On Tuesday, Energous Corp (NASDAQ: WATT) opened higher 6.05% from the last session, before settling in for the closing price of $0.58. Price fluctuations for WATT have ranged from $0.54 to $2.75 over the past 52 weeks.
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Annual sales at Technology sector company grew by 20.36% over the past five years. Company’s average yearly earnings per share was noted 24.10% at the time writing. With a float of $6.56 million, this company’s outstanding shares have now reached $6.79 million.
Let’s look at the performance matrix of the company that is accounted for 37 employees. In terms of profitability, gross margin is -17.69%, operating margin of -5318.8%, and the pretax margin is -5285.48%.
Energous Corp (WATT) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Scientific & Technical Instruments industry is another important factor to consider. The insider ownership of Energous Corp is 3.43%, while institutional ownership is 8.97%. The most recent insider transaction that took place on Jan 03 ’24, was worth 1,080. In this transaction Director of this company sold 675 shares at a rate of $1.60, taking the stock ownership to the 3,659 shares. Before that another transaction happened on Nov 13 ’23, when Company’s CEO and President bought 52,000 for $1.82, making the entire transaction worth $94,640. This insider now owns 91,651 shares in total.
Energous Corp (WATT) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 24.10% per share during the next fiscal year.
Energous Corp (NASDAQ: WATT) Trading Performance Indicators
Check out the current performance indicators for Energous Corp (WATT). In the past quarter, the stock posted a quick ratio of 1.35. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 11.29.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.47, a number that is poised to hit -0.74 in the next quarter and is forecasted to reach -2.56 in one year’s time.
Technical Analysis of Energous Corp (WATT)
Energous Corp (NASDAQ: WATT) saw its 5-day average volume 0.44 million, a positive change from its year-to-date volume of 99990.0. As of the previous 9 days, the stock’s Stochastic %D was 41.27%. Additionally, its Average True Range was 0.05.
During the past 100 days, Energous Corp’s (WATT) raw stochastic average was set at 8.34%, which indicates a significant decrease from 67.08% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 53.60% in the past 14 days, which was lower than the 79.24% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.6791, while its 200-day Moving Average is $1.2789. Nevertheless, the first resistance level for the watch stands at $0.6284 in the near term. At $0.6417, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.6634. If the price goes on to break the first support level at $0.5934, it is likely to go to the next support level at $0.5717. The third support level lies at $0.5584 if the price breaches the second support level.
Energous Corp (NASDAQ: WATT) Key Stats
There are currently 6,795K shares outstanding in the company with a market cap of 4.18 million. Presently, the company’s annual sales total 470 K according to its annual income of -19,370 K. Last quarter, the company’s sales amounted to 50 K and its income totaled -4,260 K.
