Energous Corp (NASDAQ:WATT) does about 6.31M shares in volume on a normal day but saw 1361267 shares change hands in the recent trading day. The company now has a market cap of 14.56M USD. Its current market price is $0.46, marking no change compared to the previous close of $0.46. The 52 week high reached by this stock is $2.75 whilst the lowest price level in 52 weeks is $0.28.
Energous Corp (WATT) has a 20-day trading average at $0.7614 and the current price is -83.27% off the 52-week high compared with 64.11% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.5520 and its 200-day simple moving average is $0.8784. If we look at the stock’s price movements over the week, volatility stands at 12.48%, which increases to 31.24% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 45.86 to suggest the stock is neutral.
The consensus objective for the share price is $3.25, suggesting that the stock has a potential upside of 85.85% over the period.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 16, 2024 when Ladenburg Thalmann upgraded the stock to “Buy” and issued a price target of $2. Ladenburg Thalmann downgraded the stock to “Neutral” from Buy on April 05, 2024 at a price target of $3.50-$2. Ladenburg Thalmann upgraded its price target at $6.50.
The current price level is -39.58%, -16.67%, and -47.63% away from its SMA20, SMA50, and SMA200 respectively, with the WATT price moving above the 50-day SMA on current market day. Energous Corp (WATT) stock is down -8.91% over the week and 28.85% over the past month. Its price is -54.46% year-to-date and -75.27% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at -0.74 and -3.15 for whole year. In addition, estimates put the company’s current quarterly revenue at an average of $500k.
To reach the target analysts have set, the stock logically needs to grow 85.85 percent from here.
Outstanding shares total 31.66M with insiders holding 3.42% of the shares and institutional holders owning 11.54% of the company’s common stock. The company has a return on investment of -4348.73% and return on equity of -243.94%. The beta has a value of 2.33. Price to book ratio is 8.24 and price to sales ratio is 33.86.
