Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Energous (WATT) Stock Price
Media coverage about Energous (NASDAQ:WATT) has been trending somewhat positive on Wednesday, Accern reports. The research firm identifies negative and positive media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Energous earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 46.2263333684687 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern’s rankings:
- These companies want to create truly wireless charging (finance.yahoo.com)
- Energous Demonstrates WattUp RF-Based Wireless Charging Technology at First Annual AirFuel Wireless Power Conference & Developers Forum (finance.yahoo.com)
- Energous Corp (WATT) Director Sells $2,196,000.00 in Stock (americanbankingnews.com)
- Hair-Raising Facts to Know – Energous Corporation (NASDAQ: WATT) – Alpha Beta Stock (alphabetastock.com)
- Cesar Johnston Sells 11,551 Shares of Energous Corp (WATT) Stock (americanbankingnews.com)
Shares of Energous (NASDAQ WATT) opened at $21.48 on Wednesday. Energous has a 12-month low of $6.91 and a 12-month high of $33.50. The firm has a market capitalization of $473.89, a P/E ratio of -9.26 and a beta of 1.40.
A number of equities research analysts have issued reports on the company. ValuEngine cut Energous from a “hold” rating to a “sell” rating in a research report on Wednesday, March 7th. Zacks Investment Research cut Energous from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. National Securities reaffirmed a “buy” rating on shares of Energous in a research report on Friday, February 16th. Roth Capital set a $46.00 target price on Energous and gave the stock a “buy” rating in a research report on Monday, February 19th. Finally, Ladenburg Thalmann Financial Services upped their target price on Energous from $20.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $31.00.
In related news, Director Michael Aaron Leabman sold 100,000 shares of the company’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $21.96, for a total value of $2,196,000.00. Following the completion of the transaction, the director now directly owns 232,279 shares in the company, valued at $5,100,846.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Neeraj Sahejpal sold 2,986 shares of the company’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $33.19, for a total value of $99,105.34. Following the completion of the transaction, the vice president now owns 83,867 shares of the company’s stock, valued at $2,783,545.73. The disclosure for this sale can be found here. Insiders sold 468,633 shares of company stock valued at $11,144,482 over the last three months. 6.30% of the stock is owned by company insiders.
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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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