GWH Stock Summary and Trading Ideas (Ess Tech | NYSE:GWH)

ESS Tech Inc is a long-duration energy storage company specializing in iron flow battery technology. The company design and produce long-duration batteries predominantly using earth-abundant materials.

Ess Tech trades on the NYSE stock market under the symbol GWH.

As of January 3, 2025, GWH stock price climbed to $6.34 with 64,516 million shares trading.

GWH has a beta of 2.23, meaning it tends to be more sensitive to market movements. GWH has a correlation of 0.09 to the broad based SPY ETF.

GWH has a market cap of $75.34 million. This is considered a Micro Cap stock.

Last quarter Ess Tech reported $359,000 in Revenue and -$1.90 earnings per share. This fell short of revenue expectation by $-5 million and missed earnings estimates by -$.64.

In the last 3 years, GWH traded as high as $174.75 and as low as $4.35.

The top ETF exchange traded funds that GWH belongs to (by Net Assets): VTI, VXF, CCSO.

GWH has underperformed the market in the last year with a return of -61.2%, while the SPY ETF gained +27.8%. In the last 3 month period, GWH fell short of the market, returning +1.1%, while SPY returned +4.6%. However, in the most recent 2 weeks GWH has outperformed the stock market by returning +36.1%, while SPY returned +0.1%.

GWH support price is $5.68 and resistance is $6.46 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GWH shares will trade within this expected range on the day.