The stock of Energous Corp (NASDAQ:WATT) is a huge mover today! About 445,677 shares traded hands. Energous Corp (NASDAQ:WATT) has risen 136.00% since March 10, 2016 and is uptrending. It has outperformed by 128.48% the S&P500.
The move comes after 9 months positive chart setup for the $307.92M company. It was reported on Oct, 13 by Barchart.com. We have $47.52 PT which if reached, will make NASDAQ:WATT worth $563.49 million more.
Analysts await Energous Corp (NASDAQ:WATT) to report earnings on November, 8. They expect $-0.44 EPS, down 2.33% or $0.01 from last year’s $-0.43 per share. After $-0.62 actual EPS 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. Oppenheimer maintained it with “Outperform” rating and $13 target price in Saturday, August 22 report. The firm earned “Hold” rating on Friday, August 14 by Zacks. As per Monday, September 21, the company rating was maintained by Oppenheimer. Ladenburg Thalmann initiated the shares of WATT in a report on Monday, December 7 with “Buy” rating.
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 2016 Q2. 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.
Nationwide Fund Advsr has 9,444 shares for 0% of their US portfolio. The Massachusetts-based Cadence Ltd Llc has invested 0.04% in Energous Corp (NASDAQ:WATT). Leisure Capital Management has invested 0.31% of its portfolio in Energous Corp (NASDAQ:WATT). Jane Street Group Incorporated Limited Liability Corp owns 22,308 shares or 0% of their US portfolio. Goldman Sachs Gru accumulated 71,315 shares or 0% of the stock. Blackrock Institutional Tru Na owns 309,342 shares or 0% of their US portfolio. Susquehanna Int Llp reported 23,854 shares or 0% of all its holdings. Raymond James Associate last reported 0% of its portfolio in the stock. Northern Tru holds 155,723 shares or 0% of its portfolio. Doheny Asset Mngmt Ca reported 486,900 shares or 3.17% of all its holdings. Moreover, Jefferies Group Ltd has 0% invested in Energous Corp (NASDAQ:WATT) for 25,000 shares. Hood River Capital Mngmt Limited Liability Corp has 597,065 shares for 1.03% of their US portfolio. Legal & General Group Inc Pcl last reported 4,471 shares in the company. Barclays Plc, a United Kingdom-based fund reported 9,846 shares. Bancorp Of America De accumulated 1,230 shares or 0% of the stock.
Insider Transactions: Since June 1, 2016, the stock had 0 insider buys, and 2 sales for $269,312 net activity. $264,250 worth of shares were sold by Tamkin Gregory S on Wednesday, June 1. 352 shares were sold by Gaulding John, worth $5,062 on Thursday, August 18.
More notable recent Energous Corp (NASDAQ:WATT) news were published by: Seekingalpha.com which released: “Energous Corp – Founder & His Family Yell Sell” on October 11, 2016, also Investorplace.com with their article: “Trade of the Day: Energous Corp (NASDAQ:WATT)” published on August 18, 2016, Seekingalpha.com published: “Energous: Don’t Buy The Company’s Story Or Stock” on January 14, 2016. More interesting news about Energous Corp (NASDAQ:WATT) were released by: Investorplace.com and their article: “WATT Is Up in Energous Corp Stock?” published on September 26, 2016 as well as Zacks.com‘s news article titled: “Why Is Energous Corp. (WATT) Stock Charged Up Today?” with publication date: March 29, 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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