Energous (NASDAQ:WATT) Share Price Crosses Below Two Hundred Day Moving Average of $1.86

Energous Co. (NASDAQ:WATT) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.86 and traded as low as $1.33. Energous shares last traded at $1.35, with a volume of 8,222 shares changing hands.

Analyst Ratings Changes

WATT has been the topic of a number of research reports. StockNews.com initiated coverage on Energous in a report on Thursday. They issued a “sell” rating on the stock. LADENBURG THALM/SH SH lowered Energous from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $3.50 to $2.00 in a report on Friday, April 5th.

Energous Stock Performance

The stock has a market capitalization of $8.21 million, a price-to-earnings ratio of -0.33 and a beta of 2.64. The business has a fifty day simple moving average of $1.78 and a 200 day simple moving average of $1.86.

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

About Energous

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.