In the past week, WATT stock has gone down by -20.39%, with a monthly decline of -16.18% and a quarterly plunge of -12.04%. The volatility ratio for the week is 10.83%, and the volatility levels for the last 30 days are 8.45% for Energous Corp The simple moving average for the past 20 days is -20.78% for WATT’s stock, with a -38.95% simple moving average for the past 200 days.
Is It Worth Investing in Energous Corp (NASDAQ: WATT) Right Now?
WATT has 36-month beta value of 2.62. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for WATT is 5.91M, and currently, short sellers hold a 9.68% ratio of that float. The average trading volume of WATT on April 18, 2024 was 70.63K shares.
WATT) stock’s latest price update
The stock of Energous Corp (NASDAQ: WATT) has decreased by -9.81 when compared to last closing price of 1.58.Despite this, the company has seen a loss of -20.39% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-20 that Energous (WATT) and Velociti collaborate to deploy the former’s wireless power network solution across retail, logistics, healthcare and warehousing applications end markets.
Analysts’ Opinion of WATT
Many brokerage firms have already submitted their reports for WATT stocks, with Ladenburg Thalmann repeating the rating for WATT by listing it as a “Neutral.” The predicted price for WATT in the upcoming period, according to Ladenburg Thalmann is $2 based on the research report published on April 05, 2024 of the current year 2024.
Ladenburg Thalmann, on the other hand, stated in their research note that they expect to see WATT reach a price target of $6.50. The rating they have provided for WATT stocks is “Buy” according to the report published on May 01st, 2019.
WATT Trading at -24.99% from the 50-Day Moving Average
After a stumble in the market that brought WATT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -84.78% of loss for the given period.
Volatility was left at 8.45%, however, over the last 30 days, the volatility rate increased by 10.83%, as shares sank -13.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.04% lower at present.
During the last 5 trading sessions, WATT fell by -20.39%, which changed the moving average for the period of 200-days by -70.31% in comparison to the 20-day moving average, which settled at $1.7875. In addition, Energous Corp saw -22.13% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WATT starting from Patel Rahul G., who sale 675 shares at the price of $1.60 back on Jan 03 ’24. After this action, Patel Rahul G. now owns 3,659 shares of Energous Corp, valued at $1,080 using the latest closing price.
Johnston Cesar, the CEO and President of Energous Corp, purchase 52,000 shares at $1.82 during a trade that took place back on Nov 13 ’23, which means that Johnston Cesar is holding 91,651 shares at $94,640 based on the most recent closing price.
Stock Fundamentals for WATT
Current profitability levels for the company are sitting at:
- -46.61 for the present operating margin
- 0.31 for the gross margin
The net margin for Energous Corp stands at -41.6. The total capital return value is set at -1.83. Equity return is now at value -107.17, with -83.43 for asset returns.
Based on Energous Corp (WATT), the company’s capital structure generated 0.1 points at debt to capital in total, while cash flow to debt ratio is standing at -15.23. The debt to equity ratio resting at 0.11. The interest coverage ratio of the stock is -61.65.
Currently, EBITDA for the company is -20.83 million with net debt to EBITDA at 0.54. When we switch over and look at the enterprise to sales, we see a ratio of -8.44. The receivables turnover for the company is 4.67for trailing twelve months and the total asset turnover is 0.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.25.
Conclusion
To put it simply, Energous Corp (WATT) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
