Energous Corp. (WATT) Sets New 12-Month High at $15.71
Energous Corp. (NASDAQ:WATT) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $15.71 and last traded at $14.49, with a volume of 927,859 shares traded. The stock had previously closed at $14.55.
A number of equities research analysts have issued reports on WATT shares. Zacks Investment Research raised shares of Energous Corp. from a “sell” rating to a “hold” rating in a research report on Saturday. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $13.00 price objective 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 issued a buy rating to the company’s stock. Energous Corp. currently has a consensus rating of “Buy” and a consensus price target of $14.00.
The company’s market capitalization is $237.92 million. The firm’s 50-day moving average price is $12.44 and its 200-day moving average price is $10.12.
Energous Corp. (NASDAQ:WATT) last posted its earnings results on Tuesday, August 9th. The company reported ($0.62) EPS for the quarter, hitting the Thomson Reuters’ 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 other news, major shareholder Gregory S. Tamkin sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $10.57, for a total value of $264,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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.