Energous (NASDAQ:WATT) Upgraded at Wall Street Zen

Energous (NASDAQ:WATT) was upgraded by equities research analysts at Wall Street Zen to a “hold” rating in a report released on Friday.

Energous Price Performance

Energous stock opened at $0.52 on Friday. The business has a 50 day moving average of $0.30 and a 200-day moving average of $0.37. Energous has a 1 year low of $0.12 and a 1 year high of $2.70. The company has a market capitalization of $17.75 million, a P/E ratio of -0.32 and a beta of 0.74.

Energous (NASDAQ:WATT) last released its earnings results on Tuesday, May 13th. The industrial products company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.88) by $0.79. The business had revenue of $0.34 million during the quarter, compared to the consensus estimate of $0.44 million. Energous had a negative net margin of 1,448.42% and a negative return on equity of 489.87%. Equities analysts anticipate that Energous will post -3.01 EPS for the current year.

Institutional Investors Weigh In On Energous

A hedge fund recently bought a new stake in Energous stock. Jane Street Group LLC purchased a new stake in Energous Corporation (NASDAQ:WATT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 33,832 shares of the industrial products company’s stock, valued at approximately $34,000. Jane Street Group LLC owned about 0.33% of Energous at the end of the most recent quarter. 4.35% of the stock is owned by hedge funds and other institutional investors.

About Energous

Energous Corporation provides wireless charging system solutions in the United States. The company develops WattUp wireless power networks technology that consists of semiconductor chipsets; software controls; hardware designs; and antennas that enables radio frequency-based charging for Internet of Things devices.