Energous Corp. (WATT) Trading Up 1.6%
Shares of Energous Corp. (NASDAQ:WATT) were up 1.6% during trading on Monday . The company traded as high as $12.30 and last traded at $12.18, with a volume of 151,970 shares changing hands. The stock had previously closed at $11.99.
A number of analysts have recently commented on WATT shares. Zacks Investment Research cut shares of Energous Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, March 30th. Ladenburg Thalmann reaffirmed a “buy” rating on shares of Energous Corp. in a research report on Thursday, March 31st. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $13.00 price target on shares of Energous Corp. in a research report on Friday, May 13th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $13.50.
The stock has a 50-day moving average of $11.95 and a 200-day moving average of $9.27. The company’s market capitalization is $204.77 million.
Energous Corp. (NASDAQ:WATT) last posted its quarterly earnings data on Tuesday, May 10th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.52) by $0.14. On average, equities research analysts expect that Energous Corp. will post ($1.97) earnings per share for the current year.
In other news, major shareholder Gregory S. Tamkin sold 25,000 shares of the firm’s stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $10.57, for a total transaction of $264,250.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Energous Corporation is engaged in developing a technology called WattUp that consists of semiconductor chipsets, software, hardware designs and antennas that can enable radio frequency (RF)-based wire-free charging for electronic devices, providing power at a distance and enabling charging with mobility under software control.
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