Energous Corporation (WATT) Receives Daily News Sentiment Rating of 0.11
Media coverage about Energous Corporation (NASDAQ:WATT) has trended somewhat positive this week, Accern reports. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded 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 0.11 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 45.5811841760295 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s scoring:
- Options Traders Expect Huge Moves in Energous (WATT) Stock (finance.yahoo.com)
- $1.20 Million in Sales Expected for Energous Corporation (WATT) This Quarter (americanbankingnews.com)
- Analysts Anticipate Energous Corporation (WATT) Will Announce Earnings of -$0.57 Per Share (americanbankingnews.com)
- Analyst Research Roundup: Empire State Realty Trust, Inc. (ESRT), Energous Corporation (WATT) – Newburgh Gazette (newburghgazette.com)
Energous Corporation (NASDAQ:WATT) traded up 2.35% on Friday, reaching $13.92. The company’s stock had a trading volume of 654,620 shares. Energous Corporation has a 12 month low of $8.91 and a 12 month high of $20.55. The firm’s 50 day moving average is $11.47 and its 200-day moving average is $14.01. The firm’s market cap is $304.83 million.
Energous Corporation (NASDAQ:WATT) last posted its earnings results on Tuesday, August 8th. The industrial products company reported ($0.63) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.63). The firm had revenue of $0.30 million for the quarter, compared to analysts’ expectations of $0.43 million. Energous Corporation had a negative net margin of 2,495.17% and a negative return on equity of 237.18%. On average, equities research analysts anticipate that Energous Corporation will post ($2.37) EPS for the current year.
Several research analysts have recently commented on the company. BidaskClub downgraded Energous Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Roth Capital set a $23.00 target price on Energous Corporation and gave the stock a “buy” rating in a report on Monday, August 7th. Zacks Investment Research raised Energous Corporation from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Friday, August 11th. Finally, ValuEngine downgraded Energous Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Energous Corporation currently has a consensus rating of “Hold” and an average target price of $17.75.
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In other Energous Corporation news, VP Cesar Johnston sold 15,000 shares of the business’s stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $12.55, for a total transaction of $188,250.00. Following the sale, the vice president now owns 88,991 shares of the company’s stock, valued at $1,116,837.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brian J. Sereda sold 11,395 shares of the business’s stock in a transaction on Friday, July 14th. The stock was sold at an average price of $16.11, for a total transaction of $183,573.45. Following the sale, the insider now directly owns 133,577 shares in the company, valued at approximately $2,151,925.47. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 69,624 shares of company stock worth $871,142. Insiders own 6.20% of the company’s stock.
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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