Energous (WATT) – Research Analysts’ Weekly Ratings Updates

Energous (NASDAQ: WATT) recently received a number of ratings updates from brokerages and research firms:

• 4/16/2024 – Energous is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 4/8/2024 – Energous is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 4/5/2024 – Energous was downgraded by analysts at LADENBURG THALM/SH SH from a “buy” rating to a “neutral” rating. They now have a $2.00 price target on the stock, down previously from $3.50.
• 3/31/2024 – Energous is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 3/23/2024 – Energous is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 3/15/2024 – Energous is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 3/7/2024 – Energous is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 2/28/2024 – Energous is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 2/20/2024 – Energous is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.

Energous Trading Up 3.9 %

Shares of WATT stock opened at $1.48 on Friday. The firm has a 50-day moving average price of $1.92 and a 200 day moving average price of $1.87. Energous Co. has a twelve month low of $1.42 and a twelve month high of $9.36. The company has a market capitalization of $9.00 million, a price-to-earnings ratio of -0.36 and a beta of 2.55.

Institutional Trading of Energous

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. grew its holdings in shares of Energous by 52.6% during the 1st quarter. Advisor Group Holdings Inc. now owns 33,805 shares of the industrial products company’s stock worth $60,000 after purchasing an additional 11,650 shares during the period. BlackRock Inc. boosted its holdings in Energous by 1.9% in the 1st quarter. BlackRock Inc. now owns 896,760 shares of the industrial products company’s stock worth $1,077,000 after acquiring an additional 17,142 shares during the period. State Street Corp raised its position in shares of Energous by 10.3% in the 1st quarter. State Street Corp now owns 169,425 shares of the industrial products company’s stock valued at $203,000 after purchasing an additional 15,766 shares in the last quarter. Millennium Management LLC acquired a new position in shares of Energous in the 2nd quarter valued at approximately $53,000. Finally, Jane Street Group LLC raised its position in shares of Energous by 145.6% in the 4th quarter. Jane Street Group LLC now owns 33,183 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 19,671 shares in the last quarter. Hedge funds and other institutional investors own 4.35% of the company’s stock.

Energous Corporation develops wireless charging applications. 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. Its 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.