Energous Corp. (WATT) Sees Large Volume Increase
Energous Corp. (NASDAQ:WATT) shares saw strong trading volume on Thursday . 354,476 shares traded hands during mid-day trading, an increase of 34% from the previous session’s volume of 264,573 shares.The stock last traded at $12.62 and had previously closed at $13.01.
A number of equities analysts have commented on the company. Zacks Investment Research upgraded Energous Corp. from a “sell” rating to a “hold” rating in a research note on Saturday. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $13.00 target price on shares of Energous Corp. in a research note on Friday, May 13th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $13.50.
The firm’s market capitalization is $231.78 million. The stock has a 50-day moving average of $12.35 and a 200 day moving average of $9.98.
Energous Corp. (NASDAQ:WATT) last released its quarterly earnings results on Tuesday, August 9th. The company reported ($0.62) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.62). Analysts anticipate that Energous Corp. will post ($2.04) EPS for the current year.
In other Energous Corp. news, major shareholder Gregory S. Tamkin sold 25,000 shares of the company’s stock in a transaction dated Wednesday, June 1st. The shares were 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 Securities & Exchange Commission, which can be accessed 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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