Energous Corp (NASDAQ:WATT) price on current trading day, fall -6.03% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.38.
A look at the stock’s price movement, the level at last check in today’s session was $0.41, moving within a range at $0.3755 and $0.43. The beta value (5-Year monthly) was 2.625. Turning to its 52-week performance, $2.75 and $0.28 were the 52-week high and 52-week low respectively. Overall, WATT moved -19.08% over the past month.
Energous Corp’s market cap currently stands at around $3.86 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 500k for the company’s revenue for the quarter, with a low and high estimate of 500k and 500k respectively. The average forecast suggests up to a 445.43% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 910k, representing a 91.91% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that WATT is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend WATT as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
WATT’s current price about 2.87% and -19.82% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.37, while 7-day volatility ratio is 19.24% and 12.91% in the 30-day chart. Further, Energous Corp (WATT) has a beta value of 2.63, and an average true range (ATR) of 0.05.
If we refocus on Energous Corp (NASDAQ:WATT), historical trading data shows that trading volumes averaged 2.01 over the past 10 days and 483.88K over the past 3 months. The company’s latest data on shares outstanding shows there are 10.14 million shares.
The 2.64% of Energous Corp’s shares are in the hands of company insiders while institutional holders own 3.68% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.77 million on 2024-10-31, giving us a short ratio of 3.97. The data shows that as of 2024-10-31 short interest in Energous Corp (WATT) stood at 1127.9999500000001 of shares outstanding, with shares short rising to 0.76 million registered in 2024-09-30. Current price change has pushed the stock -79.20% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the WATT stock continues to rise going into the next quarter.
