Energous Corp. (WATT) Shares Down 2.7%
Energous Corp. (NASDAQ:WATT) shares were down 2.7% during mid-day trading on Thursday . The company traded as low as $15.70 and last traded at $16.05, with a volume of 419,810 shares changing hands. The stock had previously closed at $16.49.
A number of research analysts have issued reports on WATT shares. Zacks Investment Research cut Energous Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 3rd. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $15.00 price target (up from $13.00) on shares of Energous Corp. in a report on Tuesday, August 16th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Energous Corp. presently has a consensus rating of “Buy” and an average target price of $14.00.
The stock’s market cap is $274.05 million. The company’s 50 day moving average price is $12.93 and its 200 day moving average price is $10.53.
Energous Corp. (NASDAQ:WATT) last posted its quarterly earnings results on Tuesday, August 9th. The company reported ($0.62) earnings per share for the quarter, hitting the consensus estimate of ($0.62). Equities research 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 business’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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.
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