Energous Corp (NASDAQ:WATT) does about 1.16M shares in volume on a normal day but saw 819516 shares change hands in the recent trading day. The company now has a market cap of 9.98M USD. Its current market price is $0.29, marking an increase of 0.55% compared to the previous close of $0.29. The 52 week high reached by this stock is $2.70 whilst the lowest price level in 52 weeks is $0.12.
The consensus objective for the share price is $3.25, suggesting that the stock has a potential upside of 91.08% 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 4.74%, 5.34%, and -38.45% away from its SMA20, SMA50, and SMA200 respectively, with the WATT price moving below the 50-day SMA on current market day. Energous Corp (WATT) stock is up 3.03% over the week and 2.88% over the past month. Its price is -71.04% year-to-date and -79.18% over the past year.
To reach the target analysts have set, the stock logically needs to grow 91.08 percent from here.
Outstanding shares total 34.14M with insiders holding 0.39% of the shares and institutional holders owning 1.91% of the company’s common stock. The company has a return on investment of -145.04% and return on equity of -182.14%. The beta has a value of 0.74. Price to book ratio is 1.00 and price to sales ratio is 9.50.
