Energous (NASDAQ:WATT) Coverage Initiated by Analysts at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Energous (NASDAQ:WATT) in a research report issued to clients and investors on Wednesday. The firm set a “sell” rating on the industrial products company’s stock.

Separately, LADENBURG THALM/SH SH downgraded shares of Energous from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $3.50 to $2.00 in a research note on Friday, April 5th.

Energous Trading Up 0.7 %

Shares of NASDAQ:WATT opened at $1.36 on Wednesday. Energous has a 12 month low of $1.31 and a 12 month high of $8.65. The company has a 50-day moving average price of $1.89 and a 200 day moving average price of $1.87. The company has a market cap of $8.27 million, a price-to-earnings ratio of -0.33 and a beta of 2.55.

Energous (NASDAQ:WATT) last announced its quarterly earnings results on Thursday, March 28th. The industrial products company reported ($0.81) EPS for the quarter. The business had revenue of $0.09 million during the quarter. Energous had a negative net margin of 4,077.47% and a negative return on equity of 126.05%. As a group, equities analysts forecast that Energous will post -3.43 EPS for the current year.

About Energous

Energous Corporation develops wireless charging applications. The company develops WattUp wireless power technology that consists of semiconductor chipsets, software controls, hardware designs, and antennas that enables radio frequency-based charging for electronic devices. Its products are used in building and home automation, electronic shelf labels, industrial IoT sensors, surface and implanted medical devices, tracking devices, hearables, wearables, consumer electronics, and public safety applications.