The stock of Energous Corp (NASDAQ:WATT) last traded at $0.36, up 18.57% from the previous session.
WATT stock price is now -25.94% away from the 50-day moving average and -64.02% away from the 200-day moving average. The market capitalization of the company currently stands at $3.67M.
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With the price target maintained at $2, Ladenburg Thalmann recently Upgraded its rating from Neutral to Buy for Energous Corp (NASDAQ: WATT). On April 05, 2024, Ladenburg Thalmann Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $3.50 to quote $2, while the Ladenburg Thalmann previously rated the stock as ‘Buy’ on May 01, 2019.
In other news, Patel Rahul G., Director sold 675 shares of the company’s stock on Jan 03 ’24. The stock was sold for $1,080 at an average price of $1.60. Upon completion of the transaction, the Director now directly owns 3,659 shares in the company, valued at $1317.24. A total of 2.64% of the company’s stock is owned by insiders.
During the past 12 months, Energous Corp has had a low of $0.28 and a high of $2.75. As of last week, the company has a debt-to-equity ratio of 1.79, a current ratio of 0.81, and a quick ratio of 0.60. The fifty day moving average price for WATT is $0.48636 and a two-hundred day moving average price translates $1.00077 for the stock.
The latest earnings results from Energous Corp (NASDAQ: WATT) was released for 2024-06-30. The net profit margin was -4372.24% and return on equity was -243.94% for WATT. The company reported revenue of $0.23 million for the quarter, compared to $0.17 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 36.09 percent.
