Energous Corp. (WATT) Shares Up 4.5%
Energous Corp. (NASDAQ:WATT) shares shot up 4.5% during mid-day trading on Wednesday . The company traded as high as $13.40 and last traded at $12.72, with a volume of 317,838 shares trading hands. The stock had previously closed at $12.17.
A number of research firms recently issued reports on WATT. Zacks Investment Research upgraded shares of Energous Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, May 12th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set 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 a consensus rating of “Buy” and a consensus target price of $13.50.
The firm has a 50-day moving average of $12.28 and a 200-day moving average of $9.91. The firm’s market cap is $220.33 million.
Energous Corp. (NASDAQ:WATT) last issued its quarterly earnings results on Tuesday, August 9th. The company reported ($0.62) EPS for the quarter, meeting analysts’ consensus estimates of ($0.62). Analysts forecast that Energous Corp. will post ($2.04) EPS for the current year.
In other news, major shareholder Gregory S. Tamkin sold 25,000 shares of the firm’s stock in a transaction that occurred 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 legal filing with the SEC, which is accessible 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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