Robert W. Baird analyst Ben Kallo reiterated a Buy rating on ESS Tech (GWH – Research Report) on August 8 and set a price target of $4.00. The company’s shares opened today at $1.31.
Kallo covers the Technology sector, focusing on stocks such as Tesla, QuantumScape, and ESS Tech. According to TipRanks, Kallo has an average return of 5.2% and a 50.10% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ESS Tech with a $2.34 average price target, representing a 78.63% upside. In a report released on August 9, TD Cowen also maintained a Buy rating on the stock with a $2.50 price target.
See today’s best-performing stocks on TipRanks >>
The company has a one-year high of $5.31 and a one-year low of $0.75. Currently, ESS Tech has an average volume of 1.72M.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GWH in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
ACON S2 Acquisition Corp is a blank check company.
Read More on GWH:
