During the recent session, Energous Corporation (NASDAQ:WATT)’s traded shares were 1.17 million, with the beta value of the company hitting 3.33. At the last check today, the stock’s price was $2.40, reflecting an intraday loss of -4.00% or -$0.1. The 52-week high for the WATT share is $7.69, that puts it down -220.42 from that peak though still a striking 28.75% gain since the share price plummeted to a 52-week low of $1.71. The company’s market capitalization is $163.35M, and the average intraday trading volume over the past 10 days was 3.86 million shares, and the average trade volume was 1.88 million shares over the past three months.
Energous Corporation (WATT) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.50. WATT has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.12.
Energous Corporation (NASDAQ:WATT) trade information
Energous Corporation (WATT) registered a -4.00% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -4.00% in intraday trading to $2.40 this Wednesday, 07/21/21, hitting a weekly high. The stock’s 5-day price performance is 2.88%, and it has moved by -9.75% in 30 days. Based on these gigs, the overall price performance for the year is -28.57%. The short interest in Energous Corporation (NASDAQ:WATT) is 4.95 million shares and it means that shorts have 3.35 day(s) to cover.
The consensus price target of analysts on Wall Street is $5.50, which implies an increase of 56.36% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5.00 and $6.00 respectively. As a result, WATT is trading at a discount of -150.0% off the target high and -108.33% off the low.
Energous Corporation (WATT) estimates and forecasts
Statistics show that Energous Corporation has outperformed its competitors in share price, compared to the industry in which it operates. Energous Corporation (WATT) shares have gone down -19.87% during the last six months, with a year-to-date growth rate more than the industry average at 46.05% against 23.90. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 20.00% this quarter and then jump 15.40% in the quarter after that. In the rating firms’ projections, revenue will increase 679.80% compared to the previous financial year.
Revenue for the current quarter is expected to be $350k as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to $750k by the end of Sep 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $100k and $62k respectively. In this case, analysts expect current quarter sales to grow by 250.00% and then jump by 1,109.70% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 18.10%. While earnings are projected to return 39.80% in 2021.
Energous Corporation is due to release its next quarterly earnings on May 12. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Energous Corporation (NASDAQ:WATT)’s Major holders
Energous Corporation insiders own 2.56% of total outstanding shares while institutional holders control 13.63%, with the float percentage being 13.99%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 97 institutions own stock in it. As of Mar 30, 2021, the company held over 1.86 million shares (or 3.00% of all shares), a total value of $7.55 million in shares.
The next largest institutional holding, with 1.04 million shares, is of Susquehanna International Group, LLP’s that is approximately 1.68% of outstanding shares. At the market price on Mar 30, 2021, these shares were valued at $4.23 million.
Also, the Mutual Funds coming in first place with the largest holdings of Energous Corporation (WATT) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. Data provided on Mar 30, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 1.2 million shares. This amounts to just over 1.94 percent of the company’s overall shares, with a $4.87 million market value. The same data shows that the other fund manager holds slightly less at 0.59 million, or about 0.96% of the stock, which is worth about $2.41 million.