Energous Corp. (WATT) Stock Price Up 3.4%
Energous Corp. (NASDAQ:WATT) shares rose 3.4% during mid-day trading on Monday . The stock traded as high as $14.67 and last traded at $14.44, with a volume of 364,679 shares traded. The stock had previously closed at $13.97.
WATT has been the topic of several research reports. Zacks Investment Research raised Energous Corp. from a “sell” rating to a “hold” rating in a report on Thursday, May 12th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $15.00 price objective (up previously from $13.00) on shares of Energous Corp. in a report on Tuesday, August 16th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $14.00.
The company’s 50 day moving average price is $12.82 and its 200-day moving average price is $10.49. The stock’s market capitalization is $283.25 million.
Energous Corp. (NASDAQ:WATT) last posted its earnings results on Tuesday, August 9th. The company reported ($0.62) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.62). On average, equities analysts expect that Energous Corp. will post ($1.95) earnings per share for the current year.
In other Energous Corp. news, major shareholder Gregory S. Tamkin sold 25,000 shares of the business’s stock in a transaction on 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 SEC, which is available at this hyperlink.
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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