Media stories about Energous Corporation (NASDAQ:WATT) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Energous Corporation earned a news impact score of 0.08 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 44.0332157763282 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- Energous Corporation (WATT) traded 1712842 Stock with change of 0.64% – Voice Of Analysts (analystsbuzz.com)
- What iPhone’s Wireless Charging Tech Means For Energous; CEO Says Company Remains ‘Completely’ On Track – Benzinga (benzinga.com)
- Initiating Research Reports on Electronic Equipment Equities — Energous, Apple, Fabrinet, and Philips – Markets Insider (markets.businessinsider.com)
- WiTricity, Energous: We’re Shipping, Deal With It, Say Wireless Power Pioneers (finance.yahoo.com)
- Energous CEO Rizzone Undaunted by Apple Tilt to Qi (finance.yahoo.com)
Energous Corporation (NASDAQ WATT) traded up 2.7825% on Friday, hitting $11.2444. The stock had a trading volume of 370,032 shares. Energous Corporation has a 12-month low of $8.91 and a 12-month high of $20.55. The company’s 50 day moving average is $11.90 and its 200 day moving average is $14.33. The firm’s market cap is $246.24 million.
Energous Corporation (NASDAQ:WATT) last issued its quarterly earnings results on Tuesday, August 8th. The industrial products company reported ($0.63) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.63). Energous Corporation had a negative net margin of 2,495.17% and a negative return on equity of 237.18%. The business had revenue of $0.30 million during the quarter, compared to analyst estimates of $0.43 million. On average, equities research analysts expect that Energous Corporation will post ($2.37) EPS for the current fiscal year.
Several equities analysts recently issued reports on the company. Zacks Investment Research lowered Energous Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, August 19th. ValuEngine lowered Energous Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Roth Capital set a $23.00 price target on Energous Corporation and gave the company a “buy” rating in a research report on Monday, August 7th. Finally, BidaskClub lowered Energous Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $17.75.
In other Energous Corporation news, VP Neeraj Sahejpal sold 9,867 shares of Energous Corporation stock in a transaction on Monday, September 11th. The shares were sold at an average price of $12.53, for a total transaction of $123,633.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 shares were sold at an average price of $16.11, for a total transaction of $183,573.45. Following the completion of the transaction, the insider now directly owns 133,577 shares of the company’s stock, valued at approximately $2,151,925.47. The disclosure for this sale can be found here. Insiders have sold a total of 54,624 shares of company stock valued at $682,892 in the last ninety days. Company 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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