Energous Corp (WATT) Stock Could Soon Reward Patient Investors

Energous Corp (NASDAQ: WATT) is 21.78% higher on its value in year-to-date trading and has touched a low of $0.28 and a high of $2.75 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 $0.79 in the last trading session, with the day’s gains setting it 0.44%.

Currently trading at $1.23, the stock is 109.51% and 124.17% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 43.66 million and changing 56.67% at the moment leaves the stock 27.05% off its SMA200. WATT registered -27.22% loss for a year compared to 6-month loss of 18.27%. The firm has a 50-day simple moving average (SMA 50) of $0.53608 and a 200-day simple moving average (SMA200) of $0.97039.

The stock witnessed a 179.55% gain in the last 1 month and extending the period to 3 months gives it a 119.64%, and is 203.70% 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 77.11% over the week and 29.27% over the month.

Energous Corp (WATT) has around 37 employees, a market worth around $12.29M and $0.43M in sales. Profit margin for the company is -4372.24%. Distance from 52-week low is 338.82% and -55.27% from its 52-week high. The company has generated returns on investments over the last 12 months (-4348.73%).

Energous Corp (WATT) Top Institutional Holders

36.0 institutions hold shares in Energous Corp (WATT), with institutional investors hold 11.95% of the company’s shares. The shares outstanding are 12.37M, and float is at 12.04M with Short Float at 7.93%. Institutions hold 11.54% of the Float.

The top institutional shareholder in the company is DOHENY ASSET MANAGEMENT /CA with over 0.21 million shares valued at $0.59 million. The investor’s holdings represent 3.512% of the WATT Shares outstanding.