Energous Corp. (WATT) Shares Up 1.6%
Shares of Energous Corp. (NASDAQ:WATT) shot up 1.6% on Monday . The stock traded as high as $12.30 and last traded at $12.18, with a volume of 151,970 shares trading hands. The stock had previously closed at $11.99.
Several research firms have recently weighed in on WATT. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $13.00 price target on shares of Energous Corp. in a research note on Friday, May 13th. Zacks Investment Research raised shares of Energous Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, May 12th. Finally, Ladenburg Thalmann reissued a “buy” rating on shares of Energous Corp. in a research note on Thursday, March 31st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Energous Corp. presently has an average rating of “Buy” and a consensus price target of $13.50.
The company’s market capitalization is $208.58 million. The firm has a 50-day moving average price of $12.01 and a 200-day moving average price of $9.37.
Energous Corp. (NASDAQ:WATT) last announced its earnings results on Tuesday, May 10th. The company reported ($0.66) earnings per share for the quarter, missing the consensus estimate of ($0.52) by $0.14. Equities analysts expect that Energous Corp. will post ($1.97) earnings per share for the current fiscal year.
In other news, major shareholder Gregory S. Tamkin sold 25,000 shares of the company’s stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $10.57, for a total value of $264,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through 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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