Somewhat Positive News Coverage Somewhat Unlikely to Affect Energous Corporation (WATT) Stock Price
News stories about Energous Corporation (NASDAQ:WATT) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Energous Corporation earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 45.7263384117366 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Energous Corporation Announces GaN-based High-Power, Near Field WattUp Charging Solution – Markets Insider (markets.businessinsider.com)
- Why Shares of Energous Rocketed Higher Today (finance.yahoo.com)
- Today’s Research Reports on Stocks to Watch: Cloudera and Energous Corp. (finance.yahoo.com)
- Are Options Traders Betting on a Big Move in Energous (WATT) Stock? (finance.yahoo.com)
Energous Corporation (WATT) traded down 3.69% on Wednesday, hitting $11.99. The stock had a trading volume of 1,407,163 shares. Energous Corporation has a 12-month low of $8.91 and a 12-month high of $20.55. The company has a 50 day moving average of $12.69 and a 200 day moving average of $14.49. The company’s market capitalization is $262.57 million.
Energous Corporation (NASDAQ:WATT) last posted its quarterly earnings data on Tuesday, August 8th. The industrial products company reported ($0.63) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.63). The business had revenue of $0.30 million during the quarter, compared to the consensus estimate of $0.43 million. Energous Corporation had a negative return on equity of 237.18% and a negative net margin of 2,495.17%. On average, equities analysts expect that Energous Corporation will post ($2.37) earnings per share for the current year.
A number of research analysts have commented on the company. Zacks Investment Research lowered Energous Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, August 19th. 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. ValuEngine lowered Energous Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. BidaskClub lowered Energous Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Finally, Ladenburg Thalmann Financial Services reiterated a “buy” rating and issued a $18.00 price objective on shares of Energous Corporation in a research report on Thursday, May 11th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $17.75.
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In related news, insider Brian J. Sereda sold 11,395 shares of the stock in a transaction on Friday, July 14th. The stock was sold at an average price of $16.11, for a total value of $183,573.45. Following the completion of the sale, the insider now directly owns 133,577 shares in the company, valued at $2,151,925.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Neeraj Sahejpal sold 1,615 shares of the stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $15.85, for a total value of $25,597.75. Following the completion of the sale, the vice president now owns 104,820 shares of the company’s stock, valued at $1,661,397. The disclosure for this sale can be found here. Insiders sold 48,512 shares of company stock valued at $618,776 over the last 90 days. 6.20% of the stock is currently owned by company 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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