Energous Corp. (WATT) Trading Up 7.4%
Energous Corp. (NASDAQ:WATT)’s share price was up 7.4% on Monday . The stock traded as high as $18.58 and last traded at $17.97, with a volume of 1,178,422 shares trading hands. The stock had previously closed at $16.73.
Several equities analysts have recently weighed in on WATT shares. Zacks Investment Research raised shares of Energous Corp. from a “sell” rating to a “hold” rating in a research report on Saturday, August 13th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $15.00 price objective (up from $13.00) on shares of Energous Corp. in a research 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 company has an average rating of “Buy” and a consensus price target of $14.00.
The firm’s market cap is $313.08 million. The company 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 posted its quarterly earnings results on Tuesday, August 9th. The company reported ($0.62) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.62). On average, equities research analysts anticipate that Energous Corp. will post ($1.95) EPS for the current year.
In related news, major shareholder Gregory S. Tamkin sold 25,000 shares of Energous Corp. 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 filing with the Securities & Exchange Commission, 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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