The stock of Energous Corporation (NASDAQ:WATT) decreased by -$0.04 on Tuesday to finish at $0.17, down -18.44 percent. The last five days have seen an average of 1,340,900 shares of common stock traded. 8 times new highs were reached in the current year, with a fall of -$0.6648. The average number of shares traded over the last 20 days was 777,625, while the average volume over the last 50 days totaled 858,138.
WATT stock dropped -30.83% since last month. On 08/15/23, the company’s shares reached a one-month low of $0.1700. The stock touched a high of $1.57 on 01/18/23, after rallying from a low of $0.18 in 52 weeks. The price of WATT stock has declined by -79.52% or -$0.6648 this year, reaching a new high 8 times. Still, the stock price is down -89.08% from the 52-week high.
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Insider Transactions
WATT stock investors should be aware that Energous Corporation (WATT) stock had its last reported insider trading activity 76 days ago on Jun 01. On Jun 01, Acting CFO (Interim) MANNINA WILLIAM T sold 22,356 shares at $0.30 each. This transaction resulted in the insider making $6,640. On May 15, MANNINA WILLIAM T sold 3,981 shares at a price of US$0.30. After the transaction, the insider now owns 204,228 shares. Chief Executive Officer Johnston Cesar had earlier sold 4,450 shares on Mar 06 for $0.59 a share. The transaction was completed for $2,626.
Valuation Metrics
Beta for the stock is 2.53. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 23.91, the price-to-book (PB) ratio of 0.66.
Financial Health
For the three months ended June 29, Energous Corporation’s quick ratio was 4.00, while its current ratio was 4.00, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is -65.70% percent. Based on annual data, it had gross profit of -$0.43 million and revenue of $0.85 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. WATT’s return on assets (ROA) during the last 12 months has been -78.70%. There was a -108.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -95.80%.
Earnings Surprise
According to Energous Corporation’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at -$0.49 million, while revenues rose by 144.9% to $0.18 million. It was predicted that Energous Corporation’s quarterly earnings would be -$0.06, but it ended up being -$0.07, beating the consensus by 14.30%. EBITDA was -$6.07 million for the quarter. At the end of Energous Corporation’s most recent quarter ended June 29, its liabilities totaled 7.93 million, while its total debt was $1.62 million. Equity owned by shareholders amounts to $91.06 million.
Technical Picture
Here’s a quick look at Energous Corporation’s (WATT) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 25.18%, suggesting the stock is oversold, with a 145.56% historical volatility rate.
The stochastic %K and %D were 9.39% and 21.47% respectively, while the average true range (ATR) was 0.0263. Based on the 14-day stochastic reading of 1.09%, the RSI (14) reading is 30.49%. On the 9-day MACD Oscillator, the stock is at -0.0279, and the 14-day reading is at -0.0298.
Analyst Ratings
In its most recent analyst report, Ladenburg Thalmann raised its rating on Energous Corporation (NASDAQ: WATT) to a Buy. Prior to this, analysts firm rated the stock as a Neutral.
