Somewhat Negative Press Coverage Somewhat Unlikely to Affect Energous Corporation (WATT) Stock Price
Media headlines about Energous Corporation (NASDAQ:WATT) have trended somewhat negative this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Energous Corporation earned a media sentiment score of -0.01 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 44.7303197182951 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Looking at the Big Picture for Energous Corporation (WATT) – StockNewsGazette (stocknewsgazette.com)
- Energous Corp. :WATT-US: Earnings Analysis: Q2, 2017 By the Numbers : August 24, 2017 (finance.yahoo.com)
- Energous Corporation (WATT) VP Sells $91,170.60 in Stock (americanbankingnews.com)
- Is The Needle Ready to Move For Energous Corp (WATT) Shares? – FLBC News (flbcnews.com)
- Energous Corp (WATT) Indicator Spells Strong Upward Momentum – FLBC News (flbcnews.com)
Shares of Energous Corporation (NASDAQ:WATT) traded down 6.10% on Friday, reaching $9.55. The company’s stock had a trading volume of 743,579 shares. The stock’s market cap is $209.14 million. The firm has a 50 day moving average price of $13.80 and a 200-day moving average price of $14.80. Energous Corporation has a 12-month low of $8.91 and a 12-month high of $20.55.
Energous Corporation (NASDAQ:WATT) last released its earnings results on Tuesday, August 8th. The industrial products company reported ($0.63) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.63). Energous Corporation had a negative return on equity of 237.18% and a negative net margin of 2,495.17%. The company had revenue of $0.30 million for the quarter, compared to analysts’ expectations of $0.43 million. Equities research analysts expect that Energous Corporation will post ($2.37) EPS for the current year.
Several equities research analysts recently commented on the company. Zacks Investment Research cut Energous Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, August 19th. ValuEngine cut Energous Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. BidaskClub cut Energous Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Roth Capital set a $23.00 price objective on Energous Corporation and gave the company a “buy” rating in a research report on Monday, August 7th. Finally, Ladenburg Thalmann Financial Services reaffirmed a “buy” rating and set a $18.00 price objective on shares of Energous Corporation in a research report on Thursday, May 11th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $17.75.
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In other Energous Corporation news, VP Neeraj Sahejpal sold 1,615 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $15.85, for a total transaction of $25,597.75. Following the transaction, the vice president now owns 104,820 shares in the company, valued at approximately $1,661,397. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Cesar Johnston sold 9,443 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $16.11, for a total value of $152,126.73. Following the transaction, the vice president now owns 123,133 shares in the company, valued at approximately $1,983,672.63. The disclosure for this sale can be found here. Insiders have sold a total of 48,512 shares of company stock worth $618,776 in the last quarter. 6.20% of the stock is currently owned by insiders.
About Energous Corporation
Energous Corporation is engaged in developing a technology called WattUp that consists of semiconductor chipsets, software, hardware designs and antennas that can enable radio frequency (RF)-based wire-free charging for electronic devices, providing power at a distance and enabling charging with mobility under software control.
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