Shares of Energous Corp. (NASDAQ:WATT) rose 11.2% during mid-day trading on Monday . The company traded as high as $16.15 and last traded at $16.00, with a volume of 1,064,978 shares trading hands. The stock had previously closed at $14.39.
Several research firms have weighed in on WATT. Zacks Investment Research lowered Energous Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, August 3rd. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $15.00 target price (up from $13.00) on shares of Energous Corp. in a report on Tuesday, August 16th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Energous Corp. has a consensus rating of “Buy” and a consensus target price of $14.00.
The firm’s 50-day moving average is $14.55 and its 200-day moving average is $11.39. The company’s market cap is $273.27 million.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/12/energous-corp-watt-stock-price-up-11-2.html
Energous Corp. (NASDAQ:WATT) last released its quarterly earnings data on Tuesday, August 9th. The company reported ($0.62) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.62). Equities research analysts anticipate that Energous Corp. will post ($1.95) EPS for the current year.
About Energous Corp.
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.
Receive News & Ratings for Energous Corp. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Energous Corp. and related companies with MarketBeat.com’s FREE daily email newsletter.