Energous Corp [NASDAQ: WATT] price surged by 19.35 percent to reach at $0.06.
A sum of 6649362 shares traded at recent session while its average daily volume was at 1.17M shares. Energous Corp shares reached a high of $0.39 and dropped to a low of $0.33 until finishing in the latest session at $0.37.
The one-year WATT stock forecast points to a potential upside of 88.62. The average equity rating for WATT stock is currently 1.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Energous Corp [WATT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WATT shares is $3.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WATT stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Ladenburg Thalmann have made an estimate for Energous Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 16, 2024. While these analysts kept the previous recommendation, Ladenburg Thalmann dropped their target price from $3.50 to $2. The new note on the price target was released on April 05, 2024, representing the official price target for Energous Corp stock. Previously, the target price had yet another raise to $6.50, while Ladenburg Thalmann analysts kept a Buy rating on WATT stock.
The Price to Book ratio for the last quarter was 1.26, with the Price to Cash per share for the same quarter was set at 0.30.
WATT Stock Performance Analysis:
Energous Corp [WATT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 33.57. With this latest performance, WATT shares gained by 27.19% in over the last four-week period, additionally sinking by -69.92% over the last 6 months – not to mention a drop of -63.37% in the past year of trading.
Insight into Energous Corp Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Energous Corp [WATT] shares currently have an operating margin of -1386.25% and a Gross Margin at -4.11%. Energous Corp’s Net Margin is presently recorded at -1448.42%.
Return on Equity for this stock declined to -114.59%, with Return on Assets sitting at -114.59%.
Energous Corp [WATT] Institutonal Ownership Details
There are presently around $1.91%, or 1.91% of WATT stock, in the hands of institutional investors.
