Energous (NASDAQ:WATT) Shares Cross Above 50 Day Moving Average – Time to Sell?

Energous Corporation (NASDAQ:WATT) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $5.72 and traded as high as $9.30. Energous shares last traded at $9.05, with a volume of 160,983 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Energous in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Energous Stock Performance

The stock’s 50 day simple moving average is $5.72 and its 200 day simple moving average is $7.44. The firm has a market capitalization of $19.73 million, a P/E ratio of -0.50 and a beta of 0.95.

Institutional Trading of Energous

An institutional investor recently bought a new position in Energous stock. Flagship Harbor Advisors LLC bought a new stake in shares of Energous Corporation (NASDAQ:WATT) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 11,253 shares of the industrial products company’s stock, valued at approximately $87,000. Flagship Harbor Advisors LLC owned 0.62% of Energous as of its most recent filing with the Securities and Exchange Commission. 4.35% of the stock is owned by institutional investors.

Energous Company Profile

Energous Corporation develops and commercializes radio frequency (RF)–based wireless charging technology designed to deliver power over the air to compatible devices. Its WattUp platform includes near‐field and far‐field transmitters that emit targeted RF energy and receiver modules that convert that energy into electrical power. The company’s solutions aim to eliminate the need for cables and charging pads by enabling contactless power delivery to a range of products, from wearables and IoT sensors to medical devices and consumer electronics.