Energous (NASDAQ:WATT) Getting Somewhat Positive Press Coverage, Study Finds

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Headlines about Energous (NASDAQ:WATT) have trended somewhat positive recently, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Energous earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 46.2263333684687 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the headlines that may have impacted Accern’s scoring:

WATT traded up $0.96 during trading on Thursday, hitting $15.62. The stock had a trading volume of 522,973 shares, compared to its average volume of 2,556,538. The company has a market capitalization of $354.44, a PE ratio of -6.76 and a beta of 1.62. Energous has a one year low of $6.91 and a one year high of $33.50.

Energous (NASDAQ:WATT) last released its quarterly earnings results on Thursday, February 15th. The industrial products company reported ($0.50) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.48) by ($0.02). The firm had revenue of $0.03 million during the quarter, compared to the consensus estimate of $0.27 million. Energous had a negative net margin of 4,278.77% and a negative return on equity of 312.80%. sell-side analysts predict that Energous will post -1.81 EPS for the current year.

WATT has been the subject of several research analyst reports. Ladenburg Thalmann Financial Services lifted their target price on Energous from $20.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Roth Capital set a $46.00 target price on Energous and gave the stock a “buy” rating in a research note on Monday, February 19th. Zacks Investment Research upgraded Energous from a “sell” rating to a “hold” rating in a research note on Saturday, January 13th. National Securities reiterated a “buy” rating on shares of Energous in a research note on Friday, February 16th. Finally, ValuEngine upgraded Energous from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $32.00.

In related news, VP Neeraj Sahejpal sold 4,991 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $20.17, for a total value of $100,668.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Aaron Leabman sold 52,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $20.01, for a total value of $1,040,520.00. Following the completion of the sale, the director now owns 100,279 shares of the company’s stock, valued at $2,006,582.79. The disclosure for this sale can be found here. Insiders sold a total of 191,495 shares of company stock valued at $4,099,068 over the last 90 days. 6.30% of the stock is currently owned by corporate insiders.

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About Energous

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.

Insider Buying and Selling by Quarter for Energous (NASDAQ:WATT)

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