Energous Corporation [WATT] Stock Looks Poised to Climb Further

Energous Corporation [WATT] stock is up 0.55 while the S&P 500 has risen 0.88% on Friday, 12/04/20. While at the time of this article, WATT ATR is sitting at 0.18, with the beta value at 3.70. This stock’s volatility for the past week remained at 7.26%, while it was 8.44% for the past 30-day period. WATT has risen $0.01 from the previous closing price of $1.83 on volume of 2.11 million shares.

On 3, December 2020, Energous to Present at the 13th Annual LD Micro Main Event Conference. According to news published on Yahoo Finance, Energous Corporation (NASDAQ: WATT), the developer of WattUp®, a revolutionary wireless charging 2.0 technology, today announced it will present at the 13th Annual LD Micro Main Event Conference on December 15, 2020.

Analyst Birdseye View:

The most recent analyst activity for Energous Corporation [NASDAQ:WATT] stock was on October 31, 2018, when it was Downgrade with a Neutral rating from Ladenburg Thalmann. Before that, on May 01, 2019, Ladenburg Thalmann Recapitulated a Buy rating and elevated its amount target to $6.50. On January 03, 2018, Ladenburg Thalmann Reiterated a Buy rating and boosted its price target on this stock from $20 to $32. On December 28, 2017, ROTH Capital Reiterated a Buy rating and increased its price target from $22.80 to $45.80. On January 24, 2017, Oppenheimer Downgrade a Perform rating. On December 07, 2015, Ladenburg Thalmann Initiated a Buy rating and boosted its amount on this stock to $14. On July 15, 2015, Chardan Capital Markets Initiated a Buy rating and boosted its target amount on this stock to $12. On May 04, 2015 Ascendiant Capital Markets Initiated a Buy rating and elevated its amount target to $13.

In the past 52 weeks of trading, this stock has oscillated between a low of $0.61 and a peak of $4.58. Right now, according to Wall Street analyst the average 12-month amount target is $6.00. At the most recent market close, shares of Energous Corporation [NASDAQ:WATT] were valued at $1.84.

FUNDAMENTAL ANALYSIS

Energous Corporation [NASDAQ:WATT] most recently reported quarterly sales of 61.5 million, which represented growth of 51.90%. This publicly-traded organization’s revenue is $3,924 per employee, while its income is -$752,923 per employee. This company’s Gross Margin is currently 55.30%, its Pretax Margin is -19185.83, and its Net Margin is -19185.83. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -163.77, -205.43, -196.46 and -198.01 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 10.05 and the whole liability to whole assets at 8.54. It shows enduring liability to the whole principal at 6.63 and enduring liability to assets at 0.06 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 1.7967 points at 1st support level, the second support level is making up to 1.7533. But as of 1st resistance point, this stock is sitting at 1.8667 and at 1.8933 for 2nd resistance point.

Energous Corporation [WATT] reported its earnings at -$0.13 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.15/share signifying the difference of 0.02 and 13.30% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$0.15 calling estimates for -$0.2/share with the difference of 0.05 depicting the surprise of 25.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Energous Corporation [NASDAQ:WATT] is 6.40. Likewise, the Quick ratio is also the same, showing Cash ratio at 4.85. Now if looking for a valuation of this stock’s amount to sales ratio it’s 267.63 and it’s amount to book ratio is 3.09.

Insider Stories

The most recent insider trade was by Sereda Brian J, Senior Vice President & CFO, and it was the sale of 11075.0 shares on Nov 16. Johnston Cesar, the COO & EVP, Engineering, completed a sale of 13573.0 shares on Nov 16. On Nov 16, Sahejpal Neeraj, Senior VP, Product Marketing, completed a sale of 10177.0 shares.