News stories about Energous (NASDAQ:WATT) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Energous earned a daily sentiment score of 0.21 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 44.7418370067645 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Energous Corporation (WATT) Short Interest Update (americanbankingnews.com)
- Energous CTO Leabman Steps Down for ‘Personal Endeavors,’ Family, Says Company (finance.yahoo.com)
- Energous CEO Rizzone: We Went Over Our Skis, But We’ve Disproven The Skeptics (finance.yahoo.com)
- Energous Corporation Announces Participation in 20th Annual Needham Growth Conference (finance.yahoo.com)
- Is Energous Corp Stock the Real Deal or Just a Fake-Out? (investorplace.com)
Energous (WATT) opened at $20.00 on Friday. Energous has a twelve month low of $6.91 and a twelve month high of $33.50. The stock has a market capitalization of $444.27, a PE ratio of -7.81 and a beta of 1.93.
Energous (NASDAQ:WATT) last released its quarterly earnings results on Wednesday, November 8th. The industrial products company reported ($0.58) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.55) by ($0.03). Energous had a negative net margin of 4,203.27% and a negative return on equity of 263.95%. The business had revenue of $0.25 million during the quarter, compared to the consensus estimate of $1.20 million. equities analysts predict that Energous will post -2.18 EPS for the current fiscal year.
A number of brokerages have issued reports on WATT. ValuEngine raised Energous from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. Ladenburg Thalmann Financial Services lifted their price target on Energous from $20.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, January 3rd. Zacks Investment Research cut Energous from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Finally, Roth Capital set a $45.80 price target on Energous and gave the company a “buy” rating in a report on Thursday, December 28th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $30.93.
In other Energous news, CEO Stephen R. Rizzone sold 75,000 shares of the business’s stock in a transaction dated Saturday, December 29th. The stock was sold at an average price of $26.04, for a total transaction of $1,953,000.00. Following the completion of the sale, the chief executive officer now directly owns 253,609 shares of the company’s stock, valued at approximately $6,603,978.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Neeraj Sahejpal sold 2,846 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $9.35, for a total value of $26,610.10. Following the sale, the vice president now directly owns 89,123 shares of the company’s stock, valued at $833,300.05. The disclosure for this sale can be found here. Insiders sold 282,562 shares of company stock valued at $7,128,895 over the last ninety days. 6.30% of the stock is currently owned by company insiders.
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Energous Corporation is engaged in developing a technology called WattUp that consists of semiconductor chipsets, software, hardware designs and antennas that can enable radio frequency (RF)-based wire-free charging for electronic devices, providing power at a distance and enabling charging with mobility under software control.
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