Ess Tech Stock Performance
| GWH Stock | USD 0.70 0.01 1.45% |
The firm shows a Beta (market volatility) of 2.51, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ESS Tech will likely underperform. ESS Tech has an expected return of -0.54%. Please make sure to confirm ESS Tech jensen alpha, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if ESS Tech performance from the past will be repeated at future time.
Risk-Adjusted Performance
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Over the last 90 days ESS Tech has generated negative risk-adjusted returns adding no value to investors with long positions. Despite uncertain performance in the last few months, the Stock's basic indicators remain fairly strong which may send shares a bit higher in May 2024. The recent confusion may also be a sign of long-lasting up-swing for the firm traders. ...more
1 | Is ESS Tech Inc Stock a Bad Value - InvestorsObserver | 01/31/2024 |
2 | Acquisition by Anthony Rabb of 550000 shares of ESS Tech subject to Rule 16b-3 | 02/15/2024 |
3 | Acquisition by Anthony Rabb of 76452 shares of ESS Tech subject to Rule 16b-3 | 02/16/2024 |
4 | GWH Investors Have Opportunity to Lead ESS Tech, Inc. Securities Fraud Lawsuit - The Globe and Mail | 03/06/2024 |
5 | Canaccord Genuity lowers ESS Inc. stock PT to 1.25 despite upside potential | 03/14/2024 |
6 | Is ESS Tech, Inc. Potentially Undervalued | 03/15/2024 |
7 | Ess tech director Hossfeld acquires 1.8k in company shares | 03/18/2024 |
8 | ESS Energy Center is First LDES Solution to Receive IEEE 693 Rating Demonstrating Resilience Against Seismic Events | 03/25/2024 |
9 | Is ESS Tech In A Good Position To Deliver On Growth Plans | 04/18/2024 |
| Begin Period Cash Flow | 36.7 M |
ESS |
ESS Tech Relative Risk vs. Return Landscape
If you would invest 106.00 in ESS Tech on January 24, 2024 and sell it today you would lose (36.00) from holding ESS Tech or give up 33.96% of portfolio value over 90 days. ESS Tech is generating negative expected returns assuming volatility of 4.9337% on return distribution over 90 days investment horizon. In other words, 43% of stocks are less volatile than ESS, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
ESS Tech Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ESS Tech's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as ESS Tech, and traders can use it to determine the average amount a ESS Tech's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.1089
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| Negative Returns | GWH |
Estimated Market Risk
| 4.93 actual daily | 43 57% of assets are more volatile |
Expected Return
| -0.54 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.11 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.
ESS Tech Fundamentals Growth
ESS Stock prices reflect investors' perceptions of the future prospects and financial health of ESS Tech, and ESS Tech fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on ESS Stock performance.
| Return On Equity | -0.65 | ||||
| Return On Asset | -0.34 | ||||
| Operating Margin | (6.82) % | ||||
| Current Valuation | 16.03 M | ||||
| Shares Outstanding | 174.9 M | ||||
| Price To Book | 1.14 X | ||||
| Price To Sales | 15.62 X | ||||
| Revenue | 7.54 M | ||||
| Gross Profit | 894 K | ||||
| EBITDA | (85.91 M) | ||||
| Net Income | (77.58 M) | ||||
| Cash And Equivalents | 238.94 M | ||||
| Cash Per Share | 1.25 X | ||||
| Total Debt | 2.54 M | ||||
| Debt To Equity | 0.04 % | ||||
| Current Ratio | 9.06 X | ||||
| Book Value Per Share | 0.59 X | ||||
| Cash Flow From Operations | (54.9 M) | ||||
| Earnings Per Share | (0.48) X | ||||
| Market Capitalization | 121.55 M | ||||
| Total Asset | 143.23 M | ||||
| Retained Earnings | (696.16 M) | ||||
| Working Capital | 98.33 M | ||||
About ESS Tech Performance
To evaluate ESS Tech Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when ESS Tech generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare ESS Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand ESS Tech market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents ESS's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 59.95 | 56.95 | |
| Return On Tangible Assets | (0.26) | (0.27) | |
| Return On Capital Employed | (0.70) | (0.73) | |
| Return On Assets | (0.26) | (0.27) | |
| Return On Equity | (0.42) | (0.44) |
Things to note about ESS Tech performance evaluation
Checking the ongoing alerts about ESS Tech for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for ESS Tech help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| ESS Tech generated a negative expected return over the last 90 days | |
| ESS Tech has some characteristics of a very speculative penny stock | |
| ESS Tech has high historical volatility and very poor performance | |
| The company reported the last year's revenue of 7.54 M. Reported Net Loss for the year was (77.58 M) with profit before taxes, overhead, and interest of 894 K. | |
| ESS Tech has about 238.94 M in cash with (54.9 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.25, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| ESS Tech has a frail financial position based on the latest SEC disclosures | |
| Roughly 39.0% of the company shares are held by company insiders | |
| Latest headline from finance.yahoo.com: Is ESS Tech In A Good Position To Deliver On Growth Plans |
- Analyzing ESS Tech's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether ESS Tech's stock is overvalued or undervalued compared to its peers.
- Examining ESS Tech's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating ESS Tech's management team can have a significant impact on its success or failure. Reviewing the track record and experience of ESS Tech's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of ESS Tech's stock. These opinions can provide insight into ESS Tech's potential for growth and whether the stock is currently undervalued or overvalued.
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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for ESS Stock analysis
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.