Energous Corp. (WATT) Shares Up 5.1%
Energous Corp. (NASDAQ:WATT) shares shot up 5.1% during trading on Thursday . The stock traded as high as $13.00 and last traded at $12.86, with a volume of 294,243 shares traded. The stock had previously closed at $12.24.
Several brokerages have recently commented on WATT. Zacks Investment Research raised Energous Corp. from a “sell” rating to a “hold” rating in a report on Thursday, May 12th. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $13.00 price objective on shares of Energous Corp. in a report on Friday, May 13th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $13.50.
The stock’s market capitalization is $214.87 million. The stock has a 50 day moving average of $12.09 and a 200 day moving average of $9.68.
Energous Corp. (NASDAQ:WATT) last announced its earnings results on Tuesday, May 10th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.52) by $0.14. On average, equities research analysts expect that Energous Corp. will post ($2.03) EPS for the current year.
In other Energous Corp. news, major shareholder Gregory S. Tamkin sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $10.57, for a total value of $264,250.00. The sale was disclosed in a legal filing with the SEC, which is available 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.