Energous Corp. (WATT) Sets New 12-Month High at $17.41
Energous Corp. (NASDAQ:WATT) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $17.41 and last traded at $16.75, with a volume of 904,678 shares traded. The stock had previously closed at $15.84.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Energous Corp. from a “sell” rating to a “hold” rating in a research report on Saturday, August 13th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $13.00 price objective on shares of Energous Corp. in a research report on Friday, May 13th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Energous Corp. presently has a consensus rating of “Buy” and a consensus target price of $14.00.
The stock has a 50 day moving average price of $12.82 and a 200 day moving average price of $10.49. The firm’s market cap is $285.04 million.
Energous Corp. (NASDAQ:WATT) last issued its earnings results on Tuesday, August 9th. The company reported ($0.62) earnings per share for the quarter, hitting the consensus estimate of ($0.62). Analysts expect that Energous Corp. will post ($1.95) EPS for the current fiscal year.
In related news, major shareholder Gregory S. Tamkin sold 25,000 shares of the company’s stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $10.57, for a total value of $264,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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.