Company’s 36-month beta value is 2.62.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for WATT is 8.49M, and currently, short sellers hold a 9.16% ratio of that floaft. The average trading volume of WATT on December 10, 2024 was 213.78K shares.
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WATT) stock’s latest price update
The stock of Energous Corp (NASDAQ: WATT) has decreased by -9.98 when compared to last closing price of 0.42.Despite this, the company has seen a loss of -21.25% in its stock price over the last five trading days. businesswire.com reported 2024-12-03 that SAN JOSE, Calif.–(BUSINESS WIRE)–Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ: WATT), a pioneer in scalable, over-the-air (OTA) wireless power networks (WPNs), today announced it has been awarded the first phase of a multi-stage project by a Fortune 10 multinational retailer. This modernization project is part of a nationwide infrastructure optimization program undertaken by the retailer, which is expected to upgrade approximately 4,700 retail locations over the next t.
WATT’s Market Performance
Energous Corp (WATT) has experienced a -21.25% fall in stock performance for the past week, with a -31.30% drop in the past month, and a -51.87% drop in the past quarter. The volatility ratio for the week is 12.00%, and the volatility levels for the past 30 days are at 9.22% for WATT. The simple moving average for the last 20 days is -21.12% for WATT’s stock, with a simple moving average of -65.24% for the last 200 days.
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 “Buy.” The predicted price for WATT in the upcoming period, according to Ladenburg Thalmann is $2 based on the research report published on May 16, 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 $2, previously predicting the price at $3.50. The rating they have provided for WATT stocks is “Neutral” according to the report published on April 05th, 2024.
Ladenburg Thalmann gave a rating of “Buy” to WATT, setting the target price at $6.50 in the report published on May 01st of the previous year.
WATT Trading at -29.63% 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 -86.25% of loss for the given period.
Volatility was left at 9.22%, however, over the last 30 days, the volatility rate increased by 12.00%, as shares sank -32.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -41.29% lower at present.
During the last 5 trading sessions, WATT fell by -21.25%, which changed the moving average for the period of 200-days by -81.14% in comparison to the 20-day moving average, which settled at $0.4794. In addition, Energous Corp saw -79.34% 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.
Stock Fundamentals for WATT
Current profitability levels for the company are sitting at:
- -41.54 for the present operating margin
- -0.49 for the gross margin
The net margin for Energous Corp stands at -43.72. The total capital return value is set at -41.31. Equity return is now at value -243.94, with -160.32 for asset returns.
Currently, EBITDA for the company is -21.55 million with net debt to EBITDA at 0.04. When we switch over and look at the enterprise to sales, we see a ratio of 6.11. The receivables turnover for the company is 2.84for trailing twelve months and the total asset turnover is 0.11. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.81.
Conclusion
In a nutshell, Energous Corp (WATT) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
