No I don’t know who dropped all that stock. But I hate to say this, I can’t blame them for leaving. Despite all the potential and the optimism, the market doesn’t like this stock.
It seems to tick all the boxes, yet struggles along at the 40s or low 50s. For months now, despite promises.
I can’t see what is going to change. Ok, some announcements soon maybe, but the market hasn’t changed its opinion on ESS. It seems it just can’t make it for the next leg up and to be re-rated.
I fear another 12 months or so at the same price, and no change in the market’s sentiment. Despite its clear potential.
ESS Price at posting:
51.0¢ Sentiment: Buy Disclosure: Held