Energous (NASDAQ:WATT) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Shares of Energous Corporation (NASDAQ:WATT) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.79 and traded as low as $5.00. Energous shares last traded at $5.50, with a volume of 415,456 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Energous in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Energous currently has an average rating of “Sell”.

Energous Stock Up 8.7%

The firm has a market cap of $11.99 million, a PE ratio of -0.30 and a beta of 0.74. The business has a 50-day moving average price of $5.41 and a two-hundred day moving average price of $7.79.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Energous stock. Flagship Harbor Advisors LLC acquired a new position in shares of Energous Corporation (NASDAQ:WATT) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,253 shares of the industrial products company’s stock, valued at approximately $87,000. Flagship Harbor Advisors LLC owned approximately 0.62% of Energous at the end of the most recent quarter. 4.35% of the stock is currently owned by institutional investors and hedge funds.

Energous Company Profile

Energous Corporation develops and commercializes radio frequency (RF)–based wireless charging technology designed to deliver power over the air to compatible devices. Its WattUp platform includes near‐field and far‐field transmitters that emit targeted RF energy and receiver modules that convert that energy into electrical power. The company’s solutions aim to eliminate the need for cables and charging pads by enabling contactless power delivery to a range of products, from wearables and IoT sensors to medical devices and consumer electronics.