Energous Corp. (WATT) Sees Unusually-High Trading Volume
Energous Corp. (NASDAQ:WATT) saw an uptick in trading volume on Thursday . 354,476 shares changed hands during mid-day trading, an increase of 34% from the previous session’s volume of 264,573 shares.The stock last traded at $12.62 and had previously closed at $13.01.
A number of brokerages have weighed in on WATT. Zacks Investment Research upgraded Energous Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, April 26th. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $13.00 price objective on shares of Energous Corp. in a report on Friday, May 13th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $13.50.
The company’s market capitalization is $213.22 million. The stock has a 50 day moving average price of $12.28 and a 200 day moving average price of $9.91.
Energous Corp. (NASDAQ:WATT) last announced its quarterly earnings data on Tuesday, August 9th. The company reported ($0.62) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.62). On average, analysts anticipate that Energous Corp. will post ($2.04) earnings per share for the current fiscal year.
In related news, major shareholder Gregory S. Tamkin sold 25,000 shares of the company’s stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $10.57, for a total transaction of $264,250.00. The sale was disclosed in a document filed with the SEC, which is available at this link.
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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