Energous (WATT) Scheduled to Post Earnings on Thursday

Energous (NASDAQ:WATT) is set to release its Q2 earnings data after the market closes on Thursday, August 8th. Analysts expect Energous to post earnings of ($0.37) per share for the quarter.

Shares of NASDAQ WATT opened at $3.81 on Wednesday. Energous has a 12 month low of $3.59 and a 12 month high of $14.67. The business’s 50 day simple moving average is $4.22. The company has a market cap of $115.90 million, a P/E ratio of -1.91 and a beta of 1.73.

Several brokerages have recently commented on WATT. ValuEngine upgraded Energous from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research reiterated a “buy” rating and set a $5.25 target price on shares of Energous in a research note on Saturday, July 20th. Roth Capital reduced their target price on Energous from $18.10 to $12.70 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Finally, LADENBURG THALM/SH SH upgraded Energous from a “neutral” rating to a “buy” rating and set a $6.50 target price for the company in a research note on Wednesday, May 1st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $14.86.

In related news, CFO Brian J. Sereda sold 20,000 shares of Energous stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $4.51, for a total transaction of $90,200.00. Following the completion of the sale, the chief financial officer now directly owns 169,499 shares of the company’s stock, valued at approximately $764,440.49. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Brian J. Sereda sold 15,300 shares of Energous stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $4.59, for a total value of $70,227.00. Following the sale, the insider now directly owns 139,699 shares of the company’s stock, valued at $641,218.41. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,879 shares of company stock valued at $194,681. 7.00% of the stock is currently owned by insiders.

Energous Company Profile

Energous Corporation develops wire-free charging solutions. The company develops WattUp wireless power technology that consists of semiconductor chipsets, software controls, hardware designs, and antennas that enables radio frequency based wire-free charging for electronic devices. It has a collaboration with vivo Global to explore integrating WattUp into smartphone designs that charge wirelessly over-the-air.

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Earnings History for Energous (NASDAQ:WATT)

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