Energous Corporation (NASDAQ:WATT) currently has a daily average trading volume of 2.41M but it saw 4706052 shares traded on Wednesday. With a market cap of 162.84M USD. Stock’s current market price of $3.89 came rising about 7.16 while comparing to the previous closing price of $3.63. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.58 and as low as $0.61. In the recent trading on the day, stock has struck highest price mark of $4.27 while lowest mark touched by it was $3.52.
Taking a look at 20-day trading activity of Energous Corporation (WATT) gives us an average price of $3.42, while its current price level is -15.07% below from 52-week high level whereas it is 537.70% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $3.20 while that of 200 days or SMA-200 reads an average of $2.09. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.71% during that period while stretching the period over a month that decreases to 10.32%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 63.50 which implies that the stock is in neutral territory.
Energous Corporation (WATT)’s stock is currently under the radar of 2 analysts who are in consensus at a 12-month price target range of between $5.00 and $7.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $5.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $7.00. Average price target assigned by them is $6.00 which highlights an upside potential of 35.17% for the stock over that period. And to attain the median price target of $6.00 assigned by those analysts, stock has to add about 35.17% of value to its current levels.
Data by FactSet Research shows that 2 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 2 analysts suggested the investors to Buy the stock while 0 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Buy for the stock and that issued by Wall Street to investors is Strong Buy.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Ladenburg Thalmann which upgraded the stock as “Buy” in its note to investors issued on May 01, 2019, recommending a price target of $6.50 for it. Ladenburg Thalmann downgraded its recommendation for the stock as a “Neutral” from “Buy” on October 31, 2018 while assigning a price target of. Ladenburg Thalmann issued its recommendations for the stock as it reiterated the price target for the stock in the range of between $20 and $32.
Over the week, WATT’s stock price is moving 1.04% up while it is 33.22% when we observe its performance for the past one month. Year-to-date it is 119.77% up and over the past year, the stock is showing an upside performance of 22.33%.
The latest quarterly earnings report issued by the company was for quarter ended 6/29/2020, when its quarterly earnings per share (EPS) of -$0.15 beat the consensus estimate of -$0.2 for the same. The company is expected to be releasing its next quarterly report in 11/04/2020, for which analysts forecasted an EPS of -$0.15 while estimate for next year EPS is -$0.62. For WATT, analysts are forecasting an EPS-growth rate of 51.20% for current year and estimate for EPS growth in next year is 40.30%. In next quarter, company is expected to be making quarterly sales of $360k as analysts are expecting the sales for current fiscal year at $700k and seeing the company making $4.5 million in sales next year. Moreover, analysts are in estimates of $160k for current-quarter revenue.
Currently, Energous Corporation’s total number of outstanding shares is 40.64M with 16.70% of that held by the insiders while 18.92% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -204.30% and return on equity (ROE) at -171.70%. Stock’s beta reads 4.02. Stock has a price to book (P/B) ratio of 7.34 while price to sale or P/S ratio amounts to 542.78. Its return on asset (ROA) is -137.00% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Vanguard Total Stock Market Index came shrinking its share ownership by 0.34% in the Energous Corporation (WATT) increasing its stake to 1.73% with control over 2385.0 shares in the company. As per SEC documents, Vanguard Total Stock Market Index sought 706,614 of company’s common stock of worth $2.18 million as per recent closing price of the stock. Vanguard Total Stock Market Index is not the only institutional holder which restructured its stake in Energous Corporation, as Vanguard Extended Market Index Fu picked 372,208 shares of worth $1.15 million to bring its holdings to a total of 24500.0 shares. In the most recent quarter, Fidelity Small Cap Index Fund came rising its stake by 12.28% in the company and now holds 0.18 million or 0.43% of the company’s stake having worth of about 0.54 million.