GWH’s Chief Executive Officer, Dresselhuys Eric P., sellss 23,440 shares.


ESS Tech Inc.’s recently made public that its Chief Executive Officer Dresselhuys Eric P. unloaded Company’s shares for reported $47818.0 on Feb 21. In the deal valued at $2.04 per share,23,440 shares were sold. As a result of this transaction, Dresselhuys Eric P. now holds 1,344,080 shares worth roughly $ 2.41 million.

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Then, Evans Craig E sold 5,536 shares, generating $11,293 in total proceeds. Upon selling the shares at $2.04, the President now owns 5,561,524 shares.

Before that, NIGGLI MICHAEL R bought 19,100 shares. ESS Tech Inc. shares valued at $48,896 were divested by the Director at a price of $2.56 per share. As a result of the transaction, NIGGLI MICHAEL R now holds 578,821 shares, worth roughly $1.04 million.

PT values the company’s stock at a premium of 52.27 to its Monday closing price. A number of analysts have revised their coverage, including Chardan Capital Markets’s analysts, who began to cover the stock in late June with a ‘”a Neutral”‘ rating. Deutsche Bank began covering GWH with “Hold” recommendation on March 31, 2022. Guggenheim started covering the stock on March 22, 2022. It rated GWH as “a Buy”.

Price Performance Review of GWH

On Monday, ESS Tech Inc. [NYSE:GWH] saw its stock jump 3.47% to $1.79. On the same session, the stock had its day’s lowest price of $1.73, but rose to a high of $1.84. Over the last five days, the stock has lost -22.51%. ESS Tech Inc. shares have fallen nearly -26.34% since the year began. Nevertheless, the stocks have fallen -60.22% over the past one year. While a 52-week high of $6.28 was reached on 01/03/23, a 52-week low of $1.73 was recorded on 02/27/23. SMA at 50 days reached $2.2766, while 200 days put it at $3.4603. A total of 1.11 million shares were traded, compared to the trading of 1.05 million shares in the previous session.

Levels Of Support And Resistance For GWH Stock

The 24-hour chart illustrates a support level at 1.7333, which if violated will result in even more drops to 1.6767. On the upside, there is a resistance level at 1.8433. A further resistance level may holdings at 1.8967. The Relative Strength Index (RSI) on the 14-day chart is 36.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.2831, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.18%. Stochastics %K at 6.88% indicates the stock is a buying.

How much short interest is there in ESS Tech Inc.?

A steep rise in short interest was recorded in ESS Tech Inc. stocks on Jan 30, 2023, dropping by -0.74 million shares to a total of 10.56 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 11.3 million shares. There was a decline of -7.01%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 11.75% of the overall stock float, the days-to-cover ratio (short ratio) fell to 8.51.

ESS Tech Inc. [GWH] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 4,368,968 shares, or roughly 2.85% of the outstanding GWH shares. In other words, the investor’s shares have risen by 204,942 from its previous 13-F filing of 4164026.0. Additionally, Invesco Capital Management LLC increased 32.22% of its stake after which the total value it holdings stand at $9,581,261, while Legal & General Investment Manage added 55.84% of its stake to hold $6.99 million in the firm. At present, SSgA Funds Management, Inc. is holding 1,764,954 shares valued at $3.9 million. Koch Industries, Inc. owned 1,691,446 shares of the company at the time of its most recent 13F filing, worth $3.74 million.

According to FactSet, ESS Tech Inc.’s share price will average $6.83 in the next year, based on opinions of analysts polled by the firm. This is up nearly 304.62 percent from its previous closing price of $1.73. Analysts expect ESS Tech Inc. stock to reach the higher price of $11.00, while the lowest price estimate is $4.00. However, 9 analysts have rated GWH stock as an Overweight in their predictions for 2023. The most recent change occurred on December 22, 2021 when Robert W. Baird began covering the stock and recommended ‘”an Outperform”‘ rating along with a $15 price target.


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