Energous Corp. (WATT) Shares Down 3%
Energous Corp. (NASDAQ:WATT) traded down 3% on Friday . The stock traded as low as $13.95 and last traded at $14.00, with a volume of 264,286 shares. The stock had previously closed at $14.43.
Several equities research analysts have weighed in on the company. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $15.00 price target (up previously from $13.00) on shares of Energous Corp. in a report on Tuesday, August 16th. Zacks Investment Research raised Energous Corp. from a “sell” rating to a “hold” rating in a report on Saturday, August 13th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $14.00.
The stock has a 50-day moving average of $12.66 and a 200 day moving average of $10.29. 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) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.62). On average, equities analysts anticipate that Energous Corp. will post ($1.95) EPS for the current year.
In related news, major shareholder Gregory S. Tamkin sold 25,000 shares of the business’s stock in a transaction on 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 filing with the SEC, which is accessible 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.
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.