Additionally, the 36-month beta value for WATT is 2.40. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for WATT is 19.40M and currently, short sellers hold a 19.51% ratio of that float. The average trading volume of WATT on January 14, 2025 was 5.94M shares.
WATT) stock’s latest price update
The stock price of Energous Corp (NASDAQ: WATT) has plunged by -12.89 when compared to previous closing price of 0.66, but the company has seen a -53.25% decline in its stock price over the last five trading sessions. businesswire.com reported 2025-01-08 that SAN JOSE, Calif.–(BUSINESS WIRE)–Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ: WATT), a pioneer in scalable, over-the-air wireless power networks (WPNs), today announced it has been selected as winner of the “IoT Connected Retail Innovation of the Year” award in the 9th annual IoT Breakthrough Awards program conducted by IoT Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies and products in the global Internet-of-Th.
WATT’s Market Performance
WATT’s stock has fallen by -53.25% in the past week, with a monthly rise of 74.24% and a quarterly drop of -3.36%. The volatility ratio for the week is 31.77% while the volatility levels for the last 30 days are 30.80% for Energous Corp The simple moving average for the past 20 days is -15.94% for WATT’s stock, with a -38.91% simple moving average for the past 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 previous 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 2.00% 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 -79.09% of loss for the given period.
Volatility was left at 30.80%, however, over the last 30 days, the volatility rate increased by 31.77%, as shares surge +83.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.04% lower at present.
During the last 5 trading sessions, WATT fell by -53.66%, which changed the moving average for the period of 200-days by -70.77% in comparison to the 20-day moving average, which settled at $0.6838. In addition, Energous Corp saw -43.07% in overturn over a single year, with a tendency to cut further losses.
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 24.29. 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 conclusion, Energous Corp (WATT) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
