The stock of Energous Corp (NASDAQ:WATT) is a huge mover today! The stock increased 5.07% or $0.78 on November 23, hitting $16.15. About 695,677 shares traded hands or 15.85% up from the average. Energous Corp (NASDAQ:WATT) has risen 46.95% since April 22, 2016 and is uptrending. It has outperformed by 41.54% the S&P500.
The move comes after 5 months positive chart setup for the $317.01M company. It was reported on Nov, 24 by Barchart.com. We have $17.44 PT which if reached, will make NASDAQ:WATT worth $25.36 million more.
Analysts await Energous Corp (NASDAQ:WATT) to report earnings on March, 9. They expect $-0.52 EPS, up 14.75% or $0.09 from last year’s $-0.61 per share. After $-0.57 actual EPS 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. Oppenheimer maintained Energous Corp (NASDAQ:WATT) on Monday, September 21 with “Buy” rating. On Friday, August 14 the stock rating was upgraded by Zacks to “Hold”. The firm earned “Buy” rating on Monday, December 7 by Ladenburg Thalmann. The firm has “Outperform” rating given on Saturday, August 22 by Oppenheimer.
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 Q2 2016. 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.
The New York-based Goldman Sachs Grp has invested 0% in Energous Corp (NASDAQ:WATT). Royal Savings Bank Of Canada has 20,968 shares for 0% of their US portfolio. The California-based California State Teachers Retirement has invested 0% in Energous Corp (NASDAQ:WATT). Blackrock Invest Management Limited Liability last reported 56,535 shares in the company. Hightower Advsrs Llc holds 0% of its portfolio in Energous Corp (NASDAQ:WATT) for 11,825 shares. Peak6 Invests Lp holds 6,000 shares or 0% of its portfolio. Nationwide Fund Advisors has 0% invested in the company for 9,444 shares. The Kansas-based Creative Planning has invested 0% in Energous Corp (NASDAQ:WATT). The New York-based Morgan Stanley has invested 0% in Energous Corp (NASDAQ:WATT). Northern Tru holds 155,723 shares or 0% of its portfolio. Hood River Management Limited Liability has invested 1.03% of its portfolio in Energous Corp (NASDAQ:WATT). Wells Fargo Mn reported 7,500 shares or 0% of all its holdings. Vanguard Gru accumulated 504,743 shares or 0% of the stock. Moreover, Blackrock has 0% invested in Energous Corp (NASDAQ:WATT) for 541 shares. The Massachusetts-based Cadence Mngmt Limited Liability has invested 0.04% in Energous Corp (NASDAQ:WATT).
Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 6 insider sales for $1.20 million net activity. $5,062 worth of shares were sold by Gaulding John on Thursday, August 18. Leabman Michael Aaron also sold $61,610 worth of Energous Corp (NASDAQ:WATT) on Friday, September 30. 58,164 shares with value of $829,390 were sold by Johnston Cesar on Friday, September 30. The insider Tamkin Gregory S sold $264,250. Shares for $25,664 were sold by Sereda Brian J.
More recent Energous Corp (NASDAQ:WATT) news were published by: Seekingalpha.com which released: “Energous: An Attractive Risk-Reward Play” on November 17, 2016. Also Investorplace.com published the news titled: “WATT Is Up in Energous Corp Stock?” on September 26, 2016. Seekingalpha.com‘s news article titled: “Energous Corp – Founder & His Family Yell Sell” with publication date: October 11, 2016 was also an interesting one.
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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