Energous’ (WATT) “Sell (E+)” Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their sell (e+) rating on shares of Energous (NASDAQ:WATT) in a research note published on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen raised shares of Energous to a “hold” rating in a research note on Friday, July 18th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Energous presently has an average rating of “Sell”.

Energous Price Performance

Shares of NASDAQ:WATT opened at $7.15 on Wednesday. The company’s 50 day simple moving average is $8.01 and its 200 day simple moving average is $8.78. The stock has a market capitalization of $13.01 million, a price-to-earnings ratio of -0.22 and a beta of 0.60. Energous has a 1 year low of $3.67 and a 1 year high of $81.00.

Energous (NASDAQ:WATT) last announced its quarterly earnings data on Tuesday, July 29th. The industrial products company reported ($2.40) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($25.80) by $23.40. The business had revenue of $0.98 million for the quarter, compared to analysts’ expectations of $0.59 million. Energous had a negative net margin of 1.40% and a negative return on equity of 282.11%. As a group, analysts anticipate that Energous will post -3.01 EPS for the current fiscal year.

Insider Buying and Selling at Energous

In other Energous news, CEO Mallorie Sara Burak acquired 6,400 shares of Energous stock in a transaction that occurred on Thursday, August 21st. The shares were bought at an average price of $7.88 per share, with a total value of $50,432.00. Following the completion of the purchase, the chief executive officer directly owned 10,132 shares in the company, valued at $79,840.16. This trade represents a 171.49% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.08% of the company’s stock.

About Energous

Energous Corporation provides wireless charging system solutions in the United States. The company develops WattUp wireless power networks technology that consists of semiconductor chipsets; software controls; hardware designs; and antennas that enables radio frequency-based charging for Internet of Things devices.