Ess Tech Stock Price on November 22, 2021
| GWH Stock | USD 0.67 0.01 1.52% |
If you're considering investing in ESS Stock, it is important to understand the factors that can impact its price. As of today, the current price of ESS Tech stands at 0.67, as last reported on the 18th of April 2024, with the highest price reaching 0.70 and the lowest price hitting 0.65 during the day. ESS Tech secures Sharpe Ratio (or Efficiency) of -0.0978, which denotes the company had a -0.0978% return per unit of volatility over the last 3 months. ESS Tech exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ESS Tech's Market Risk Adjusted Performance of (0.19), standard deviation of 5.0, and Mean Deviation of 3.96 to check the risk estimate we provide.
As of now, ESS Tech's Common Stock is increasing as compared to previous years. The ESS Tech's current Common Stock Total Equity is estimated to increase to about 19.3 K, while Total Stockholder Equity is projected to decrease to under 95.2 M. . As of now, ESS Tech's Price Book Value Ratio is decreasing as compared to previous years. The ESS Tech's current Price To Book Ratio is estimated to increase to 1.85, while Price To Sales Ratio is projected to decrease to 22.98. ESS Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
ESS |
Sharpe Ratio = -0.0978
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Estimated Market Risk
| 4.93 actual daily | 43 57% of assets are more volatile |
Expected Return
| -0.48 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average ESS Tech is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of ESS Tech by adding ESS Tech to a well-diversified portfolio.
Price Book 1.1397 | Enterprise Value Ebitda (0.15) | Price Sales 15.6225 | Shares Float 65.4 M | Wall Street Target Price 1.99 |
ESS Tech Valuation on November 22, 2021
It is possible to determine the worth of ESS Tech on a given historical date. On November 22, 2021 ESS was worth 5.79 at the beginning of the trading date compared to the closed value of 5.99. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ESS Tech stock. Still, in general, we apply an absolute valuation method to find ESS Tech's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of ESS Tech where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ESS Tech's related companies.
| Open | High | Low | Close | Volume | |
04/04/2022 | 5.79 | 6.02 | 5.64 | 5.99 | 1,911,800 |
| 6.12 | 6.19 | 5.75 | 5.94 | 1,299,900 |
| Backtest ESS Tech | | | ESS Tech History | | | ESS Tech Valuation | Next |
ESS Tech Trading Date Momentum on November 22, 2021
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.ESS Tech Fundamentals Correlations and Trends
By evaluating ESS Tech's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among ESS Tech's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. ESS financial account trend analysis is a perfect complement when working with valuation or volatility modules.About ESS Tech Stock history
ESS Tech investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for ESS is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in ESS Tech will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing ESS Tech stock prices may prove useful in developing a viable investing in ESS Tech
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 160 M | 103.1 M | |
| Net Loss | -70.2 M | -73.7 M |
ESS Tech Stock Technical Analysis
ESS Tech technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
ESS Tech Period Price Range
Low | April 4, 2022
| High |
5.79 | 5.99 |
ESS Tech April 18, 2024 Market Strength
Market strength indicators help investors to evaluate how ESS Tech stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ESS Tech shares will generate the highest return on investment. By undertsting and applying ESS Tech stock market strength indicators, traders can identify ESS Tech entry and exit signals to maximize returns
| Accumulation Distribution | 120678.0 | |||
| Daily Balance Of Power | 0.5263 | |||
| Rate Of Daily Change | 1.03 | |||
| Day Median Price | 5.83 | |||
| Day Typical Price | 5.88 | |||
| Price Action Indicator | 0.26 | |||
| Period Momentum Indicator | (5.32) |
ESS Tech Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ESS Tech's price direction in advance. Along with the technical and fundamental analysis of ESS Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of ESS to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.62) | |||
| Total Risk Alpha | (0.87) | |||
| Treynor Ratio | (0.20) |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ESS Tech. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing. For more detail on how to invest in ESS Stock please use our How to Invest in ESS Tech guide.You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
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When running ESS Tech's price analysis, check to measure ESS Tech's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ESS Tech is operating at the current time. Most of ESS Tech's value examination focuses on studying past and present price action to predict the probability of ESS Tech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ESS Tech's price. Additionally, you may evaluate how the addition of ESS Tech to your portfolios can decrease your overall portfolio volatility.
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Is ESS Tech's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ESS Tech. If investors know ESS will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ESS Tech listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.48) | Revenue Per Share 0.047 | Quarterly Revenue Growth 173.75 | Return On Assets (0.34) | Return On Equity (0.65) |
The market value of ESS Tech is measured differently than its book value, which is the value of ESS that is recorded on the company's balance sheet. Investors also form their own opinion of ESS Tech's value that differs from its market value or its book value, called intrinsic value, which is ESS Tech's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ESS Tech's market value can be influenced by many factors that don't directly affect ESS Tech's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ESS Tech's value and its price as these two are different measures arrived at by different means. Investors typically determine if ESS Tech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ESS Tech's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.