Energous (NASDAQ:WATT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Energous (NASDAQ:WATT) from a sell rating to a hold rating in a research report report published on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings raised shares of Energous from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 13th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce”.

Energous Stock Performance

Energous stock opened at $10.99 on Friday. Energous has a 52 week low of $3.62 and a 52 week high of $36.98. The stock has a market capitalization of $60.77 million, a P/E ratio of -4.97 and a beta of 1.56. The stock has a fifty day moving average of $14.34 and a 200-day moving average of $19.05.

Institutional Trading of Energous

A number of hedge funds have recently made changes to their positions in WATT. AIGH Capital Management LLC acquired a new position in shares of Energous in the first quarter valued at approximately $3,373,000. GatePass Capital LLC bought a new position in Energous in the 1st quarter valued at approximately $1,820,000. NewEdge Advisors LLC boosted its position in Energous by 20.2% during the 2nd quarter. NewEdge Advisors LLC now owns 38,397 shares of the industrial products company’s stock worth $923,000 after buying an additional 6,451 shares during the period. Headlands Technologies LLC bought a new stake in Energous during the 2nd quarter worth approximately $473,000. Finally, Bank of New York Mellon Corp bought a new stake in Energous during the 2nd quarter worth approximately $301,000. 4.35% of the stock is owned by institutional investors and hedge funds.

Energous Company Profile

Energous Corporation develops and commercializes radio frequency (RF)–based wireless charging technology designed to deliver power over the air to compatible devices. Its WattUp platform includes near‐field and far‐field transmitters that emit targeted RF energy and receiver modules that convert that energy into electrical power. The company’s solutions aim to eliminate the need for cables and charging pads by enabling contactless power delivery to a range of products, from wearables and IoT sensors to medical devices and consumer electronics.