Energous Corp. (WATT) Stock Price Up 11.2%


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.

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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.

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