Energous (NASDAQ:WATT) Shares Pass Below 50 Day Moving Average of $1.09

Energous Co. (NASDAQ:WATTGet Rating)’s share price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $1.09 and traded as low as $1.00. Energous shares last traded at $1.00, with a volume of 154,339 shares trading hands.

Analyst Upgrades and Downgrades

WATT has been the topic of a number of research reports. StockNews.com initiated coverage on shares of Energous in a research report on Wednesday, October 12th. They set a “sell” rating on the stock. LADENBURG THALM/SH SH boosted their target price on shares of Energous from $1.50 to $1.90 and gave the company a “buy” rating in a research report on Thursday, August 11th.

Energous Trading Down 2.9 %

The stock’s 50-day moving average is $1.09 and its 200-day moving average is $1.11. The company has a market cap of $78.08 million, a price-to-earnings ratio of -2.56 and a beta of 2.59.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in Energous by 1.9% during the first quarter. BlackRock Inc. now owns 896,760 shares of the industrial products company’s stock worth $1,077,000 after buying an additional 17,142 shares during the last quarter. State Street Corp raised its holdings in Energous by 8.9% during the third quarter. State Street Corp now owns 208,725 shares of the industrial products company’s stock worth $215,000 after buying an additional 17,000 shares during the last quarter. Doheny Asset Management CA acquired a new position in Energous during the third quarter worth $65,000. Millennium Management LLC acquired a new position in Energous during the second quarter worth $53,000. Finally, Advisor Group Holdings Inc. raised its holdings in Energous by 52.6% during the first quarter. Advisor Group Holdings Inc. now owns 33,805 shares of the industrial products company’s stock worth $60,000 after buying an additional 11,650 shares during the last quarter. Institutional investors and hedge funds own 8.79% of the company’s stock.

About Energous

(Get Rating)

Energous Corporation develops wireless 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 charging for electronic devices. The company's products are used in building and home automation, electronic shelf labels, industrial IoT sensors, surface and implanted medical devices, tracking devices, hearables, wearables, consumer electronics, and public safety applications.

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