In the last trading session, 2.08 million Energous Corp (NASDAQ:WATT) shares changed hands as the company’s beta touched 2.39. With the company’s per share price at $0.66 changed hands at -$0.09 or -11.99% during last session, the market valuation stood at $13.11M. WATT’s last price was a discount, traded about -316.67% off its 52-week high of $2.75. The share price had its 52-week low at $0.28, which suggests the last value was 57.58% up since then. When we look at Energous Corp’s average trading volume, we note the 10-day average is 35.27 million shares, with the 3-month average coming to 5.90 million.
Analysts gave the Energous Corp (WATT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended WATT as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Energous Corp’s EPS for the current quarter is expected to be -0.74.
Energous Corp (NASDAQ:WATT) trade information
Instantly WATT was in red as seen at the end of in last trading. With action -15.92%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -34.64%, with the 5-day performance at -15.92% in the red. However, in the 30-day time frame, Energous Corp (NASDAQ:WATT) is 88.65% up. Looking at the short shares, we see there were 0.77 million shares sold at short interest cover period of 3.97 days.
Energous Corp (WATT) estimates and forecasts
Data shows that the Energous Corp share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -36.53% over the past 6 months, a 18.05% in annual growth rate that is considerably lower than the industry average of 18.20%. Year-over-year growth is forecast to reach 91.91% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 500k. The company’s revenue for the corresponding quarters a year ago was 91.67k. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 445.43%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 36.40%.
WATT Dividends
Energous Corp is expected to release its next quarterly earnings report in February.
Energous Corp (NASDAQ:WATT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.43% of Energous Corp shares while 11.54% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 11.95%. There are 11.54% institutions holding the Energous Corp stock share, with DOHENY ASSET MANAGEMENT /CA the top institutional holder. As of 2024-06-30, the company held 3.512% of the shares, roughly 0.21 million WATT shares worth $0.59 million.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund . With 68.44 shares estimated at $45179.0 under it, the former controlled 0.68% of total outstanding shares. On the other hand, Fidelity Extended Market Index Fund held about 0.42% of the shares, roughly 43.04 shares worth around $28408.0.
