Energous (NASDAQ:WATT) Coverage Initiated by Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of Energous (NASDAQ:WATT) in a research report issued to clients and investors on Wednesday. The firm set a “sell” rating on the industrial products company’s stock.

Separately, LADENBURG THALM/SH SH cut shares of Energous from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $3.50 to $2.00 in a research note on Friday, April 5th.

Energous Price Performance

Shares of NASDAQ:WATT opened at $1.36 on Wednesday. The stock has a market cap of $8.27 million, a P/E ratio of -0.33 and a beta of 2.55. The firm has a fifty day moving average price of $1.89 and a 200 day moving average price of $1.87. Energous has a 1-year low of $1.31 and a 1-year high of $8.65.

Energous (NASDAQ:WATT) last issued its quarterly earnings results on Thursday, March 28th. The industrial products company reported ($0.81) earnings per share for the quarter. The business had revenue of $0.09 million for the quarter. Energous had a negative return on equity of 126.05% and a negative net margin of 4,077.47%. Sell-side analysts expect that Energous will post -3.43 EPS for the current fiscal year.

About Energous

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.