The stock of Energous Corp (NASDAQ:WATT) is a huge mover today! About 627,010 shares traded hands or 6.63% up from the average. Energous Corp (NASDAQ:WATT) has risen 39.59% since April 27, 2016 and is uptrending. It has outperformed by 34.36% the S&P500.
The move comes after 9 months positive chart setup for the $305.68 million company. It was reported on Nov, 30 by Barchart.com. We have $17.32 PT which if reached, will make NASDAQ:WATT worth $18.34M more.
Analysts await Energous Corp (NASDAQ:WATT) to report earnings on March, 9. They expect $-0.52 earnings per share, up 14.75% or $0.09 from last year’s $-0.61 per share. After $-0.57 actual earnings per share reported by Energous Corp for the previous quarter, Wall Street now forecasts -8.77% 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. The stock of Energous Corp (NASDAQ:WATT) earned “Buy” rating by Ladenburg Thalmann on Monday, December 7. The stock of Energous Corp (NASDAQ:WATT) earned “Outperform” rating by Oppenheimer on Saturday, August 22. The stock has “Hold” rating given by Zacks on Friday, August 14. Oppenheimer maintained Energous Corp (NASDAQ:WATT) rating on Monday, September 21. Oppenheimer has “Buy” rating and $13 price target.
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 decreased to 2.05 in 2016 Q2. Its down 1.66, from 3.71 in 2016Q1. The ratio is negative, 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.
California State Teachers Retirement holds 0% of its portfolio in Energous Corp (NASDAQ:WATT) for 31,081 shares. Blackrock Fund owns 384,780 shares or 0% of their US portfolio. Rhumbline Advisers has invested 0% of its portfolio in Energous Corp (NASDAQ:WATT). Bnp Paribas Arbitrage owns 586 shares or 0% of their US portfolio. Kcg Inc, a New Jersey-based fund reported 44,145 shares. Nationwide Fund Advsr has invested 0% of its portfolio in Energous Corp (NASDAQ:WATT). Awm Inv Communication holds 1.78% of its portfolio in Energous Corp (NASDAQ:WATT) for 644,271 shares. Vanguard Gp Inc has 0% invested in the company for 504,743 shares. Schwab Charles Invest Mgmt reported 23,500 shares or 0% of all its holdings. Barclays Public Ltd accumulated 9,846 shares or 0% of the stock. Creative Planning owns 1,533 shares or 0% of their US portfolio. State Bank Of Montreal Can has 17,570 shares for 0% of their US portfolio. Blackrock last reported 541 shares in the company. Peak6 Invests Limited Partnership last reported 0% of its portfolio in the stock. American International has 8,532 shares for 0% of their US portfolio.
Insider Transactions: Since June 1, 2016, the stock had 0 insider buys, and 5 sales for $932,959 net activity. Another trade for 1,853 shares valued at $25,664 was made by Sereda Brian J on Friday, September 30. Tamkin Gregory S also sold $264,250 worth of Energous Corp (NASDAQ:WATT) on Wednesday, June 1. $829,390 worth of Energous Corp (NASDAQ:WATT) was sold by Johnston Cesar on Friday, September 30. Gaulding John also sold $11,233 worth of Energous Corp (NASDAQ:WATT) on Friday, September 30. Another trade for 4,396 shares valued at $61,610 was made by Leabman Michael Aaron on Friday, September 30.
More notable recent Energous Corp (NASDAQ:WATT) news were published by: Reuters.com which released: “BRIEF-Energous Corp says US Patent Office rejects challenge to Energous …” on November 30, 2016, also Seekingalpha.com with their article: “Energous Corp – Founder & His Family Yell Sell” published on October 11, 2016, Seekingalpha.com published: “Energous: An Attractive Risk-Reward Play” on November 17, 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 Seekingalpha.com‘s news article titled: “Energous opens 4.8% higher, issues note on patent challenge” with publication date: November 30, 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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