Ess Tech, Inc. (GWH) has disclosed a new risk, in the Share Price & Shareholder Rights category.
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Ess Tech, Inc. faces significant business risks following its 1-for-15 reverse stock split executed on August 23, 2024. The reduced number of outstanding shares could decrease the liquidity of its common stock, resulting in increased market volatility and potentially deterring institutional investors. This volatility might lead to reduced trading activity and fewer market makers, ultimately impacting the stock’s market price and appeal to new investors. Such conditions could materially and adversely affect the company’s stockholders.
Overall, Wall Street has a Moderate Buy consensus rating on GWH stock based on 2 Buys and 4 Holds.
To learn more about Ess Tech, Inc.’s risk factors, click here.
