StockNews.com Begins Coverage on Energous (NASDAQ:WATT)

StockNews.com began coverage on shares of Energous (NASDAQ:WATT) in a report issued on Wednesday morning. The brokerage issued a sell rating on the industrial products company’s stock.

Separately, LADENBURG THALM/SH SH cut shares of Energous from a buy rating to a neutral rating and lowered their price target for the stock from $3.50 to $2.00 in a research report on Friday, April 5th.

Energous Stock Up 0.7 %

Shares of NASDAQ WATT opened at $1.36 on Wednesday. Energous has a 12-month low of $1.30 and a 12-month high of $8.05. The firm’s 50-day simple moving average is $1.83 and its 200 day simple moving average is $1.86. The company has a market cap of $8.27 million, a price-to-earnings ratio of -0.33 and a beta of 2.55.

Energous (NASDAQ:WATT) last issued its quarterly earnings results on Thursday, March 28th. The industrial products company reported ($0.81) earnings per share for the quarter. Energous had a negative net margin of 4,077.47% and a negative return on equity of 126.05%. The company had revenue of $0.09 million during the quarter. On average, equities analysts expect that Energous will post -3.43 earnings per share for the current year.

About Energous

Energous Corporation develops wireless charging applications. The company develops WattUp wireless power technology that consists of semiconductor chipsets, software controls, hardware designs, and antennas that enables radio frequency-based charging for electronic devices. Its products are used in building and home automation, electronic shelf labels, industrial IoT sensors, surface and implanted medical devices, tracking devices, hearables, wearables, consumer electronics, and public safety applications.