Favorable Press Coverage Very Unlikely to Impact Energous Corporation (WATT) Share Price
News coverage about Energous Corporation (NASDAQ:WATT) has been trending positive recently, according to Alpha One Sentiment Analysis. The research firm, a subsidiary of Accern, ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Energous Corporation earned a media sentiment score of 0.30 on Alpha One’s scale. Alpha One also assigned press coverage about the industrial products company an impact score of 25 out of 100, meaning that recent press coverage is very unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have effected AlphaOne Sentiment Analysis’s rankings:
- Notable Friday Option Activity: ACHC, WATT, SAM (stockoptionschannel.com)
- Insider Selling: Energous Corporation (WATT) Director Sells 2,140 Shares of Stock (americanbankingnews.com)
- Insider Selling: Energous Corporation (WATT) VP Sells 1,615 Shares of Stock (americanbankingnews.com)
- Head to Head Analysis: Energizer Holdings (ENR) vs. Energous Corporation (WATT) (americanbankingnews.com)
- Stock Performance Check on Shares of Energous Corporation (NASDAQ:WATT) – Jonesboro Recorder (jonesbororecorder.com)
A number of equities analysts have recently commented on the stock. ValuEngine raised shares of Energous Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research raised shares of Energous Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. Ladenburg Thalmann Financial Services set a $18.00 price target on shares of Energous Corporation and gave the company a “buy” rating in a report on Thursday, March 9th. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Energous Corporation in a report on Monday, March 13th. Finally, Roth Capital set a $23.00 price target on shares of Energous Corporation and gave the company a “buy” rating in a report on Thursday, May 11th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $19.00.
Shares of Energous Corporation (NASDAQ:WATT) traded down 1.44% during trading on Friday, reaching $15.72. 279,229 shares of the company traded hands. The company has a 50-day moving average of $14.93 and a 200-day moving average of $15.65. Energous Corporation has a 12 month low of $9.86 and a 12 month high of $20.55. The stock’s market capitalization is $324.07 million.
Energous Corporation (NASDAQ:WATT) last posted its quarterly earnings data on Wednesday, May 10th. The industrial products company reported ($0.61) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.56) by $0.05. Energous Corporation had a negative return on equity of 224.53% and a negative net margin of 2,511.58%. The firm had revenue of $0.58 million for the quarter, compared to the consensus estimate of $0.50 million. Analysts forecast that Energous Corporation will post ($2.26) earnings per share for the current fiscal year.
In related news, Director John Gaulding sold 2,140 shares of the company’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $15.85, for a total transaction of $33,919.00. Following the completion of the sale, the director now owns 86,155 shares of the company’s stock, valued at $1,365,556.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Neeraj Sahejpal sold 1,615 shares of the company’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $15.85, for a total transaction of $25,597.75. Following the sale, the vice president now directly owns 104,820 shares of the company’s stock, valued at approximately $1,661,397. The disclosure for this sale can be found here. Corporate 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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