Energous Corp. (WATT) Sees Strong Trading Volume
Energous Corp. (NASDAQ:WATT) shares saw unusually-strong trading volume on Thursday . Approximately 870,810 shares were traded during mid-day trading, a decline of 2% from the previous session’s volume of 888,037 shares.The stock last traded at $18.09 and had previously closed at $18.00.
A number of equities analysts have recently weighed in on WATT shares. Zacks Investment Research raised shares of Energous Corp. from a “sell” rating to a “hold” rating in a research report on Saturday, August 13th. Oppenheimer Holdings Inc. reissued 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 assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $14.00.
The company’s market capitalization is $316.49 million. The stock’s 50 day moving average price is $13.94 and its 200-day moving average price is $11.07.
Energous Corp. (NASDAQ:WATT) last announced its earnings results on Tuesday, August 9th. The company reported ($0.62) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.62). Analysts anticipate that Energous Corp. will post ($1.95) EPS for the current 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.
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