Somewhat Positive Press Coverage Somewhat Unlikely to Affect Energous Corporation (WATT) Share Price
Media headlines about Energous Corporation (NASDAQ:WATT) have been trending somewhat positive recently, according to Accern Sentiment. Accern scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Energous Corporation earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 45.0468885595131 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of Energous Corporation (NASDAQ:WATT) traded down 2.39% during midday trading on Thursday, hitting $12.26. 298,697 shares of the stock were exchanged. Energous Corporation has a 52-week low of $8.91 and a 52-week high of $20.55. The stock’s market cap is $268.48 million. The firm’s 50 day moving average price is $11.83 and its 200-day moving average price is $13.95.
Energous Corporation (NASDAQ:WATT) last announced its quarterly earnings data on Tuesday, August 8th. The industrial products company reported ($0.63) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.63). The company had revenue of $0.30 million during the quarter, compared to the consensus estimate of $0.43 million. Energous Corporation had a negative return on equity of 237.18% and a negative net margin of 2,495.17%. On average, equities research analysts expect that Energous Corporation will post ($2.37) earnings per share for the current fiscal year.
Several equities research analysts have commented on WATT shares. Roth Capital set a $23.00 price objective on shares of Energous Corporation and gave the company a “buy” rating in a report on Monday, August 7th. BidaskClub downgraded shares of Energous Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Zacks Investment Research raised shares of Energous Corporation from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Friday, August 11th. Finally, ValuEngine downgraded shares of Energous Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $17.75.
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In related news, VP Neeraj Sahejpal sold 3,705 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $9.31, for a total transaction of $34,493.55. Following the completion of the transaction, the vice president now directly owns 101,115 shares in the company, valued at approximately $941,380.65. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Brian J. Sereda sold 11,395 shares of the business’s stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $16.11, for a total value of $183,573.45. Following the transaction, the insider now owns 133,577 shares of the company’s stock, valued at $2,151,925.47. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,624 shares of company stock valued at $871,142. 6.20% of the stock is currently owned by corporate insiders.
Energous Corporation Company Profile
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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