Energous Corp. (WATT) Reaches New 12-Month High at $19.29
Shares of Energous Corp. (NASDAQ:WATT) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $19.29 and last traded at $17.21, with a volume of 1,741,013 shares trading hands. The stock had previously closed at $18.37.
Several research firms have issued reports on WATT. Zacks Investment Research upgraded shares of Energous Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, May 12th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $15.00 target price (up 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 currently has an average rating of “Buy” and a consensus target price of $14.00.
The firm has a 50 day moving average price of $13.60 and a 200-day moving average price of $10.97. The stock’s market capitalization is $306.77 million.
Energous Corp. (NASDAQ:WATT) last released its earnings results on Tuesday, August 9th. The company reported ($0.62) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.62). Equities research analysts predict that Energous Corp. will post ($1.95) EPS for the current year.
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.