Energous Corporation [NASDAQ: WATT] gained 2.31% or 0.05 points to close at $2.21 with a heavy trading volume of 1023376 shares. It opened the trading session at $2.19, the shares rose to $2.31 and dropped to $2.13, the range by which the price of stock traded the whole day. The daily chart for WATT points out that the company has recorded 10.50% gains over the past six months. However, it is still -262.3% lower than its most recent low trading price.
If we look at the average trading volume of 3.61M shares, WATT reached to a volume of 1023376 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Energous Corporation [WATT]:
Ladenburg Thalmann have made an estimate for Energous Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 01, 2019. The new note on the price target was released on October 31, 2018, representing the official price target for Energous Corporation stock. Previously, the target price had yet another raise from $20 to $32, while Ladenburg Thalmann kept a Buy rating on WATT stock. On December 28, 2017, analysts increased their price target for WATT shares from 22.80 to 45.80.
The Average True Range (ATR) for Energous Corporation is set at 0.30, with the Price to Sales ratio for WATT stock in the period of the last 12 months amounting to 435.26. The Price to Book ratio for the last quarter was 4.17, with the Price to Cash per share for the same quarter was set at 0.51.
Trading performance analysis for WATT stock
Energous Corporation [WATT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -29.39. With this latest performance, WATT shares gained by 20.11% in over the last four-week period, additionally plugging by 10.50% over the last 6 months – not to mention a drop of -47.00% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WATT stock in for the last two-week period is set at 54.91, with the RSI for the last a single of trading hit 51.88, and the three-weeks RSI is set at 53.86 for Energous Corporation [WATT]. The present Moving Average for the last 50 days of trading for this stock 1.88, while it was recorded at 2.19 for the last single week of trading, and 2.12 for the last 200 days.
Energous Corporation [WATT]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Energous Corporation [WATT] shares currently have an operating margin of -19390.09. Energous Corporation’s Net Margin is presently recorded at -19185.83.
Return on Total Capital for WATT is now -196.46, given the latest momentum, and Return on Invested Capital for the company is -198.01. Return on Equity for this stock declined to -205.43, with Return on Assets sitting at -163.77. When it comes to the capital structure of this company, Energous Corporation [WATT] has a Total Debt to Total Equity ratio set at 11.17. Additionally, WATT Total Debt to Total Capital is recorded at 10.05, with Total Debt to Total Assets ending up at 8.54. Long-Term Debt to Equity for the company is recorded at 7.37, with the Long-Term Debt to Total Capital now at 6.63.
Reflecting on the efficiency of the workforce at the company, Energous Corporation [WATT] managed to generate an average of -$752,923 per employee. Receivables Turnover for the company is 3.72 with a Total Asset Turnover recorded at a value of 0.01.Energous Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.30 and a Current Ratio set at 6.30.
Energous Corporation [WATT]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Energous Corporation posted -0.32/share EPS, while the average EPS was predicted by analysts to be reported at -0.37/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 13.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WATT.
An analysis of insider ownership at Energous Corporation [WATT]
There are presently around $14 million, or 15.60% of WATT stock, in the hands of institutional investors. The top three institutional holders of WATT stocks are: BLACKROCK INC. with ownership of 1,871,697, which is approximately -1.797% of the company’s market cap and around 2.60% of the total institutional ownership; VANGUARD GROUP INC, holding 1,171,856 shares of the stock with an approximate value of $2.53 million in WATT stocks shares; and STATE STREET CORP, currently with $1.02 million in WATT stock with ownership of nearly 10.715% of the company’s market capitalization.
Positions in Energous Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 27 institutional holders increased their position in Energous Corporation [NASDAQ:WATT] by around 440,553 shares. Additionally, 36 investors decreased positions by around 1,201,374 shares, while 23 investors held positions by with 4,695,146 shares. The mentioned changes placed institutional holdings at 6,337,073 shares, according to the latest SEC report filing. WATT stock had 12 new institutional investments in for a total of 79,085 shares, while 12 institutional investors sold positions of 356,600 shares during the same period.