Stock analysts at StockNews.com initiated coverage on shares of Energous (NASDAQ:WATT – Get Rating) in a research note issued on Thursday. The brokerage set a “sell” rating on the industrial products company’s stock.
Energous Price Performance
Shares of NASDAQ:WATT opened at $0.54 on Thursday. The company has a market cap of $42.16 million, a P/E ratio of -1.59 and a beta of 2.64. Energous has a 1 year low of $0.51 and a 1 year high of $1.57. The stock’s fifty day moving average price is $0.75 and its 200-day moving average price is $0.95.
Insider Activity at Energous
In other Energous news, CEO Cesar Johnston sold 48,238 shares of the company’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $0.56, for a total value of $27,013.28. Following the completion of the sale, the chief executive officer now owns 797,461 shares in the company, valued at $446,578.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 78,855 shares of company stock worth $50,209. 1.20% of the stock is owned by insiders.
Institutional Investors Weigh In On Energous
Energous Company Profile
Energous Corp. engages in the development of wireless charging technology. It focuses on the product, WattUp, a wireless power technology consisting of proprietary semiconductor chipsets, software controls, hardware designs, and antennas, that enables radio frequency based charging for electronic devices.
- Get a free copy of the StockNews.com research report on Energous (WATT)
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