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The Futility of Energous Corporation (NASDAQ:WATT)’s Fundamentals

Energous Corporation (NASDAQ:WATT) shares fell to a low of $2.71 before closing at $2.73. Intraday shares traded counted 1.31 million, which was 47.27% higher than its 30-day average trading volume of 2.49M. WATT’s previous close was $2.78 while the outstanding shares total 61.57M. The firm has a beta of 3.28. The stock’s Relative Strength Index (RSI) is 46.28, with weekly volatility at 6.23% and ATR at 0.20. The WATT stock’s 52-week price range has touched low of $1.71 and a $7.69 high. The stock traded lower over the last trading session, losing -1.80% on 05/28/21.

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 $172.21 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 45.66 million total, with 4.03 million as their total liabilities.

WATT were able to record -6.09 million as free cash flow during the 08/10/2021 quarter of the year, this saw their quarterly net cash flow reduce by -5.97 million. In cash movements, the company had a total of -5.98 million as operating cash flow.

Potential earnings growth for Energous Corporation (WATT)

In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/10/2021 quarter of the year, Energous Corporation recorded a total of 0.14 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 57.24% coming in sequential stages and their sales for the 08/10/2021 quarter increasing by 37.93%.

Having a look at the company’s valuation, the company is expected to record -0.50 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, Senior VP, Product Marketing, Sahejpal Neeraj sold 19,022 shares of the company’s stock in a transaction that recorded on May 14. The sale was performed at an average price of 2.50, for a total value of 47,555. As the sale deal closes, the Senior Vice President & CFO, Sereda Brian J now sold 20,430 shares of the company’s stock, valued at 51,075. Also, COO & EVP, Engineering, Johnston Cesar sold 24,813 shares of the company’s stock in a deal that was recorded on May 14. The shares were price at an average price of 2.50 per share, with a total market value of 62,032. Following this completion of acquisition, the COO & EVP, Engineering, Johnston Cesar now holds 4,110 shares of the company’s stock, valued at 16,152. In the last 6 months, insiders have changed their ownership in shares of company stock by 2.20%.

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