Energous Corp Can’t Burn Your Long Portfolio. Option Traders are Bullish

 Energous Corp Can't Burn Your Long Portfolio. Option Traders are Bullish

In today’s session Energous Corp (WATT) registered an unusually high (231) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious WATT increase. With 231 contracts traded and 194 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: WATT170120C00017500 closed last at: $1.2 or 50% up. About 146,865 shares traded hands. Energous Corp (NASDAQ:WATT) has risen 47.59% since April 25, 2016 and is uptrending. It has outperformed by 41.58% the S&P500.

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 company was initiated on Monday, December 7 by Ladenburg Thalmann. Oppenheimer maintained Energous Corp (NASDAQ:WATT) on Saturday, August 22 with “Outperform” rating. Zacks upgraded Energous Corp (NASDAQ:WATT) rating on Friday, August 14. Zacks has “Hold” rating and $7.75 price target. The stock has “Buy” rating given by Oppenheimer 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 decreased to 2.05 in 2016 Q2. Its down 1.66, from 3.71 in 2016Q1. The ratio dropped, 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 Ltd Llc (Trc) holds 0% or 2,472 shares in its portfolio. Morgan Stanley holds 25,395 shares or 0% of its portfolio. Blackrock Inv Mngmt last reported 56,535 shares in the company. Peak6 Ltd Partnership has 6,000 shares for 0% of their US portfolio. Thompson Davis Incorporated accumulated 0.18% or 8,750 shares. Northern Tru last reported 155,723 shares in the company. Royal Bank Of Canada has 0% invested in the company for 20,968 shares. Hightower Advsrs Limited Liability last reported 11,825 shares in the company. Moreover, Schwab Charles Invest Mngmt has 0% invested in Energous Corp (NASDAQ:WATT) for 23,500 shares. Incorporated holds 0% or 8,532 shares in its portfolio. The New York-based Financial Bank Of Mellon has invested 0% in Energous Corp (NASDAQ:WATT). Citadel Advsrs Limited Liability Company has invested 0% of its portfolio in Energous Corp (NASDAQ:WATT). Blackrock Institutional Communications Na last reported 0% of its portfolio in the stock. Legal General Public Ltd Co reported 4,471 shares or 0% of all its holdings. Vanguard Grp has invested 0% of its portfolio in Energous Corp (NASDAQ:WATT).

Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 5 insider sales for $932,959 net activity. Johnston Cesar also sold $829,390 worth of Energous Corp (NASDAQ:WATT) shares. $264,250 worth of shares were sold by Tamkin Gregory S on Wednesday, June 1. 1,853 shares were sold by Sereda Brian J, worth $25,664 on Friday, September 30. 352 shares with value of $5,062 were sold by Gaulding John on Thursday, August 18. Shares for $61,610 were sold by Leabman Michael Aaron.

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 $297.96 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: Seekingalpha.com which released: “Energous Corp – Founder & His Family Yell Sell” on October 11, 2016, also Seekingalpha.com with their article: “Energous: An Attractive Risk-Reward Play” published on November 17, 2016, Investorplace.com published: “WATT Is Up in Energous Corp Stock?” on September 26, 2016. More interesting news about Energous Corp (NASDAQ:WATT) were released by: Seekingalpha.com and their article: “Still Plenty Of Upside In Energous Shares With Commercialization Imminent” published on October 25, 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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