Energous Corp (NASDAQ:WATT)’s traded shares stood at 2.93 million during the last session, with the company’s beta value hitting 2.37. At the close of trading, the stock’s price was $0.52, to imply a decrease of -9.48% or -$0.06 in intraday trading. The WATT share’s 52-week high remains $2.75, putting it -428.85% down since that peak but still an impressive 46.15% since price per share fell to its 52-week low of $0.28. The company has a valuation of $10.43M, with an average of 11.46 million shares in intraday trading volume over the past 10 days and average of 6.01 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Energous Corp (WATT), translating to a mean rating of 1.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give WATT a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.74.
Energous Corp (NASDAQ:WATT) trade information
After registering a -9.48% downside in the last session, Energous Corp (WATT) has traded red over the past five days. The 5-day price performance for the stock is -34.13%, and 64.06% over 30 days. With these gigs, the year-to-date price performance is -48.02%. Short interest in Energous Corp (NASDAQ:WATT) saw shorts transact 0.77 million shares and set a 3.97 days time to cover.
Energous Corp (WATT) estimates and forecasts
Looking at statistics comparing Energous Corp share performance against respective industry, we note that the company has underperformed competitors. Energous Corp (WATT) shares are -47.50% down over the last 6 months, with its year-to-date growth rate lower than industry average at 18.05% against 18.30%. The rating firms project that company’s revenue will grow 91.91% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 500k.
WATT Dividends
Energous Corp has its next earnings report out in February. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Energous Corp (NASDAQ:WATT)’s Major holders
Energous Corp insiders hold 3.43% of total outstanding shares, with institutional holders owning 11.54% of the shares at 11.95% float percentage. In total, 11.54% institutions holds shares in the company, led by DOHENY ASSET MANAGEMENT /CA. As of 2024-06-30, the company held over 0.21 million shares (or 3.512% of shares), all amounting to roughly $0.59 million.
We also have Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund as the top two Mutual Funds with the largest holdings of the Energous Corp (WATT) shares. Going by data provided on Sep 30, 2024 , Vanguard Extended Market Index Fund holds roughly 68.44 shares. This is just over 0.68% of the total shares, with a market valuation of $35932.0. Data from the same date shows that the other fund manager holds a little less at 43.04, or 0.42% of the shares, all valued at about 22593.0.
