Energous Corp. (WATT) Stock Price Up 4.5%
Energous Corp. (NASDAQ:WATT)’s share price rose 4.5% during mid-day trading on Wednesday . The stock traded as high as $13.40 and last traded at $12.72, with a volume of 317,838 shares traded. The stock had previously closed at $12.17.
WATT has been the topic of several analyst reports. Zacks Investment Research lowered Energous Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, April 14th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $13.00 target price on shares of Energous Corp. in a research report on Friday, May 13th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $13.50.
The firm’s market cap is $215.37 million. The company’s 50-day moving average price is $12.18 and its 200 day moving average price is $9.87.
Energous Corp. (NASDAQ:WATT) last issued its quarterly earnings results on Tuesday, August 9th. The company reported ($0.62) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.62). On average, equities research analysts predict that Energous Corp. will post ($2.03) EPS for the current fiscal year.
In other Energous Corp. news, major shareholder Gregory S. Tamkin sold 25,000 shares of Energous Corp. stock in a transaction that occurred on Wednesday, June 1st. The stock was 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 SEC, which is available through this link.
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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