Energous (NASDAQ:WATT) posted its earnings results on Wednesday. The industrial products company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.01), Fidelity Earnings reports. The firm had revenue of $0.05 million for the quarter. Energous had a negative net margin of 19,009.41% and a negative return on equity of 139.51%.
Shares of NASDAQ WATT traded down $0.10 during midday trading on Friday, reaching $1.37. 792,952 shares of the stock traded hands, compared to its average volume of 823,599. The company has a debt-to-equity ratio of 0.08, a current ratio of 6.54 and a quick ratio of 6.54. The stock has a market capitalization of $46.31 million, a PE ratio of -1.08 and a beta of 1.61. Energous has a one year low of $1.33 and a one year high of $6.79. The company’s 50 day moving average is $1.76 and its 200 day moving average is $2.56.
WATT has been the subject of a number of research reports. Roth Capital lowered their target price on Energous from $8.20 to $7.00 and set a “buy” rating for the company in a research report on Friday, November 8th. ValuEngine upgraded Energous from a “hold” rating to a “buy” rating in a research report on Friday, January 3rd. Finally, Zacks Investment Research reiterated a “hold” rating and set a $2.00 target price on shares of Energous in a research report on Saturday, January 11th.
Energous Corporation develops wire-free charging solutions. The company develops WattUp wireless power technology that consists of semiconductor chipsets, software controls, hardware designs, and antennas that enables radio frequency based wire-free charging for electronic devices. It has a collaboration with vivo Global to explore integrating WattUp into smartphone designs that charge wirelessly over-the-air.
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