ESS Tech Inc

Company Profile

ESS Tech Inc had its IPO on 2021-01-04 under the ticker symbol GWH.

The company operates in the Industrials sector and Electrical Equipment & Parts industry. ESS Tech Inc has a staff strength of 271 employees.

Stock update

Shares of ESS Tech Inc opened at $1.53 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $1.53 - $1.69, and closed at $1.61.

This is a +2.55% increase from the previous day's closing price.

A total volume of 813,796 shares were traded at the close of the day’s session.

In the last one week, shares of ESS Tech Inc have increased by +3.87%.

ESS Tech Inc's Key Ratios

ESS Tech Inc has a market cap of $241.16 million, indicating a price to book ratio of 2.5275 and a price to sales ratio of 443.3689.

In the last 12-months ESS Tech Inc’s revenue was $3.41 million with a gross profit of $894000 and an EBITDA of $-104668000. The EBITDA ratio measures ESS Tech Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, ESS Tech Inc’s operating margin was -3165.04% while its return on assets stood at -39.2% with a return of equity of -71.44%.

In Q2, ESS Tech Inc’s quarterly earnings growth was a positive 0% while revenue growth was a positive 312.1%.

ESS Tech Inc’s PE and PEG Ratio

Forward PE

0

Trailing PE

0

PEG

Its diluted EPS in the last 12-months stands at $-0.66 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into ESS Tech Inc’s profitability.

ESS Tech Inc stock is trading at a EV to sales ratio of 262.7163 and a EV to EBITDA ratio of -0.4623. Its price to sales ratio in the trailing 12-months stood at 443.3689.

ESS Tech Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$127.76 million

Total Liabilities

$22.71 million

Operating Cash Flow

$-38135000.00

Capital Expenditure

$830000

Dividend Payout Ratio

0%

ESS Tech Inc ended 2024 with $127.76 million in total assets and $0 in total liabilities. Its intangible assets were valued at $127.76 million while shareholder equity stood at $97.30 million.

ESS Tech Inc ended 2024 with $0 in deferred long-term liabilities, $22.71 million in other current liabilities, 16000.00 in common stock, $-663409000.00 in retained earnings and $0 in goodwill. Its cash balance stood at $30.29 million and cash and short-term investments were $99.50 million. The company’s total short-term debt was $2,627,000 while long-term debt stood at $0.

ESS Tech Inc’s total current assets stands at $105.42 million while long-term investments were $0 and short-term investments were $69.22 million. Its net receivables were $1.39 million compared to accounts payable of $2.84 million and inventory worth $1.37 million.

In 2024, ESS Tech Inc's operating cash flow was $-38135000.00 while its capital expenditure stood at $830000.

Comparatively, ESS Tech Inc paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$1.61

52-Week High

$5.105

52-Week Low

$0.75

Analyst Target Price

$3.34

ESS Tech Inc stock is currently trading at $1.61 per share. It touched a 52-week high of $5.105 and a 52-week low of $5.105. Analysts tracking the stock have a 12-month average target price of $3.34.

Its 50-day moving average was $1.63 and 200-day moving average was $1.71 The short ratio stood at 6.69 indicating a short percent outstanding of 0%.

Around 4355.2% of the company’s stock are held by insiders while 3891.7% are held by institutions.