What Can We Learn From Energous Corporation(WATT)’s Valuation Ratios?

Energous Corporation (NASDAQ:WATT) finished Wednesday with an addition of $0.09 to close at $2.12, an upside of 4.43 percent. An average of 794,700 shares of common stock have been traded in the last five days. There was a gain of $0.12 in the past week. The last 20 days have seen an average of 743,155 shares traded, while the 50-day average volume stands at 766,404.

WATT stock has decreased by -5.36% in the last month. The company shares reached their 1-month lowest point of $1.94 on 10/12/21. With the stock rallying to its 52-week high on 02/19/21, shares of the company touched a low of $1.71 and a high of $7.69 in 52 weeks. In spite of this, the price is down -72.43% from the 52-week high.


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Insider Transactions

20 days have passed since Energous Corporation (WATT) last reported insider trading activity. MANNINA WILLIAM T, who is Acting CFO (Interim), most recently acquired $556 shares at $2.15 per share on Sep 24. In this transaction, the insider spent $1,195. Acting CEO, Johnston Cesar, disposed of 21,213 shares at a price of $2.39 on Aug 13. The insider now owns more than $50,699 worth of shares. Prior to that, Senior VP, Product Marketing Sahejpal Neeraj went on to Sale 15,265 shares at $2.39 each on Aug 13. An amount of $36,483 was transacted.

Valuation Metrics

Energous Corporation (WATT) has a trailing price-to-earnings (P/E) ratio of 23.30 for the broader industry and 37.24 for the sector. The stock’s beta is 3.30. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 266.48, the price-to-book (PB) ratio at 3.66.

The quick ratio of Energous Corporation for the three months ended June 29 was 9.60, and the current ratio was 9.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Energous Corporation’s EBITDA margin for the year ending June 29 is -9402.34%. Its gross profit as reported stood at $0.2 million compared to revenue of $0.33 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Energous Corporation’s return on assets was -84.40%, compared to -169.4% over the last five years. In the past year, the return on investment has been -65.00%, and the 5-year average is -204.6%. Meanwhile, the return on equity (ROE) for the past 12 months has been -94.10% and the 5-year average holds at -208.0%. For the broader industry, ROE averaged 3.62 over the past year.

Earnings Surprise

The analyst consensus anticipated Energous Corporation’s latest quarter earnings to come in at -$0.12 per share, but it turned out to be -$0.18, a -50.00% surprise. For the quarter, EBITDA amounted to -$11.15 million. Shareholders own equity worth $62.88 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Energous Corporation (WATT) price momentum. RSI 9-day as of the close on 13 October was 53.56%, suggesting the stock is Neutral, with historical volatility in this time frame at 36.48%.

As of today, WATT’s price is $2.02 +6.00% or $0.12 from its 5-day moving average. WATT is currently trading -4.50% lower than its 20-day SMA and -21.19% lower than its 100-day SMA. However, the stock’s current price level is -14.86% below the SMA50 and +4.43% above the SMA200.

The stochastic %K and %D were 29.66% and 16.22%, respectively, and the average true range (ATR) was 0.09. With the 14-day stochastic at 57.14% and the average true range at 0.10, the RSI (14) stands at 48.09%. The stock has reached 0.00 on the 9-day MACD Oscillator while the 14-day reading was at -0.03.

Analyst Ratings

Ladenburg Thalmann upgraded Energous Corporation (NASDAQ: WATT) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a a Neutral.The consensus rating for Energous Corporation (WATT) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell WATT, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.

What is WATT’s price target for the next 12 months?

Analysts predict a range of price targets between $4.00 and $6.00, with a median target of $5.00. Taking a look at these predictions, the average price target given by analysts for Energous Corporation (WATT) stock is $5.00.

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