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 December 13, 2024, GWH stock price declined to $5.09 with 90,221 million shares trading.

GWH has a beta of 2.17, 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 $60.48 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 $220.35 and as low as $4.68.

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

GWH has underperformed the market in the last year with a price return of -72.0% while the SPY ETF gained +29.9%. GWH has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -6.1% and -18.7%, respectively, while the SPY returned +7.8% and +0.3%, respectively.

GWH support price is $4.91 and resistance is $5.63 (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.