Energous Corp. (WATT) Sees Strong Trading Volume
Energous Corp. (NASDAQ:WATT) shares saw unusually-high trading volume on Tuesday . Approximately 1,010,897 shares were traded during mid-day trading, an increase of 107% from the previous session’s volume of 489,017 shares.The stock last traded at $15.70 and had previously closed at $14.52.
WATT has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of 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 $13.00 price target on shares of Energous Corp. in a research report on Friday, May 13th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Energous Corp. currently has a consensus rating of “Buy” and an average price target of $14.00.
The firm has a 50-day moving average price of $12.82 and a 200 day moving average price of $10.49. The company’s market capitalization is $269.96 million.
Energous Corp. (NASDAQ:WATT) last announced its quarterly earnings data on Tuesday, August 9th. The company reported ($0.62) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.62). On average, analysts anticipate that Energous Corp. will post ($1.95) EPS for the current year.
In other Energous Corp. news, major shareholder Gregory S. Tamkin sold 25,000 shares of the stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $10.57, for a total transaction of $264,250.00. The sale was disclosed in a filing with the SEC, which can be accessed through 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.
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