Headlines about Energous Corporation (NASDAQ:WATT) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Energous Corporation earned a daily sentiment score of 0.23 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 45.9301179154068 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media stories that may have impacted Accern’s analysis:
- Energous Corporation to Host 2017 Second Quarter Financial Results Conference Call… (pennenergy.com)
- ETFs with exposure to Energous Corp. : July 25, 2017 (finance.yahoo.com)
- Energous Corporation to Host 2017 Second Quarter Financial Results Conference Call on August 8, 2017 at 1:30 p.m. PT (finance.yahoo.com)
- Energous Corporation (WATT) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
- $430,000.00 in Sales Expected for Energous Corporation (NASDAQ:WATT) This Quarter (americanbankingnews.com)
WATT has been the subject of several research reports. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating and issued a $18.00 target price on shares of Energous Corporation in a research report on Thursday, May 11th. Roth Capital set a $23.00 price objective on Energous Corporation and gave the company a “buy” rating in a report on Thursday, May 11th. ValuEngine raised Energous Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research raised Energous Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $19.00.
Shares of Energous Corporation (WATT) traded down 0.39% on Thursday, hitting $15.16. The company’s stock had a trading volume of 295,222 shares. Energous Corporation has a 52 week low of $11.61 and a 52 week high of $20.55. The firm’s market cap is $312.52 million. The stock’s 50-day moving average price is $15.86 and its 200-day moving average price is $15.43.
Energous Corporation (NASDAQ:WATT) last released its earnings results on Wednesday, May 10th. The industrial products company reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.56) by $0.05. The company had revenue of $0.58 million for the quarter, compared to analyst estimates of $0.50 million. Energous Corporation had a negative return on equity of 224.53% and a negative net margin of 2,511.58%. Equities analysts expect that Energous Corporation will post ($2.26) earnings per share for the current fiscal year.
In related news, VP Cesar Johnston sold 9,443 shares of the company’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $16.11, for a total transaction of $152,126.73. Following the completion of the sale, the vice president now directly owns 123,133 shares in the company, valued at approximately $1,983,672.63. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Brian J. Sereda sold 11,395 shares of the company’s stock in a transaction on Friday, July 14th. The stock was sold at an average price of $16.11, for a total value of $183,573.45. Following the sale, the insider now owns 133,577 shares of the company’s stock, valued at $2,151,925.47. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,593 shares of company stock worth $395,217. 6.20% of the stock is currently owned by insiders.
Energous Corporation Company Profile
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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