Price Action to Note: What’s Ahead for Energous Corp After Today’s Big Increase?

Price Action to Note: What's Ahead for Energous Corp After Today's Big Increase?

The stock of Energous Corp (NASDAQ:WATT) is a huge mover today! About 475,694 shares traded hands. Energous Corp (NASDAQ:WATT) has risen 31.38% since April 5, 2016 and is uptrending. It has outperformed by 29.42% the S&P500.
The move comes after 9 months positive chart setup for the $274.33M company. It was reported on Nov, 7 by Barchart.com. We have $31.90 PT which if reached, will make NASDAQ:WATT worth $320.97 million more.

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. The stock has “Buy” rating given by Ladenburg Thalmann on Monday, December 7. As per Friday, August 14, the company rating was upgraded by Zacks. On Saturday, August 22 the stock rating was maintained by Oppenheimer with “Outperform”. Oppenheimer maintained the shares of WATT in a report on Monday, September 21 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 Q2 2016. Its up 1.98, from 1.73 in 2016Q1. The ratio improved, 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.
Nelson Van Denburg And Campbell Wealth Mgmt Gp Ltd Company accumulated 500 shares or 0% of the stock. Ls Inv Advsrs Ltd Liability Company owns 350 shares or 0% of their US portfolio. Quantbot L P has 0% invested in the company for 1,914 shares. Cwm Limited Liability Corporation holds 0% or 100 shares in its portfolio. Geode Capital Mgmt Limited Liability Corp reported 89,546 shares or 0% of all its holdings. Susquehanna Gru Ltd Liability Partnership reported 23,854 shares or 0% of all its holdings. Blackrock reported 541 shares or 0% of all its holdings. Strs Ohio reported 4,900 shares or 0% of all its holdings. Teachers Advsr holds 24,113 shares or 0% of its portfolio. Tiaa Cref Invest Mgmt Lc owns 49,208 shares or 0% of their US portfolio. Bank Of America De reported 1,230 shares or 0% of all its holdings. Comml Bank Of Montreal Can accumulated 0% or 17,570 shares. Jefferies Group Inc Limited Liability Company last reported 25,000 shares in the company. Leisure Capital Management last reported 21,053 shares in the company. Amer Intl Grp accumulated 0% or 8,532 shares.

Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 2 selling transactions for $269,312 net activity. 352 shares were sold by Gaulding John, worth $5,062 on Thursday, August 18. 25,000 shares were sold by Tamkin Gregory S, worth $264,250 on Wednesday, June 1.

More notable recent Energous Corp (NASDAQ:WATT) news were published by: Seekingalpha.com which released: “Silence Is Golden For Energous” on November 04, 2016, also Seekingalpha.com with their article: “Energous: Don’t Buy The Company’s Story Or Stock” published on January 14, 2016, Zacks.com published: “Why Is Energous Corp. (WATT) Stock Charged Up Today?” on March 29, 2016. More interesting news about Energous Corp (NASDAQ:WATT) were released by: Investorplace.com and their article: “Trade of the Day: Energous Corp (NASDAQ:WATT)” published on August 18, 2016 as well as Seekingalpha.com‘s news article titled: “Energous Corp – Founder & His Family Yell Sell” with publication date: October 11, 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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