At the last check on Friday, Energous Corporation’s (NASDAQ:WATT) stock was down -$0.02, moving down -6.30 percent to $0.25. The average number of shares traded per day over the past five days has been 715,488 shares. 4 times new highs have been achieved over the past 5 days, with a $0.0245 gain in that time frame. In the last twenty days, the average volume was 829,637, while in the previous 50 days, it was 747,207.
Since last month, WATT stock rose 3.07%. Shares of the company fell to $0.2070 on 07/26/23, the lowest level in the past month. A 52-week high of $1.57 was reached on 01/18/23 after having rallying from a 52-week low of $0.18. Since the beginning of this year, WATT’s stock price has dropped by -70.29% or -$0.5875, and marked a new high 8 times. However, the stock has declined by -84.15% since its 52-week high.
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WATT stock investors should be aware that Energous Corporation (WATT) stock had its last reported insider trading activity 64 days ago on Jun 01. MANNINA WILLIAM T, the Acting CFO (Interim) of the company, disposed of 22,356 shares for $0.30 on Jun 01. It resulted in a $6,640 divestment by the insider. MANNINA WILLIAM T sold 3,981 shares at an average price of $0.30 on May 15. The insider now owns 204,228 shares following the transaction. On Mar 06, Chief Executive Officer Johnston Cesar sold 4,450 shares at $0.59 apiece. The transaction was valued at $2,626.
Valuation Metrics
The stock’s beta is 2.49. Besides these, the trailing price-to-sales (P/S) ratio of 32.32, the price-to-book (PB) ratio of 0.96.
Financial Health
In the three months ended March 30, Energous Corporation’s quick ratio stood at 4.00, while its current ratio was 4.00, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is -65.70% percent. Based on annual data, WATT earned -$0.43 million in gross profit and brought in $0.85 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -108.50%. Return on equity (ROE) for the past 12 months was -94.00%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. WATT’s revenue rose 144.9% to $0.18 million during the quarter, while net income inched up to -$0.49 million. While analysts expected Energous Corporation to report -$0.07 quarterly earnings, the actual figure was -$0.06 per share, beating the consensus estimate by 14.30%. During the quarter, the company generated -$6.07 million in EBITDA. The liabilities of Energous Corporation were 7.93 million at the end of its most recent quarter ended March 30, and its total debt was $1.79 million. The value of shareholders’ equity is $91.06 million.
Technical Picture
This quick technical analysis looks at Energous Corporation’s (WATT) price momentum. With a historical volatility rate of 121.52%, the RSI 9-day stood at 53.62% on 03 August.
With respect to its five-day moving average, the current Energous Corporation price is up by +10.94% percent or $0.0245. At present, WATT shares trade +3.63% above its 20-day simple moving average and -55.05% percent below its 100-day simple moving average. However, the stock is currently trading approximately -29.00% below its SMA50 and -75.64% below its SMA200.
Stochastic coefficient K was 70.88% and Stochastic coefficient D was 71.17%, while ATR was 0.0240. Given the Stochastic reading of 56.85% for the 14-day period, the RSI (14) reading has been calculated as 49.63%. As of today, the MACD Oscillator reading stands at 0.0165, while the 14-day reading stands at 0.0164.
Analyst Ratings
Ladenburg Thalmann upgraded its rating on Energous Corporation (NASDAQ: WATT) to a Buy in a note to investors on May 01, 2019. The analysts firm previously had a Neutral rating on the stock.Energous Corporation (WATT) has been rated Buy by analysts. According to 0 brokerage firms, WATT is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Energous Corporation stock as buy, with 2 recommending it as overweight.
With a median target price of $1.38, the current consensus forecast for the stock is $1.00 – $1.75. Based on these forecasts, analysts predict Energous Corporation (WATT) will achieve an average price target of $1.38.
