Energous Corporation (NASDAQ:WATT) price closed higher on Monday, March 21, jumping 11.40% above its previous close.
A look at the daily price movement shows that the last close reads $1.14, with intraday deals fluctuated between $1.17 and $1.35. The company’s 5Y monthly beta was ticking 3.04. Taking into account the 52-week price action we note that the stock hit a 52-week high of $5.25 and 52-week low of $0.95. The stock added 7.63% on its value in the past month.
Energous Corporation, which has a market valuation of $96.47 million, is expected to release its quarterly earnings report Feb 23, 2022 – Feb 28, 2022. Analysts tracking WATT have forecast the quarterly EPS to shrink by -0.1 per share this quarter, while the same analysts predict the annual EPS to hit -$0.58 for the year 2022 and up to -$0.29 for 2022. In this case, analysts estimate an annual EPS growth of 22.70% for the year and 50.00% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $520k, with the likely lows of $300k and highs of $750k. The average estimate suggests sales growth for the quarter will likely rise by 477.80% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $1.04 million for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow 218.00% above that which the company brought in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give WATT a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 2 analysts have assigned WATT a recommendation rating as follows: 0 rate it as a Hold; 2 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Energous Corporation (WATT) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that WATT’s price is at present 15.25% off the SMA20 and 12.03% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 61.36, with weekly volatility standing at 9.90%. The indicator jumps to 7.98% when calculated based on the past 30 days. Energous Corporation (NASDAQ:WATT)’s beta value is holding at 3.02, while the average true range (ATR) indicator is currently reading 0.09. Considering analysts have assigned the stock a price target range of $1.50-$3.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $2.25. Based on this estimate, we see that current price is roughly -18.11% off the estimated low and -136.22% off the forecast high. Investors will no doubt be excited to see the share price fall to $2.25, which is the median consensus price, and at that level WATT would be -77.17% from current price.
Turning out attention to how the Energous Corporation stock has performed in comparison to its peers in the industry, here’s what we find: WATT’s stock is 11.40% on the day and -71.84% in the past 12 months, while BlackBerry Limited (BB) traded 1.42% in the last session and was positioned -33.43% down on its price 12 months ago. Also, SharpLink Gaming Ltd. (SBET) showed down trend of -5.52% while its price kept floating at -75.36% over the past year. Elsewhere in the market, the S&P 500 Index has stumbled -0.04% in last trading session, with the Dow Jones Industrial also saw a negative session on the day with -0.58%.
An analysis of the Energous Corporation (NASDAQ:WATT) stock in terms of its daily trading volume indicates that the 3-month average is 796.86K.
Current records show that the company has 75.41M in outstanding shares. The insiders’ percentage holdings are 2.20% of outstanding shares while the percentage share held by institutions stands at 10.40%. But the 1.60% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.