Energous Corporation [WATT] Stock trading around $3.36 per share: What’s Next?

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Energous Corporation [NASDAQ: WATT] surged by $0.38 during the normal trading session on Wednesday and reaching a high of $3.88 during the day while it closed the day at $3.36. The company report on June 9, 2021 that Energous and Atmosic Achieve Industry First Interoperability Energy Harvesting, Advancing Development of Wireless Charging Applications.

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Interoperability enables wireless charging up to two meters away for diverse applications in the retail, industrial and consumer markets.

Energous Corporation (Nasdaq: WATT), the developer of WattUp®, and Atmosic Technologies, an innovator of ultra-low power wireless for the Internet of Things (IoT), announced they have achieved the industry’s first interoperability for radio frequency (RF) energy harvesting technology. The interoperability combines Energous’ WattUp RF-based wireless charging technology and Atmosic’s M3 Series chipset – the company’s energy harvesting technology that captures RF power – which together open up the market for wireless charging up to two meters away for a diverse array of connected solutions for retail, industrial and consumer applications.

Energous Corporation stock has also gained 20.00% of its value over the past 7 days. However, WATT stock has declined by -17.04% in the 3 months of the year. Over the past six months meanwhile, it has gained 85.64% and gained 86.67% year-on date.

The market cap for WATT stock reached $208.92 million, with 61.57 million shares outstanding and 60.35 million shares in the current float. Compared to the average trading volume of 2.16M shares, WATT reached a trading volume of 12658748 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 0.26, with the Price to Sales ratio for WATT stock in the period of the last 12 months amounting to 522.31. The Price to Book ratio for the last quarter was 4.80, with the Price to Cash per share for the same quarter was set at 0.72.

WATT stock trade performance evaluation

Energous Corporation [WATT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 20.00. With this latest performance, WATT shares gained by 34.40% in over the last four-week period, additionally plugging by 85.64% over the last 6 months – not to mention a rise of 7.35% 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 65.37, with the RSI for the last a single of trading hit 76.24, and the three-weeks RSI is set at 57.94 for Energous Corporation [WATT]. The present Moving Average for the last 50 days of trading for this stock 3.11, while it was recorded at 3.00 for the last single week of trading, and 3.05 for the last 200 days.

Energous Corporation [WATT]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Energous Corporation [WATT] shares currently have an operating margin of -9744.67 and a Gross Margin at -280.98. Energous Corporation’s Net Margin is presently recorded at -9724.17.

Return on Total Capital for WATT is now -89.11, given the latest momentum, and Return on Invested Capital for the company is -90.89. Return on Equity for this stock declined to -93.53, with Return on Assets sitting at -81.60. When it comes to the capital structure of this company, Energous Corporation [WATT] has a Total Debt to Total Equity ratio set at 2.86. Additionally, WATT Total Debt to Total Capital is recorded at 2.78, with Total Debt to Total Assets ending up at 2.64. Long-Term Debt to Equity for the company is recorded at 1.18, with the Long-Term Debt to Total Capital now at 1.14.

Reflecting on the efficiency of the workforce at the company, Energous Corporation [WATT] managed to generate an average of -$589,483 per employee. Receivables Turnover for the company is 4.71 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 11.30 and a Current Ratio set at 11.30.

Earnings per share (EPS) analysis for Energous Corporation [WATT] stock

With the latest financial reports released by the company, Energous Corporation posted -0.15/share EPS, while the average EPS was predicted by analysts to be reported at -0.2/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 25.00%. 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.

Energous Corporation [WATT]: Insider Ownership positions

There are presently around $28 million, or 13.60% of WATT stock, in the hands of institutional investors. The top three institutional holders of WATT stocks are: VANGUARD GROUP INC with ownership of 1,860,025, which is approximately 6.414% of the company’s market cap and around 2.20% of the total institutional ownership; SUSQUEHANNA INTERNATIONAL GROUP, LLP, holding 1,042,985 shares of the stock with an approximate value of $3.5 million in WATT stocks shares; and MORGAN STANLEY, currently with $3.5 million in WATT stock with ownership of nearly 29.283% of the company’s market capitalization.

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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 52 institutional holders increased their position in Energous Corporation [NASDAQ:WATT] by around 2,873,140 shares. Additionally, 28 investors decreased positions by around 2,334,438 shares, while 19 investors held positions by with 3,206,567 shares. The mentioned changes placed institutional holdings at 8,414,145 shares, according to the latest SEC report filing. WATT stock had 24 new institutional investments in for a total of 1,134,617 shares, while 17 institutional investors sold positions of 2,018,477 shares during the same period.

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