Energous Corp (NASDAQ:WATT) rose 9% during trading on Tuesday . The stock traded as high as $1.85 and last traded at $1.81, approximately 1,025,900 shares were traded during trading. A decline of 13% from the average daily volume of 1,174,778 shares. The stock had previously closed at $1.66.

Several brokerages have recently weighed in on WATT. ValuEngine upgraded shares of Energous from a “hold” rating to a “buy” rating in a research note on Friday, January 3rd. Roth Capital cut their target price on shares of Energous from $8.20 to $7.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Finally, Zacks Investment Research reaffirmed a “hold” rating and set a $2.00 target price on shares of Energous in a report on Saturday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $5.17.

The firm has a 50 day moving average price of $1.88 and a 200 day moving average price of $3.10. The stock has a market capitalization of $54.18 million, a PE ratio of -0.91 and a beta of 1.64. The company has a current ratio of 6.54, a quick ratio of 6.54 and a debt-to-equity ratio of 0.08.

Energous (NASDAQ:WATT) last released its earnings results on Thursday, November 7th. The industrial products company reported ($0.27) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.03. The company had revenue of $0.04 million for the quarter, compared to the consensus estimate of $0.40 million. Energous had a negative return on equity of 164.30% and a negative net margin of 19,557.08%. On average, equities research analysts expect that Energous Corp will post -1.25 EPS for the current year.

In related news, Director John Gaulding sold 31,160 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $2.21, for a total transaction of $68,863.60. Following the completion of the sale, the director now owns 81,668 shares in the company, valued at $180,486.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stephen R. Rizzone bought 21,580 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were acquired at an average price of $2.07 per share, with a total value of $44,670.60. Following the transaction, the chief executive officer now directly owns 575,720 shares of the company’s stock, valued at approximately $1,191,740.40. The disclosure for this purchase can be found here. Insiders sold 98,997 shares of company stock worth $206,397 in the last ninety days. Corporate insiders own 7.00% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Alexandria Capital LLC purchased a new stake in Energous during the 3rd quarter valued at approximately $33,000. Millennium Management LLC purchased a new stake in Energous in the 3rd quarter worth $47,000. Biltmore Capital Advisors LLC purchased a new stake in Energous in the 3rd quarter worth $50,000. CIBC Private Wealth Group LLC boosted its holdings in shares of Energous by 18.3% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 23,568 shares of the industrial products company’s stock valued at $78,000 after purchasing an additional 3,650 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its holdings in shares of Energous by 21.9% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 33,434 shares of the industrial products company’s stock valued at $111,000 after purchasing an additional 6,000 shares during the last quarter. Institutional investors and hedge funds own 24.15% of the company’s stock.

About Energous (NASDAQ:WATT)

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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