Energous (NASDAQ:WATT) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Energous Corporation (NASDAQ:WATTGet Free Report)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $10.90 and traded as high as $17.96. Energous shares last traded at $16.11, with a volume of 507,452 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Energous in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Energous presently has an average rating of “Sell”.

Read Our Latest Stock Analysis on Energous

Energous Stock Performance

The firm has a 50 day simple moving average of $11.08 and a two-hundred day simple moving average of $8.18. The stock has a market cap of $31.61 million, a P/E ratio of -0.80 and a beta of 0.80.

Institutional Trading of Energous

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Armistice Capital LLC bought a new position in shares of Energous in the third quarter valued at approximately $1,202,000. Geode Capital Management LLC lifted its position in Energous by 85.4% in the fourth quarter. Geode Capital Management LLC now owns 18,713 shares of the industrial products company’s stock worth $75,000 after purchasing an additional 8,619 shares during the period. Finally, Flagship Harbor Advisors LLC lifted its position in Energous by 82.2% in the fourth quarter. Flagship Harbor Advisors LLC now owns 20,503 shares of the industrial products company’s stock worth $82,000 after purchasing an additional 9,250 shares during the period. 4.35% of the stock is currently owned by institutional investors.

About Energous

(Get Free Report)

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.

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