The stock of Energous Corp (NASDAQ:WATT) is a huge mover today! About 726,012 shares traded hands. Energous Corp (NASDAQ:WATT) has risen 159.74% since February 29, 2016 and is uptrending. It has outperformed by 147.52% the S&P500.
The move comes after 5 months negative chart setup for the $355.19 million company. It was reported on Oct, 4 by Barchart.com. We have $15.57 PT which if reached, will make NASDAQ:WATT worth $49.73M less.
Analysts await Energous Corp (NASDAQ:WATT) to report earnings on November, 8. They expect $-0.44 earnings per share, down 2.33% or $0.01 from last year’s $-0.43 per share. After $-0.62 actual earnings per share reported by Energous Corp for the previous quarter, Wall Street now forecasts -29.03% EPS growth.
Energous Corp (NASDAQ:WATT) Ratings Coverage
Out of 2 analysts covering Energous Corp (NASDAQ:WATT), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Energous Corp has been the topic of 4 analyst reports since August 14, 2015 according to StockzIntelligence Inc. Zacks upgraded the shares of WATT in a report on Friday, August 14 to “Hold” rating. The stock of Energous Corp (NASDAQ:WATT) earned “Buy” rating by Ladenburg Thalmann on Monday, December 7. Oppenheimer maintained the stock with “Outperform” rating in Saturday, August 22 report. Oppenheimer maintained it with “Buy” rating and $13 target price in Monday, September 21 report.
According to Zacks Investment Research, “Energous Corporation is a developer of a disruptive wire-free charging technology. It solutions enables wireless charging or powering of electronic devices at distance. The wireless charging solution, it is developing employs three dimensional (3D) pocketforming. Energous Corporation is headquartered in Pleasanton, California.”
Insitutional Activity: The institutional sentiment increased to 3.71 in Q2 2016. Its up 1.98, from 1.73 in 2016Q1. The ratio increased, as 10 funds sold all Energous Corp shares owned while 4 reduced positions. 30 funds bought stakes while 22 increased positions. They now own 8.85 million shares or 92.55% more from 4.59 million shares in 2016Q1.
Thompson Davis & last reported 8,750 shares in the company. Citigroup has 0% invested in the company for 1,493 shares. Moreover, Nationwide Fund Advisors has 0% invested in Energous Corp (NASDAQ:WATT) for 9,444 shares. Parametric Port Associates Lc, a Washington-based fund reported 21,027 shares. Blackrock Invest Ltd Liability Com last reported 56,535 shares in the company. Quantbot Technologies L P accumulated 1,914 shares or 0% of the stock. Bank Of New York Mellon Corporation has 46,260 shares for 0% of their US portfolio. The Alabama-based Wealthtrust has invested 0.01% in Energous Corp (NASDAQ:WATT). Blackrock Fund has 384,780 shares for 0% of their US portfolio. Parkside Comml Bank And Tru accumulated 1,000 shares or 0.01% of the stock. Doheny Asset Mngmt Ca has 3.17% invested in the company for 486,900 shares. Susquehanna Intl Gru Ltd Liability Partnership has invested 0% of its portfolio in Energous Corp (NASDAQ:WATT). National Bank & Trust Of Montreal Can accumulated 0% or 17,570 shares. The New York-based Jpmorgan Chase & has invested 0% in Energous Corp (NASDAQ:WATT). Strs Ohio owns 4,900 shares or 0% of their US portfolio.
Insider Transactions: Since April 11, 2016, the stock had 0 insider purchases, and 3 sales for $523,812 net activity. 352 shares were sold by Gaulding John, worth $5,062 on Thursday, August 18. 25,000 shares with value of $254,500 were sold by Tamkin Gregory S on Monday, April 11.
More notable recent Energous Corp (NASDAQ:WATT) news were published by: Seekingalpha.com which released: “Energous: The Time Is Right For A Short Sale” on October 03, 2016, also Investorplace.com with their article: “WATT Is Up in Energous Corp Stock?” published on September 26, 2016, Investorplace.com published: “Trade of the Day: Energous Corp (NASDAQ:WATT)” on August 18, 2016. More interesting news about Energous Corp (NASDAQ:WATT) were released by: Seekingalpha.com and their article: “Energous: Don’t Buy The Company’s Story Or Stock” published on January 14, 2016 as well as Prnewswire.com‘s news article titled: “AirFuel Alliance Names Energous to Board of Directors” with publication date: September 26, 2016.
WATT Company Profile
Energous Corporation, incorporated on October 30, 2012, is engaged in developing a technology called WattUp that consists of semiconductor chipsets, software, hardware creates and antennas that can enable radio frequency (RF) wire-free charging for electronic devices, providing power at a distance and enabling charging with mobility under software control. The Company’s business model is to supply silicon components with reference creates and license its WattUp technology to device and chip manufacturers, wireless service providers and other commercial partners to make wire-free charging an option for end users. The Company’s technology can be utilized in a range of devices, including wearables, Internet of Things (IoT) devices, smartphones, tablets, e-book readers, keyboards, mice, remote controls, rechargeable lights, cylindrical batteries and any other device with similar charging requirements that would otherwise need a battery or a connection to a power outlet.
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