90 institutions hold shares in Energous Corporation (WATT), with 3.22M shares held by insiders accounting for 5.21% while institutional investors hold 13.53% of the company’s shares. The shares outstanding are 49.21M, and float is at 41.61M with Short Float at 8.56%. Institutions hold 12.83% of the Float.
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The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 1.75 million shares valued at $3.15 million. The investor’s holdings represent 2.83% of the WATT Shares outstanding. As of Dec 30, 2020, the second largest holder is Susquehanna International Group, LLP with 1.2 million shares valued at $2.16 million to account for 1.94% of the shares outstanding. The other top investors are Morgan Stanley which holds 0.81 million shares representing 1.30% and valued at over $1.45 million, while Blackrock Inc. holds 1.26% of the shares totaling 0.78 million with a market value of $1.4 million.
Energous Corporation (NASDAQ: WATT) is 119.44% higher on its value in year-to-date trading and has touched a low of $0.73 and a high of $7.69 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WATT stock was last observed hovering at around $4.09 in the last trading session, with the day’s loss setting it -0.14% off its average median price target of $6.50 for the next 12 months. It is also 43.57% off the consensus price target high of $7.00 offered by 2 analysts, but current levels are 34.17% higher than the price target low of $6.00 for the same period.
Currently trading at $3.95, the stock is -3.52% and -5.42% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.6 million and changing -3.42% at the moment leaves the stock 27.61% off its SMA200. WATT registered 438.95% gain for a year compared to 6-month gain of 39.08%. The firm has a 50-day simple moving average (SMA 50) of $4.3000 and a 200-day simple moving average (SMA200) of $3.0119.
The stock witnessed a 10.03% loss in the last 1 month and extending the period to 3 months gives it a 90.82%, and is 1.80% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.01% over the week and 9.94% over the month.
Energous Corporation (WATT) has around 54 employees, a market worth around $238.90M and $0.30M in sales. Distance from 52-week low is 441.10% and -48.63% from its 52-week high. The company has generated returns on investments over the last 12 months (-65.00%).
Energous Corporation (WATT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Energous Corporation (WATT) is a “Buy”. 2 analysts offering their recommendations for the stock have an average rating of 1.50, where 0 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Energous Corporation is expected to release its quarterly report on 08/10/2021 and quarterly earnings per share for the current quarter are estimated at -$0.12 with sales reaching $120k over the same period.The EPS is expected to grow by 39.80% this year, but quarterly earnings will post 762.40% year-over-year.
Energous Corporation (WATT) Insider Activity
A total of 40 insider transactions have happened at Energous Corporation (WATT) in the last six months, with sales accounting for 25 and purchases happening 15 times. The most recent transaction is an insider sale by Johnston Cesar, the company’s COO & EVP, Engineering. SEC filings show that Johnston Cesar sold 4,110 shares of the company’s common stock on Mar 26 at a price of $3.93 per share for a total of $16152.0. Following the sale, the insider now owns 0.48 million shares.
Energous Corporation disclosed in a document filed with the SEC on Mar 12 that Sereda Brian J (Senior Vice President & CFO) sold a total of 15,633 shares of the company’s common stock. The trade occurred on Mar 12 and was made at $4.40 per share for $68813.0. Following the transaction, the insider now directly holds 0.22 million shares of the WATT stock.
Still, SEC filings show that on Mar 11, Sereda Brian J (Senior Vice President & CFO) disposed off 30,000 shares at an average price of $4.25 for $0.13 million. The insider now directly holds 232,597 shares of Energous Corporation (WATT).
Energous Corporation (WATT): Who are the competitors?
The company’s main competitors (and peers) include BlackBerry Limited (BB) that is trading 156.03% up over the past 12 months. Mer Telemanagement Solutions Ltd. (MTSL) is 278.26% up on the 1-year trading charts. Short interest in the company’s stock has fallen -48.95% from the last report on Mar 14, 2021 to stand at a total of 3.56 million short shares sold with a short interest ratio of 0.23.