Energous Corp (NASDAQ:WATT) currently has a daily average trading volume of 6.20M but it saw 1752490 shares traded in last market. With a market cap of 15.27M USD, the company’s current market price of $0.48 came falling about -4.50 while comparing to the previous closing price of $0.50. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.75 and as low as $0.28. In the recent trading on the day, stock has struck highest price mark of $0.4603 while lowest mark touched by it was $0.5241.
Taking a look at 20-day trading activity of Energous Corp (WATT) gives us an average price of $0.7373, while its current price level is -82.46% below from 52-week high level whereas it is 72.07% 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 $0.5596 while that of 200 days or SMA-200 reads an average of $0.9064. A closer look into the stock’s movement over the week reveals that its volatility is standing at 15.48% during that period while stretching the period over a month that increases to 32.24%. 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 46.32 which implies that the stock is in neutral territory.
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 16, 2024, recommending a price target of $2 for it. Ladenburg Thalmann downgraded its recommendation for the stock as a “Neutral” from “Buy” on April 05, 2024 while assigning a price target range of $3.50-$2. Ladenburg Thalmann also issued its recommendations for the stock as it upgraded the price target for the stock is $6.50.
Over the week, WATT’s stock price is moving -17.56% down while it is 55.58% when we observe its performance for the past one month. Year-to-date it is -52.25% down and over the past year, the stock is showing a downside performance of -73.21%.
The company is expected to be releasing its next quarterly report in February, for which analysts forecasted an EPS of -0.74 while estimate for next year EPS is -3.15. Moreover, analysts are in estimates of $500k for current-quarter revenue.
Currently, Energous Corp’s total number of outstanding shares is 31.66M with 3.42% of that held by the insiders while 11.54% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -4348.73% and return on equity (ROE) at -243.94%. Stock’s beta reads 2.31. Stock has a price to book (P/B) ratio of 8.64 while price to sale or P/S ratio amounts to 35.51. Its return on asset (ROA) is -160.32% on average.
