Energous Corp. (WATT) Sets New 1-Year High at $17.41
Energous Corp. (NASDAQ:WATT)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $17.41 and last traded at $16.75, with a volume of 904,678 shares trading hands. The stock had previously closed at $15.84.
Several equities analysts have recently issued reports on the company. Zacks Investment Research raised Energous Corp. from a “sell” rating to a “hold” rating in a report on Thursday, May 12th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $13.00 price objective on shares of Energous Corp. in a report on Friday, May 13th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $14.00.
The firm has a 50-day moving average price of $13.04 and a 200-day moving average price of $10.57. The firm’s market capitalization is $274.05 million.
Energous Corp. (NASDAQ:WATT) last posted its quarterly earnings results on Tuesday, August 9th. The company reported ($0.62) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.62). Equities analysts forecast that Energous Corp. will post ($1.95) earnings per share for the current fiscal year.
In other Energous Corp. news, major shareholder Gregory S. Tamkin sold 25,000 shares of the firm’s stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $10.57, for a total value of $264,250.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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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