Energous Corp. (WATT) Stock Price Down 2.7%
Energous Corp. (NASDAQ:WATT) shares traded down 2.7% on Thursday . The company traded as low as $15.70 and last traded at $16.05, with a volume of 419,810 shares trading hands. The stock had previously closed at $16.49.
Several analysts have commented on the stock. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $15.00 price target (up previously from $13.00) on shares of Energous Corp. in a research note on Tuesday, August 16th. Zacks Investment Research upgraded shares of Energous Corp. from a “sell” rating to a “hold” rating in a research note on Saturday, August 13th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $14.00.
The firm’s market cap is $285.13 million. The firm has a 50 day moving average price of $13.17 and a 200-day moving average price of $10.65.
Energous Corp. (NASDAQ:WATT) last released its quarterly earnings data on Tuesday, August 9th. The company reported ($0.62) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.62). Analysts anticipate that Energous Corp. will post ($1.95) earnings per share for the current year.
In other news, major shareholder Gregory S. Tamkin sold 25,000 shares of the stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $10.57, for a total value of $264,250.00. The transaction was disclosed in a document filed with the SEC, which is accessible through 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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