Energous Corp. (WATT) Sees Unusually-High Trading Volume
Energous Corp. (NASDAQ:WATT) saw an uptick in trading volume on Thursday . 870,810 shares changed hands during trading, a decline of 2% from the previous session’s volume of 888,037 shares.The stock last traded at $18.09 and had previously closed at $18.00.
Several research firms have recently commented on WATT. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $15.00 price target (up from $13.00) on shares of Energous Corp. in a research report on Tuesday, August 16th. Zacks Investment Research upgraded Energous Corp. from a “sell” rating to a “hold” rating in a research report on Saturday, August 13th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Energous Corp. currently has a consensus rating of “Buy” and an average price target of $14.00.
The stock’s 50-day moving average price is $13.76 and its 200-day moving average price is $11.02. The company’s market capitalization is $312.74 million.
Energous Corp. (NASDAQ:WATT) last announced its quarterly earnings results on Tuesday, August 9th. The company reported ($0.62) EPS for the quarter, meeting the consensus estimate of ($0.62). Equities research analysts anticipate 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.
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