ESS Tech, Inc. (NYSE:GWH – Get Free Report) Director Sandeep Nijhawan sold 7,000 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $5.72, for a total transaction of $40,040.00. Following the completion of the sale, the director now directly owns 15,537 shares of the company’s stock, valued at $88,871.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
ESS Tech Price Performance
Shares of NYSE GWH opened at $6.18 on Wednesday. The company has a market cap of $1.08 billion, a PE ratio of -13.73 and a beta of 1.48. The stock has a fifty day moving average price of $2.04 and a 200 day moving average price of $0.75. ESS Tech, Inc. has a 1-year low of $5.20 and a 1-year high of $31.65.
ESS Tech (NYSE:GWH – Get Free Report) last issued its earnings results on Wednesday, August 14th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.01). ESS Tech had a negative net margin of 982.87% and a negative return on equity of 77.52%. The firm had revenue of $0.35 million during the quarter, compared to analysts’ expectations of $3.24 million. Analysts anticipate that ESS Tech, Inc. will post -6.74 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on GWH
Hedge Funds Weigh In On ESS Tech
Several institutional investors and hedge funds have recently added to or reduced their stakes in GWH. Green Alpha Advisors LLC lifted its holdings in shares of ESS Tech by 11.7% in the 1st quarter. Green Alpha Advisors LLC now owns 219,440 shares of the company’s stock valued at $159,000 after buying an additional 23,022 shares during the period. SG Americas Securities LLC purchased a new position in ESS Tech in the first quarter worth $31,000. Vanguard Group Inc. lifted its holdings in ESS Tech by 6.9% in the first quarter. Vanguard Group Inc. now owns 3,263,849 shares of the company’s stock valued at $2,361,000 after acquiring an additional 212,070 shares during the period. Paloma Partners Management Co purchased a new stake in shares of ESS Tech during the 1st quarter worth $27,000. Finally, CWM LLC acquired a new position in shares of ESS Tech during the 2nd quarter worth $34,000. Institutional investors and hedge funds own 46.77% of the company’s stock.
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.
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