Energous (NASDAQ:WATT) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Energous (NASDAQ:WATT) in a report published on Wednesday morning. The firm issued a sell rating on the industrial products company’s stock.

Separately, LADENBURG THALM/SH SH lowered Energous from a buy rating to a neutral rating and cut their target price for the company from $3.50 to $2.00 in a research note on Friday, April 5th.

Energous Stock Performance

Shares of Energous stock opened at $1.40 on Wednesday. Energous has a 12 month low of $1.31 and a 12 month high of $8.05. The stock’s fifty day moving average price is $1.88 and its 200-day moving average price is $1.87.

Energous (NASDAQ:WATT) last posted its earnings results on Thursday, March 28th. The industrial products company reported ($0.81) earnings per share (EPS) for the quarter. Energous had a negative net margin of 4,077.47% and a negative return on equity of 126.05%. The company had revenue of $0.09 million during the quarter. On average, equities research analysts forecast that Energous will post -3.43 earnings per share for the current year.

Energous Company Profile

Energous Corporation develops wireless charging applications. The company develops WattUp wireless power technology that consists of semiconductor chipsets, software controls, hardware designs, and antennas that enables radio frequency-based charging for electronic devices. Its products are used in building and home automation, electronic shelf labels, industrial IoT sensors, surface and implanted medical devices, tracking devices, hearables, wearables, consumer electronics, and public safety applications.