Energous (NASDAQ:WATT) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Energous Co. (NASDAQ:WATT)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.52 and traded as low as $0.27. Energous shares last traded at $0.28, with a volume of 274,964 shares trading hands.

Energous Trading Down 2.9 %

The firm has a market cap of $8.42 million, a P/E ratio of -0.09 and a beta of 2.41. The stock has a 50 day simple moving average of $0.39 and a 200-day simple moving average of $0.52.

Energous (NASDAQ:WATT) last announced its quarterly earnings results on Thursday, February 27th. The industrial products company reported ($0.33) earnings per share for the quarter. Energous had a negative return on equity of 317.56% and a negative net margin of 4,368.98%. The business had revenue of $0.43 million during the quarter. As a group, equities analysts forecast that Energous Co. will post -3.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Energous stock. Jane Street Group LLC acquired a new stake in shares of Energous Co. (NASDAQ:WATT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,832 shares of the industrial products company’s stock, valued at approximately $34,000. Jane Street Group LLC owned 0.33% of Energous at the end of the most recent reporting period. 4.35% of the stock is currently owned by institutional investors and hedge funds.

About Energous

Energous Corporation provides wireless charging system solutions in the United States. The company develops WattUp wireless power networks technology that consists of semiconductor chipsets; software controls; hardware designs; and antennas that enables radio frequency-based charging for Internet of Things devices.