Energous Corp. (WATT) Hits New 12-Month High at $19.29
Shares of Energous Corp. (NASDAQ:WATT) reached a new 52-week high on Tuesday . The company traded as high as $19.29 and last traded at $17.21, with a volume of 1,741,013 shares traded. The stock had previously closed at $18.37.
A number of analysts have recently weighed in on the stock. 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. reaffirmed an “outperform” rating and issued a $13.00 target price on shares of Energous Corp. in a research report on Friday, May 13th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $14.00.
The stock’s market cap is $284.94 million. The company’s 50 day moving average is $13.34 and its 200 day moving average is $10.83.
Energous Corp. (NASDAQ:WATT) last released its earnings results on Tuesday, August 9th. The company reported ($0.62) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.62). On average, analysts predict that Energous Corp. will post ($1.95) earnings per share for the current fiscal year.
In related news, major shareholder Gregory S. Tamkin sold 25,000 shares of Energous Corp. stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $10.57, for a total transaction of $264,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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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