Energous Corp. (WATT) Reaches New 12-Month High at $20.13
Energous Corp. (NASDAQ:WATT)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $20.13 and last traded at $19.43, with a volume of 2,451,039 shares. The stock had previously closed at $18.57.
Several equities analysts have weighed in on WATT shares. Zacks Investment Research raised Energous Corp. from a “sell” rating to a “hold” rating in a research report on Saturday, August 13th. Oppenheimer Holdings reissued an “outperform” rating and set a $15.00 price target (up previously from $13.00) on shares of Energous Corp. in a research report on Tuesday, August 16th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $14.00.
The stock has a 50 day moving average of $13.94 and a 200-day moving average of $11.07. The firm’s market cap is $327.40 million.
Energous Corp. (NASDAQ:WATT) last issued its quarterly earnings data on Tuesday, August 9th. The company reported ($0.62) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.62). On average, equities analysts expect 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.