ESS Tech (NYSE:GWH) Stock Price Up 2.2% – Should You Buy?

ESS Tech, Inc. (NYSE:GWH) was up 2.2% during mid-day trading on Wednesday . The stock traded as high as $0.3496 and last traded at $0.3410. Approximately 280,335 shares traded hands during trading, a decline of 76% from the average session volume of 1,157,859 shares. The stock had previously closed at $0.3338.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of ESS Tech in a research report on Friday, July 31st. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $2.00.

ESS Tech Price Performance

The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $12.36 million, a PE ratio of -0.13 and a beta of 1.34. The firm’s 50 day simple moving average is $0.58 and its 200 day simple moving average is $0.88.

ESS Tech (NYSE:GWH) last announced its earnings results on Tuesday, August 11th. The company reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.44) by ($0.02). The firm had revenue of $0.07 million for the quarter, compared to analyst estimates of $0.10 million. As a group, research analysts anticipate that ESS Tech, Inc. will post -1.55 EPS for the current fiscal year.

About ESS Tech

ESS Tech, Inc develops and manufactures long-duration energy-storage systems based on iron-flow battery technology. Its systems are designed to store electricity for extended periods and discharge it when needed, supporting the integration of renewable energy sources such as solar and wind while helping improve grid reliability.

The company’s product portfolio has included the Energy Warehouse, a modular storage system intended for commercial, industrial, microgrid and utility applications, and the Energy Center, a larger-scale platform designed for longer-duration grid storage.