recently modified their holdings of GWH. Citadel Advisors LLC purchased a new stake in shares of ESS Tech in the 3rd quarter valued at approximately $30,000. Yorkville Advisors Global LP purchased a new stake in shares of ESS Tech in the 3rd quarter valued at approximately $74,000. Green Alpha Advisors LLC increased its position in shares of ESS Tech by 1,016.7% in the 4th quarter. Green Alpha Advisors LLC now owns 118,683 shares of the company’s stock valued at $223,000 after purchasing an additional 108,055 shares during the last quarter. Geode Capital Management LLC increased its position in shares of ESS Tech by 140.2% in the 4th quarter. Geode Capital Management LLC now owns 136,470 shares of the company’s stock valued at $257,000 after purchasing an additional 79,657 shares during the last quarter. Finally, LPL Financial LLC purchased a new position in shares of ESS Tech in the 4th quarter valued at $27,000. 46.77% of the stock is owned by hedge funds and other institutional investors.
ESS Tech Company Profile
ESS Tech, Inc (NYSE: GWH) is a Portland, Oregon‐based company specializing in long‐duration iron flow battery energy storage solutions. The company’s core business centers on the design, manufacture and deployment of modular battery systems that store electricity using an iron‐chloride electrochemical process. These systems are engineered to support grid operators, utilities, commercial and industrial customers in integrating renewable power, managing peak loads and ensuring reliable back‐up power.
At the heart of ESS Tech’s offering is its “Energy Warehouse,” a containerized flow battery system featuring non‐toxic, fully recyclable materials and a simple architecture that separates energy storage capacity from power output.
Featured Stories
- Five stocks we like better than ESS Tech
- 3 Stocks With Fresh Catalysts to Watch Before the July 4
- Amprius Insiders Are Selling: Should Investors Be Worried?
- A Weaker Dollar Could Put These 3 Industrial Stocks Back in Focus
- A Market Rotation Toward Quality Will Benefit These 3 ETFs
Receive News & Ratings for ESS Tech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ESS Tech and related companies with MarketBeat.com's FREE daily email newsletter.
