Energous Corporation [NASDAQ: WATT] traded at a high on 09/29/20, posting a 1.66 gain after which it closed the day’ session at $3.07.
The results of the trading session contributed to over 1959284 shares changing hands. Over the past one week, the price volatility of Energous Corporation stands at 9.45% while the volatility over the past one month is 7.58%.
The market cap for WATT stock reached $121.63 million, with 40.64 million shares outstanding and 38.85 million shares in the current float. Compared to the average trading volume of 1.55M shares, WATT reached a trading volume of 1959284 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say 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 0.25, with the Price to Sales ratio for WATT stock in the period of the last 12 months amounting to 405.44. The Price to Book ratio for the last quarter was 5.79, with the Price to Cash per share for the same quarter was set at 0.59.
How has WATT stock performed recently?
Energous Corporation [WATT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.02. With this latest performance, WATT shares dropped by -17.03% in over the last four-week period, additionally plugging by 313.19% over the last 6 months – not to mention a drop of -7.39% 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 48.71, with the RSI for the last a single of trading hit 50.23, and the three-weeks RSI is set at 48.26 for Energous Corporation [WATT]. The present Moving Average for the last 50 days of trading for this stock 3.27, while it was recorded at 2.88 for the last single week of trading, and 2.22 for the last 200 days.
Energous Corporation [WATT]: Deeper insight into the fundamentals
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 6.40 and a Current Ratio set at 6.40.
Earnings analysis for Energous Corporation [WATT]
With the latest financial reports released by the company, Energous Corporation posted -0.27/share EPS, while the average EPS was predicted by analysts to be reported at -0.3/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 10.00%. 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.
Insider trade positions for Energous Corporation [WATT]
There are presently around $14 million, or 10.70% of WATT stock, in the hands of institutional investors. The top three institutional holders of WATT stocks are: VANGUARD GROUP INC with ownership of 1,064,825, which is approximately -9.133% of the company’s market cap and around 2.80% of the total institutional ownership; BLACKROCK INC., holding 712,468 shares of the stock with an approximate value of $2.19 million in WATT stocks shares; and SUSQUEHANNA INTERNATIONAL GROUP, LLP, currently with $0.88 million in WATT stock with ownership of nearly -30.607% of the company’s market capitalization.
Positions in Energous Corporation stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 38 institutional holders increased their position in Energous Corporation [NASDAQ:WATT] by around 1,200,420 shares. Additionally, 45 investors decreased positions by around 3,046,961 shares, while 17 investors held positions by with 242,951 shares. The mentioned changes placed institutional holdings at 4,490,332 shares, according to the latest SEC report filing. WATT stock had 26 new institutional investments in for a total of 1,104,940 shares, while 20 institutional investors sold positions of 539,544 shares during the same period.