Energous Corp (NASDAQ: WATT) Stock Forecast 2024: Profitable With Bullish Signals

In the last trading session, 3.0 million shares of the Energous Corp (NASDAQ:WATT) were traded, and its beta was 2.63. Most recently the company’s share price was $0.41, and it changed around $0.0 or 0.00% from the last close, which brings the market valuation of the company to $4.11M. WATT currently trades at a discount to its 52-week high of $2.75, offering almost -570.73% off that amount. The share price’s 52-week low was $0.28, which indicates that the current value has risen by an impressive 31.71% since then. We note from Energous Corp’s average daily trading volume that its 10-day average is 2.27 million shares, with the 3-month average coming to 483.88K.

Energous Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended WATT as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight.

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Energous Corp (NASDAQ:WATT) trade information

The performance over the last five days has remained in the green territory. The rise to weekly highs of 0.4300 on recent trading dayincreased the stock’s daily price by 4.65%. The company’s shares are currently down -77.87% year-to-date, but still up 36.82% over the last five days. On the other hand, Energous Corp (NASDAQ:WATT) is -13.88% down in the 30-day period. We can see from the shorts that 0.77 million shares have been sold at a short interest cover period of 3.97 day(s).

Energous Corp (WATT) estimates and forecasts

Energous Corp share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -62.84 percent over the past six months and at a 18.05% annual growth rate that is well below the industry average of 18.10%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 36.40%.

WATT Dividends

Energous Corp’s next quarterly earnings report is expected to be released in January.

Energous Corp (NASDAQ:WATT)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 3.43% of Energous Corp shares, and 11.54% of them are in the hands of institutional investors. The stock currently has a share float of 11.95%. Energous Corp stock is held by 36.0 institutions, with DOHENY ASSET MANAGEMENT /CA being the largest institutional investor. By 2024-06-30, it held 3.512% of the shares, which is about 0.21 million shares worth $0.59 million.