Energous Corp [WATT] stock is trading at $2.03, up 4.10%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The WATT shares have gain 11.54% over the last week, with a monthly amount drifted -5.58%, and not seem to be holding up well over a long-time horizon.
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On 28, March 2024, Energous Corporation Reports 2023 Results. In a post published today on Yahoo Finance, Energous Corporation (NASDAQ: WATT), a leading developer of RF-based charging for wireless power networks, today announced financial results for the year ended December 31, 2023, and provided an update on recent partnerships and company highlights.
From an analyst’s perspective:
Energous Corp [NASDAQ: WATT] stock has seen the most recent analyst activity on May 01, 2019, when Ladenburg Thalmann upgraded its rating to a Buy but kept the price target unchanged to $6.50 for it. Previously, Ladenburg Thalmann downgraded its rating to Neutral on October 31, 2018. On January 03, 2018, Ladenburg Thalmann reiterated its Buy rating and revised its price target to $32 on the stock. ROTH Capital reiterated its Buy rating and increased its price target to $45.80 on December 28, 2017. Oppenheimer downgraded its rating to a Perform. Ladenburg Thalmann started tracking with a Buy rating for this stock on December 07, 2015, and assigned it a price target of $14. In a note dated July 15, 2015, Chardan Capital Markets initiated an Buy rating and provided a target price of $12 on this stock.
Energous Corp [WATT] stock has fluctuated between $1.51 and $11.18 over the past year. Energous Corp [NASDAQ: WATT] shares were valued at $2.03 at the most recent close of the market.
Analyzing the WATT fundamentals
Energous Corp [NASDAQ:WATT] reported sales of 0.56M for the trailing twelve months, which represents a drop of -24.41%. Gross Profit Margin for this corporation currently stands at -0.16% with Operating Profit Margin at -42.48%, Pretax Profit Margin comes in at -37.21%, and Net Profit Margin reading is -37.37%. To continue investigating profitability, this company’s Return on Assets is posted at -1.07, Equity is -1.06 and Total Capital is -1.51. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.1.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.9600 points at the first support level, and at 1.8900 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.1000, and for the 2nd resistance point, it is at 2.1700.
Energous Corp [WATT] reported earnings per share of -$0.89 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$1.2/share, meaning a difference of $0.31 and a surprise factor of 25.80%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$1.2 per share as compared to estimates of -$1.4 per share, a difference of $0.2 representing a surprise of 14.30%.
Ratios To Look Out For
For context, Energous Corp’s Current Ratio is 4.66. In addition, the Quick Ratio stands at 4.61 and the Cash Ratio stands at 4.34. Considering the valuation of this stock, the price to sales ratio is 22.04, the price to book ratio is 0.68.
Transactions by insiders
Recent insider trading involved Patel Rahul G., Director, that happened on Jan 03 ’24 when 675.0 shares were sold. CEO and President, Johnston Cesar completed a deal on Nov 13 ’23 to buy 52000.0 shares. Meanwhile, Acting CFO (Interim) MANNINA WILLIAM T sold 22356.0 shares on Jun 01 ’23.
