Ess Tech Stock Odds of Future Stock Price Finishing Under 6.03
| GWH Stock | USD 5.97 0.12 2.05% |
ESS |
ESS Tech Target Price Odds to finish below 6.03
The tendency of ESS Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under $ 6.03 after 90 days |
| 5.97 | 90 days | 6.03 | about 21.56 |
Based on a normal probability distribution, the odds of ESS Tech to stay under $ 6.03 after 90 days from now is about 21.56 (This ESS Tech probability density function shows the probability of ESS Stock to fall within a particular range of prices over 90 days) . Probability of ESS Tech price to stay between its current price of $ 5.97 and $ 6.03 at the end of the 90-day period is about 1.49 .
Considering the 90-day investment horizon the stock has the beta coefficient of 2.93 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, ESS Tech will likely underperform. Additionally ESS Tech has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. ESS Tech Price Density |
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Predictive Modules for ESS Tech
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ESS Tech. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ESS Tech's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
ESS Tech Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ESS Tech is not an exception. The market had few large corrections towards the ESS Tech's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold ESS Tech, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ESS Tech within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.54 | |
β | Beta against Dow Jones | 2.93 | |
σ | Overall volatility | 1.16 | |
Ir | Information ratio | -0.04 |
ESS Tech Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of ESS Tech for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ESS Tech can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| ESS Tech had very high historical volatility over the last 90 days | |
| 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. | |
| ESS Tech has a frail financial position based on the latest SEC disclosures | |
| Roughly 35.0% of the company shares are held by company insiders | |
| Latest headline from MacroaxisInsider: Acquisition by Eric Dresselhuys of 1000 shares of ESS Tech at 5.2271 subject to Rule 16b-3 |
ESS Tech Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of ESS Stock often depends not only on the future outlook of the current and potential ESS Tech's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. ESS Tech's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 160 M | |
| Cash And Short Term Investments | 108.1 M |
ESS Tech Technical Analysis
ESS Tech's future price can be derived by breaking down and analyzing its technical indicators over time. ESS Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ESS Tech. In general, you should focus on analyzing ESS Stock price patterns and their correlations with different microeconomic environments and drivers.
ESS Tech Predictive Forecast Models
ESS Tech's time-series forecasting models is one of many ESS Tech's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary ESS Tech's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about ESS Tech
Checking the ongoing alerts about ESS Tech for important developments is a great way to find new opportunities for your next move. Our 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 had very high historical volatility over the last 90 days | |
| 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. | |
| ESS Tech has a frail financial position based on the latest SEC disclosures | |
| Roughly 35.0% of the company shares are held by company insiders | |
| Latest headline from MacroaxisInsider: Acquisition by Eric Dresselhuys of 1000 shares of ESS Tech at 5.2271 subject to Rule 16b-3 |
Check out ESS Tech Backtesting, ESS Tech Valuation, ESS Tech Correlation, ESS Tech Hype Analysis, ESS Tech Volatility, ESS Tech History as well as ESS Tech Performance. 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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Is Electrical Components & Equipment space 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 (6.62) | Revenue Per Share 0.654 | Quarterly Revenue Growth (0.88) | Return On Assets (0.42) | Return On Equity (0.88) |
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.