Energous (NASDAQ:WATT) Downgraded by Wall Street Zen to Sell

by · The Markets Daily

Wall Street Zen downgraded shares of Energous (NASDAQ:WATT – Free Report) from a hold rating to a sell rating in a research report released on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings lowered shares of Energous from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, October 6th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Energous has a consensus rating of “Reduce”.

Check Out Our Latest Analysis on Energous

Energous Price Performance

Shares of NASDAQ WATT opened at $8.57 on Friday. Energous has a 1-year low of $3.62 and a 1-year high of $36.98. The business’s fifty day moving average price is $12.25 and its two-hundred day moving average price is $18.73. The firm has a market capitalization of $47.37 million, a PE ratio of -3.88 and a beta of 1.51.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Fermata Advisors LLC bought a new stake in shares of Energous during the 3rd quarter worth $181,000. Quantinno Capital Management LP purchased a new stake in shares of Energous during the first quarter valued at $220,000. 3Chopt Investment Partners LLC purchased a new position in shares of Energous in the first quarter worth approximately $282,000. Bank of New York Mellon Corp acquired a new stake in Energous during the 2nd quarter valued at $301,000. Finally, Headlands Technologies LLC acquired a new stake in Energous during the 2nd quarter valued at $473,000. 4.35% of the stock is currently owned by institutional investors.

About Energous

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Energous Corporation (NASDAQ: WATT) develops wireless power-at-a-distance technology and related systems. Its WattUp platform uses radio-frequency technology to transmit power wirelessly to compatible devices, with the goal of reducing reliance on conventional charging cables, docks and contact-based charging pads.

The company’s product portfolio includes wireless power transmitters, receivers and reference designs intended for integration into electronic devices and connected products.

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