Share Price | ESS Tech, Inc. Stock Analysis & Recommendation

Q: What does ESS Tech, Inc. do?

Overview:ESS Tech, Inc. operates in the Electronics & Appliances industry and is classified as a micro-cap company.Financial Snapshot:Most recent Net Sales: 1 Million (Quarterly Results - Mar 2025) Most recent Net Profit: -18 Million (Quarterly Results - Mar 2025) Market cap: USD 12.02 Million (Micro Cap)Key Metrics:P/E: NA (Loss Making) Industry P/E: NA Dividend Yield: 0.00% Debt Equity: -1.03 Return on Equity: -711.46% Price to Book: 0.99 Contact Details:Registrar Address: Not available.

Q: Is ESS Tech, Inc. overvalued or undervalued?

As of 9 May 2023, the valuation grade for ESS Tech, Inc. has moved from does not qualify to risky, indicating a significant downgrade in its perceived investment quality. The company is currently considered overvalued given its negative financial metrics, including a staggering ROE of -711.46% and an EV to EBITDA ratio of -0.03. The Price to Book Value stands at 1.22, which, while not excessively high, does not compensate for the underlying financial instability.In comparison to its peers, ESS Tech, Inc. shows a concerning performance against companies like NuScale Power Corp., which has a P/E ratio of -95.59, and Microvast Holdings, Inc., with a P/E ratio of 120.82. This highlights the volatility and risk associated with the sector. Furthermore, the company's stock has underperformed significantly, with a year-to-date return of -81.8%, contrasting sharply with the S&P 500's modest gain of 2.44% during the same period. Overall, ESS Tech, Inc. appears to be overvalued in light of its financial ratios and peer comparisons.

Q: Is ESS Tech, Inc. technically bullish or bearish?

As of 28 July 2025, the technical trend for ESS Tech, Inc. has changed from sideways to mildly bearish. The current stance is bearish, primarily driven by the daily moving averages indicating a bearish trend, while the weekly Bollinger Bands also reflect a mildly bearish position. Despite some mildly bullish signals from the MACD and KST on the weekly timeframe, the overall indicators suggest weakness. In terms of performance, the stock has significantly underperformed compared to the S&P 500, with a year-to-date return of -74.49% versus the S&P 500's 12.22%, highlighting a stark divergence in performance over the same period.

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

644.85 k

Shareholding (Sep 2025)

FII

16.82%

Held by 29 FIIs

DII

61.5%

Held by 7 DIIs

Promoter

15.58%

How big is ESS Tech, Inc.?

22-Jun-2025

As of Jun 18, ESS Tech, Inc. has a market capitalization of 12.02 million, with net sales of 4.16 million and a net profit of -85.94 million over the latest four quarters. Shareholder's funds are reported at 28.88 million, and total assets amount to 72.22 million.

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What does ESS Tech, Inc. do?

22-Jun-2025

ESS Tech, Inc. is a micro-cap company in the Electronics & Appliances industry, reporting net sales of $1 million and a net loss of $18 million as of March 2025. Key metrics include a market cap of $12.02 million, a P/E ratio of NA, and a dividend yield of 0.00%.

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Is ESS Tech, Inc. overvalued or undervalued?

25-Jun-2025

As of May 9, 2023, ESS Tech, Inc. is considered overvalued and risky due to its negative financial metrics, including a -711.46% ROE and a year-to-date return of -81.8%, significantly underperforming compared to its peers and the S&P 500.

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Is ESS Tech, Inc. technically bullish or bearish?

20-Sep-2025

As of July 28, 2025, ESS Tech, Inc. shows a mildly bearish trend with a year-to-date return of -74.49%, significantly underperforming the S&P 500's 12.22%.

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Score

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Strong Sell

Sell

Hold

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Strong Buy

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Dashboard

The company has declared Negative results for the last 3 consecutive quarters

ROCE(HY) Lowest at -207.48%
DEBT-EQUITY RATIO (HY) Highest at -25.15 %

Risky - Negative EBITDA

Underperformed the market in the last 1 year

Mojo Parameters

Stock DNA

Industry

Electronics & Appliances

Market cap

USD 36 Million (Micro Cap)

P/E

NA (Loss Making)

Industry P/E

Dividend Yield

0.00%

Debt Equity

0.95

Return on Equity

3,561.74%

Price to Book

-20.09

Revenue and Profits:

Net Sales:

2 Million

(Quarterly Results - Jun 2025)

Net Profit:

-11 Million

Total Returns

Total Returns (Price + Dividend)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

-47.39%

6 Months

-70.67%

1 Year

-84.74%

2 Years

-91.55%

3 Years

-96.69%

4 Years

-98.92%

5 Years

0.0%

ESS Tech, Inc. for the last several years.

Risk Adjusted Returns v/s

News & Corporate Actions

News

No Recent News for the Company

Announcements

No announcement available

Corporate Actions

No corporate action available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

-41.33%

EBIT Growth (5y)

-231.87%

EBIT to Interest (avg)

-59.83

Debt to EBITDA (avg)

Negative Net Debt

Net Debt to Equity (avg)

-1.03

Sales to Capital Employed (avg)

0.85

Tax Ratio

Dividend Payout Ratio

Pledged Shares

Institutional Holding

27.51%

ROCE (avg)

ROE (avg)

Valuation key factors

Factor

Value

P/E Ratio

NA (Loss Making)

Industry P/E

Price to Book Value

1.22

EV to EBIT

-0.03

EV to EBITDA

-0.03

EV to Capital Employed

-2.35

EV to Sales

0.57

PEG Ratio

Dividend Yield

ROCE (Latest)

Negative Capital Employed

ROE (Latest)

-711.46%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Bearish

Mildly Bullish

RSI

No Signal

Bollinger Bands

Bearish

Sideways

Moving Averages

Bearish (Daily)

KST

Bearish

Dow Theory

No Trend

OBV

Mildly Bullish

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Sep 2025

Shareholding Compare (%holding)

Majority shareholders

Foreign Institutions

Domestic Funds

Held in 20 Schemes (6.1%)

Foreign Institutions

Held by 29 Foreign Institutions (16.82%)

Strategic Entities with highest holding

Highest Public shareholder

Financial

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    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Consolidated) - Jun'25 - QoQ",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "QoQ Growth in quarter ended Jun 2025 is 300.00% vs -79.31% in Mar 2025",
        "dir": 1
      },
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        "prefix": "Consolidated Net Profit ",
        "suffix": "QoQ Growth in quarter ended Jun 2025 is 38.33% vs 23.40% in Mar 2025",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Jun'25",
        "Mar'25",
        "Change(%)"
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          "val1": "2.40",
          "val2": "0.60",
          "chgp": "300.00%",
          "chgp_class": "positive"
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        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "-10.00",
          "val2": "-16.60",
          "chgp": "39.76%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.50",
          "val2": "-0.10",
          "chgp": "600.00%",
          "chgp_class": "positive"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "-11.10",
          "val2": "-18.00",
          "chgp": "38.33%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "-4,901.20%",
          "val2": "-30,293.80%",
          "chgp": "2,539.26%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "annual",
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    "rhs": [
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        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Dec 2024 is -16.00% vs 733.33% in Dec 2023",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Dec 2024 is -11.08% vs 0.51% in Dec 2023",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Dec'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "6.30",
          "val2": "7.50",
          "chgp": "-16.00%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "-85.10",
          "val2": "-78.20",
          "chgp": "-8.82%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.10",
          "val2": "2.30",
          "chgp": "-95.65%",
          "chgp_class": "negative"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "-86.20",
          "val2": "-77.60",
          "chgp": "-11.08%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "-14,265.00%",
          "val2": "-11,393.20%",
          "chgp": "-287.18%",
          "chgp_class": "negative"
        }
      ]
    }
  }
]

Quarterly Results Snapshot (Consolidated) - Jun'25 - QoQ

Jun'25

Mar'25

Change(%)

Net Sales

2.40

0.60

300.00%

Operating Profit (PBDIT) excl Other Income

-10.00

-16.60

39.76%

Interest

0.00

Exceptional Items

0.50

-0.10

600.00%

Consolidate Net Profit

-11.10

-18.00

38.33%

Operating Profit Margin (Excl OI)

-4,901.20%

-30,293.80%

2,539.26%

USD in Million.

Compare with Peers

Net Sales

QoQ Growth in quarter ended Jun 2025 is 300.00% vs -79.31% in Mar 2025

Consolidated Net Profit

QoQ Growth in quarter ended Jun 2025 is 38.33% vs 23.40% in Mar 2025

All Quarterly Results

Annual Results Snapshot (Consolidated) - Dec'24

Dec'24

Dec'23

Change(%)

Net Sales

6.30

7.50

-16.00%

Operating Profit (PBDIT) excl Other Income

-85.10

-78.20

-8.82%

Interest

0.00

Exceptional Items

0.10

2.30

-95.65%

Consolidate Net Profit

-86.20

-77.60

-11.08%

Operating Profit Margin (Excl OI)

-14,265.00%

-11,393.20%

-287.18%

USD in Million.

Compare with Peers

Net Sales

YoY Growth in year ended Dec 2024 is -16.00% vs 733.33% in Dec 2023

Consolidated Net Profit

YoY Growth in year ended Dec 2024 is -11.08% vs 0.51% in Dec 2023

All Annual Results

Company CV

About ESS Tech, Inc.

ESS Tech, Inc.

Electronics & Appliances

No Details Available.

Company Coordinates

No Company Details Available

ESS Tech, Inc.

1Day

52 Week

CASH

FII

DII

Promoter

How big is ESS Tech, Inc.?

Watch in Real-Time

What does ESS Tech, Inc. do?

Is ESS Tech, Inc. overvalued or undervalued?

Is ESS Tech, Inc. technically bullish or bearish?

Compare ESS Tech, Inc. with Similar Stocks

MarketsMojo — Loved in India, Now Global

Dashboard

The company has declared Negative results for the last 3 consecutive quarters

Risky - Negative EBITDA

Underperformed the market in the last 1 year

Mojo Parameters

Stock DNA

Total Returns (Price + Dividend)

Risk Adjusted Returns v/s

News

Announcements

Corporate Actions

Quality key factors

Valuation key factors

Technicals key factors

Shareholding Snapshot : Sep 2025

Shareholding Compare (%holding)

Quarterly Results Snapshot (Consolidated) - Jun'25 - QoQ

Annual Results Snapshot (Consolidated) - Dec'24

About ESS Tech, Inc.

Company Coordinates