Energous (NASDAQ:WATT) Now Covered by StockNews.com

StockNews.com started coverage on shares of Energous (NASDAQ:WATT) in a research report report published on Thursday. The brokerage issued a sell rating on the industrial products company’s stock.

Separately, LADENBURG THALM/SH SH lowered Energous from a buy rating to a neutral rating and cut their price target for the company from $3.50 to $2.00 in a report on Friday, April 5th.

Energous Stock Performance

WATT stock opened at $1.47 on Thursday. Energous has a fifty-two week low of $1.30 and a fifty-two week high of $8.00. The company has a market cap of $8.94 million, a price-to-earnings ratio of -0.36 and a beta of 2.64. The business’s 50-day moving average is $1.76 and its two-hundred day moving average is $1.85.

Energous (NASDAQ:WATT) last announced its earnings results on Thursday, March 28th. The industrial products company reported ($0.81) earnings per share (EPS) for the quarter. The business had revenue of $0.09 million for the quarter. Energous had a negative net margin of 4,077.47% and a negative return on equity of 126.05%. Equities analysts predict that Energous will post -3.43 earnings per share for the current year.

Energous Company Profile

Energous Corporation develops wireless charging applications. The company develops WattUp wireless power technology that consists of semiconductor chipsets, software controls, hardware designs, and antennas that enables radio frequency-based charging for electronic devices. Its products are used in building and home automation, electronic shelf labels, industrial IoT sensors, surface and implanted medical devices, tracking devices, hearables, wearables, consumer electronics, and public safety applications.