Energous Corporation (NASDAQ:WATT) issued its earnings results on Tuesday. The industrial products company reported ($0.63) earnings per share for the quarter, meeting the consensus estimate of ($0.63), Bloomberg Earnings reports. Energous Corporation had a negative return on equity of 224.53% and a negative net margin of 2,511.58%.

Energous Corporation (NASDAQ WATT) traded down 3.959% during midday trading on Wednesday, reaching $13.926. The company’s stock had a trading volume of 164,562 shares. The company’s 50-day moving average is $15.61 and its 200 day moving average is $15.29. Energous Corporation has a 12-month low of $11.80 and a 12-month high of $20.55. The firm’s market cap is $287.08 million.

Several equities research analysts have weighed in on the company. ValuEngine upgraded Energous Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded Energous Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. Ladenburg Thalmann Financial Services reiterated a “buy” rating and issued a $18.00 price objective on shares of Energous Corporation in a report on Thursday, May 11th. BidaskClub cut Energous Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Finally, Roth Capital set a $23.00 price objective on Energous Corporation and gave the stock a “buy” rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $19.00.

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In related news, insider Brian J. Sereda sold 11,395 shares of the business’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $16.11, for a total value of $183,573.45. Following the completion of the sale, the insider now owns 133,577 shares in the company, valued at $2,151,925.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Neeraj Sahejpal sold 1,615 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $15.85, for a total value of $25,597.75. Following the completion of the sale, the vice president now owns 104,820 shares of the company’s stock, valued at approximately $1,661,397. The disclosure for this sale can be found here. Insiders sold 24,593 shares of company stock valued at $395,217 in the last quarter. 6.20% of the stock is owned by company insiders.

About Energous Corporation

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.

Earnings History for Energous Corporation (NASDAQ:WATT)

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