Energous’ (WATT) Sell (E+) Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (e+) rating on shares of Energous (NASDAQ:WATT) in a research note published on Friday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded shares of Energous to a “hold” rating in a research note on Friday, July 18th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Energous Trading Up 1.9%

Energous stock opened at $8.46 on Friday. Energous has a 52 week low of $3.67 and a 52 week high of $81.00. The stock has a market cap of $15.40 million, a P/E ratio of -0.27 and a beta of 0.60. The stock has a 50 day moving average of $7.98 and a 200-day moving average of $8.84.

Energous (NASDAQ:WATT) last posted its quarterly earnings results on Tuesday, July 29th. The industrial products company reported ($2.40) earnings per share (EPS) for the quarter, beating the consensus estimate of ($25.80) by $23.40. Energous had a negative net margin of 1.40% and a negative return on equity of 282.11%. The firm had revenue of $0.98 million for the quarter, compared to analysts’ expectations of $0.59 million. As a group, equities analysts predict that Energous will post -3.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Energous

In other Energous news, CEO Mallorie Sara Burak purchased 6,400 shares of Energous stock in a transaction dated Thursday, August 21st. The shares were bought at an average cost of $7.88 per share, for a total transaction of $50,432.00. Following the transaction, the chief executive officer owned 10,132 shares in the company, valued at $79,840.16. This represents a 171.49% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.08% of the company’s stock.

Energous Company Profile

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.