Energous Corporation (NASDAQ:WATT) previous close was $4.09 while the outstanding shares total 49.21M. The firm has a beta of 3.42. WATT’s shares traded lower over the last trading session, losing -3.42% on 04/07/21. The shares fell to a low of $3.89 before closing at $3.95. Intraday shares traded counted 1.6 million, which was 80.99% higher than its 30-day average trading volume of 8.43M. The stock’s Relative Strength Index (RSI) is 47.92, with weekly volatility at 6.01% and ATR at 0.41. The WATT stock’s 52-week price range has touched low of $0.73 and a $7.69 high.
Investors have identified the Scientific & Technical Instruments company Energous Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $238.90 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Energous Corporation (WATT) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 51.44 million total, with 3.51 million as their total liabilities.
Having a look at the company’s valuation, the company is expected to record -0.43 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on WATT sounds very interesting.
Is the stock of WATT attractive?
In related news, COO & EVP, Engineering, Johnston Cesar sold 4,110 shares of the company’s stock in a transaction that recorded on Mar 26. The sale was performed at an average price of 3.93, for a total value of 16,152. As the sale deal closes, the Senior Vice President & CFO, Sereda Brian J now sold 15,633 shares of the company’s stock, valued at 68,813. Also, Senior Vice President & CFO, Sereda Brian J sold 30,000 shares of the company’s stock in a deal that was recorded on Mar 11. The shares were price at an average price of 4.25 per share, with a total market value of 127,500. Following this completion of acquisition, the Senior VP, Product Marketing, Sahejpal Neeraj now holds 10,000 shares of the company’s stock, valued at 40,039. In the last 6 months, insiders have changed their ownership in shares of company stock by 2.70%.
2 out of 2 analysts covering the stock have rated it a Buy, while 0 have maintained a Hold recommendation on Energous Corporation. 0 analysts has assigned a Sell rating on the WATT stock. The 12-month mean consensus price target for the company’s shares has been set at $6.50.