Energous Corp. (WATT) Stock Price Down 3%
Shares of Energous Corp. (NASDAQ:WATT) fell 3% on Friday . The company traded as low as $13.95 and last traded at $14.00, with a volume of 264,286 shares traded. The stock had previously closed at $14.43.
A number of research firms recently weighed in on WATT. Zacks Investment Research upgraded Energous Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, April 26th. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $15.00 target price (up previously from $13.00) on shares of Energous Corp. in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $14.00.
The firm has a 50 day moving average price of $12.64 and a 200-day moving average price of $10.24. The stock’s market capitalization is $238.09 million.
Energous Corp. (NASDAQ:WATT) last posted its quarterly earnings data on Tuesday, August 9th. The company reported ($0.62) EPS for the quarter, meeting analysts’ consensus estimates of ($0.62). Analysts expect that Energous Corp. will post ($1.95) earnings per share for the current fiscal year.
In other Energous Corp. 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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.
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.