Energous (NASDAQ:WATT) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Energous Co. (NASDAQ:WATT) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.28 and traded as low as $0.26. Energous shares last traded at $0.28, with a volume of 928,742 shares.

Energous Trading Up 4.6%

The business’s fifty day simple moving average is $0.28 and its 200-day simple moving average is $0.43. The firm has a market cap of $9.56 million, a P/E ratio of -0.09 and a beta of 0.73.

Energous (NASDAQ:WATT) last announced its quarterly earnings results on Tuesday, May 13th. The industrial products company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.88) by $0.79. The company had revenue of $0.34 million during the quarter, compared to analyst estimates of $0.44 million. Energous had a negative return on equity of 317.56% and a negative net margin of 4,368.98%. Analysts anticipate that Energous Co. will post -3.01 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Energous stock. Jane Street Group LLC bought a new position in Energous Co. (NASDAQ:WATT) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 33,832 shares of the industrial products company’s stock, valued at approximately $34,000. Jane Street Group LLC owned 0.33% of Energous at the end of the most recent reporting period. 4.35% of the stock is currently owned by institutional investors.

About Energous

Energous Corporation provides wireless charging system solutions in the United States. The company develops WattUp wireless power networks technology that consists of semiconductor chipsets; software controls; hardware designs; and antennas that enables radio frequency-based charging for Internet of Things devices.