Energous Corp (NASDAQ:WATT) VP Neeraj Sahejpal Sells 5,850 Shares
Energous Corp (NASDAQ:WATT) VP Neeraj Sahejpal sold 5,850 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $3.58, for a total value of $20,943.00. Following the completion of the transaction, the vice president now owns 151,609 shares in the company, valued at $542,760.22. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of NASDAQ:WATT opened at $3.48 on Thursday. The stock’s fifty day simple moving average is $4.06 and its two-hundred day simple moving average is $5.34. Energous Corp has a 1-year low of $3.41 and a 1-year high of $13.60. The stock has a market cap of $106.63 million, a PE ratio of -1.75 and a beta of 1.73.
Energous (NASDAQ:WATT) last announced its earnings results on Thursday, August 8th. The industrial products company reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.37) by $0.05. Energous had a negative return on equity of 172.39% and a negative net margin of 11,509.27%. The firm had revenue of $0.05 million during the quarter, compared to analyst estimates of $0.12 million. Equities research analysts forecast that Energous Corp will post -1.34 earnings per share for the current year.
A number of equities analysts recently issued reports on the company. ValuEngine upgraded Energous from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Roth Capital cut their target price on Energous from $18.10 to $12.70 and set a “buy” rating on the stock in a report on Wednesday, May 1st. LADENBURG THALM/SH SH upgraded Energous from a “neutral” rating to a “buy” rating and set a $6.50 target price on the stock in a report on Wednesday, May 1st. Finally, Zacks Investment Research restated a “buy” rating and set a $5.25 price objective on shares of Energous in a research note on Saturday, July 20th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $14.86.
Energous Corporation develops wire-free charging solutions. The company develops WattUp wireless power technology that consists of semiconductor chipsets, software controls, hardware designs, and antennas that enables radio frequency based wire-free charging for electronic devices. It has a collaboration with vivo Global to explore integrating WattUp into smartphone designs that charge wirelessly over-the-air.
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