Energous (NASDAQ:WATT) Share Price Crosses Below Fifty Day Moving Average of $1.52

Energous Co. (NASDAQ:WATTGet Free Report)’s stock price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $1.52 and traded as low as $1.35. Energous shares last traded at $1.38, with a volume of 35,482 shares traded.

Wall Street Analysts Forecast Growth

WATT has been the subject of a number of recent research reports. LADENBURG THALM/SH SH raised Energous from a “neutral” rating to a “buy” rating and set a $2.00 target price for the company in a research report on Thursday, May 16th. StockNews.com began coverage on Energous in a report on Thursday, May 2nd. They issued a “sell” rating for the company. Finally, Roth Mkm cut their price target on Energous from $4.00 to $2.50 and set a “buy” rating for the company in a report on Thursday, May 16th.

Check Out Our Latest Analysis on WATT

Energous Price Performance

The stock has a fifty day moving average price of $1.52 and a 200 day moving average price of $1.77. The stock has a market capitalization of $9.03 million, a P/E ratio of -0.38 and a beta of 2.64.

Energous (NASDAQ:WATTGet Free Report) last posted its quarterly earnings results on Tuesday, May 14th. The industrial products company reported ($0.83) EPS for the quarter, topping analysts’ consensus estimates of ($0.94) by $0.11. Energous had a negative return on equity of 152.22% and a negative net margin of 4,369.68%. The firm had revenue of $0.06 million during the quarter, compared to analyst estimates of $0.19 million. Research analysts anticipate that Energous Co. will post -3.24 earnings per share for the current year.

Energous Company Profile

(Get Free Report)

Energous Corporation provides wireless charging system solutions in the United States. The company develops WattUp wireless power networks technology that consists of semiconductor chipsets; software controls; hardware designs; and antennas that enables radio frequency-based charging for Internet of Things devices.

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