Energous (NASDAQ:WATT) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Energous (NASDAQ:WATT) in a research report issued on Thursday. The firm set a “sell” rating on the industrial products company’s stock.

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

Energous Trading Down 2.9 %

Energous stock opened at $1.35 on Thursday. Energous has a 12-month low of $1.30 and a 12-month high of $8.05. The firm has a market capitalization of $8.21 million, a price-to-earnings ratio of -0.33 and a beta of 2.64. The firm has a 50 day moving average of $1.78 and a 200 day moving average of $1.86.

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

Energous Company Profile

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.