Energous Corp. (WATT) Stock Price Up 7.4%
Shares of Energous Corp. (NASDAQ:WATT) rose 7.4% on Monday . The stock traded as high as $18.58 and last traded at $17.97, with a volume of 1,178,422 shares trading hands. The stock had previously closed at $16.73.
WATT has been the subject of several recent research reports. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $15.00 price objective (up previously from $13.00) on shares of Energous Corp. in a research report on Tuesday, August 16th. Zacks Investment Research raised Energous Corp. from a “sell” rating to a “hold” rating in a research note on Saturday, August 13th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $14.00.
The stock’s 50-day moving average is $13.46 and its 200-day moving average is $10.92. The firm’s market cap is $290.40 million.
Energous Corp. (NASDAQ:WATT) last released its quarterly earnings results on Tuesday, August 9th. The company reported ($0.62) earnings per share for the quarter, meeting the consensus estimate of ($0.62). Equities analysts anticipate that Energous Corp. will post ($1.95) EPS for the current fiscal year.
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.