Energous Corp. (WATT) Sets New 1-Year High at $15.71
Energous Corp. (NASDAQ:WATT)’s share price hit a new 52-week high on Tuesday . The company traded as high as $15.71 and last traded at $14.49, with a volume of 927,859 shares changing hands. The stock had previously closed at $14.55.
A number of brokerages have commented on WATT. Zacks Investment Research raised Energous Corp. from a “sell” rating to a “hold” rating in a research note on Saturday, August 13th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $15.00 price target (up from $13.00) on shares of Energous Corp. in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $14.00.
The company’s market cap is $239.80 million. The company has a 50-day moving average price of $12.58 and a 200 day moving average price of $10.21.
Energous Corp. (NASDAQ:WATT) last released its quarterly earnings data on Tuesday, August 9th. The company reported ($0.62) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.62). Equities analysts predict that Energous Corp. will post ($1.95) earnings per share for the current fiscal year.
In other news, major shareholder Gregory S. Tamkin sold 25,000 shares of the company’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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.