What’s Energous Corp Upside After Today’s Bearish Options Activity?

 What's Energous Corp Upside After Today's Bearish Options Activity?

In today’s session Energous Corp (WATT) recorded an unusually high (1,284) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious WATT decrease. With 1,284 contracts traded and 15064 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: WATT161021P00015000 closed last at: $0.45 or 50% up. About 111,671 shares traded hands. Energous Corp (NASDAQ:WATT) has risen 153.02% since March 2, 2016 and is uptrending. It has outperformed by 144.76% the S&P500.

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. $14 is the highest target while $7.75 is the lowest. The $11.58 average target is -33.87% below today’s ($17.51) stock price. Energous Corp has been the topic of 4 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The rating was upgraded by Zacks on Friday, August 14 to “Hold”. The rating was maintained by Oppenheimer on Saturday, August 22 with “Outperform”. The rating was initiated by Ladenburg Thalmann with “Buy” on Monday, December 7. The rating was maintained by Oppenheimer with “Buy” on Monday, September 21.

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 is positive, 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.
Tower Research Capital Llc (Trc) last reported 2,472 shares in the company. Cadence Cap Mgmt Limited Com reported 41,270 shares or 0.04% of all its holdings. Rhumbline Advisers owns 13,154 shares or 0% of their US portfolio. The California-based Blackrock Fund Advisors has invested 0% in Energous Corp (NASDAQ:WATT). Doheny Asset Mngmt Ca, a California-based fund reported 486,900 shares. Ls Inv Advsrs Ltd Llc accumulated 350 shares or 0% of the stock. Parametric Portfolio Limited Liability Company has 21,027 shares for 0% of their US portfolio. Strs Ohio holds 0% or 4,900 shares in its portfolio. Goldman Sachs Grp reported 71,315 shares or 0% of all its holdings. Vanguard Gru last reported 0% of its portfolio in the stock. Thompson Davis Company Inc accumulated 0.18% or 8,750 shares. Deutsche Natl Bank Ag holds 115,945 shares or 0% of its portfolio. Northern Trust Corp has invested 0% of its portfolio in Energous Corp (NASDAQ:WATT). Creative Planning holds 1,533 shares or 0% of its portfolio. Leisure holds 0.31% of its portfolio in Energous Corp (NASDAQ:WATT) for 21,053 shares.

Insider Transactions: Since April 11, 2016, the stock had 0 buys, and 3 sales for $523,812 net activity. $5,062 worth of Energous Corp (NASDAQ:WATT) shares were sold by Gaulding John. 25,000 shares with value of $254,500 were sold by Tamkin Gregory S on Monday, April 11.

Energous Corporation is engaged in developing a technology called WattUp that consists of semiconductor chipsets, software, hardware creates and antennas that can enable radio frequency wire-free charging for electronic devices, providing power at a distance and enabling charging with mobility under software control. The company has a market cap of $317.08 million. 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. It currently has negative earnings.

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.

More notable recent Energous Corp (NASDAQ:WATT) news were published by: Investorplace.com which released: “WATT Is Up in Energous Corp Stock?” on September 26, 2016, also Seekingalpha.com with their article: “Energous: The Time Is Right For A Short Sale” published on October 03, 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 Reuters.com‘s news article titled: “Energous charges up for more wireless licensing deals” with publication date: April 01, 2016.

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