Somewhat Favorable News Coverage Somewhat Unlikely to Impact Energous (WATT) Stock Price

Media stories about Energous (NASDAQ:WATT) have been trending somewhat positive this week, Accern Sentiment reports. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Energous earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 45.2495235878936 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the media stories that may have effected Accern Sentiment’s rankings:

Energous (NASDAQ:WATT) opened at $22.34 on Wednesday. The firm has a market capitalization of $496.25, a PE ratio of -8.73 and a beta of 1.89. Energous has a 52 week low of $6.91 and a 52 week high of $33.50.

Energous (NASDAQ:WATT) last released its quarterly earnings data on Wednesday, November 8th. The industrial products company reported ($0.58) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.55) by ($0.03). The company had revenue of $0.25 million for the quarter, compared to analysts’ expectations of $1.20 million. Energous had a negative net margin of 4,203.27% and a negative return on equity of 263.95%. analysts expect that Energous will post -2.18 earnings per share for the current year.

A number of analysts have commented on WATT shares. Zacks Investment Research cut Energous from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Roth Capital set a $45.80 price target on Energous and gave the stock a “buy” rating in a research report on Thursday, December 28th. Finally, ValuEngine raised Energous from a “sell” rating to a “hold” rating in a research report on Wednesday, December 27th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Energous has an average rating of “Hold” and a consensus price target of $26.27.

In other Energous news, CEO Stephen R. Rizzone sold 75,000 shares of Energous stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $26.04, for a total transaction of $1,953,000.00. Following the completion of the transaction, the chief executive officer now owns 253,609 shares in the company, valued at approximately $6,603,978.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Neeraj Sahejpal sold 2,846 shares of Energous stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $9.35, for a total value of $26,610.10. Following the transaction, the vice president now owns 89,123 shares of the company’s stock, valued at approximately $833,300.05. The disclosure for this sale can be found here. Insiders have sold a total of 271,209 shares of company stock valued at $6,860,170 in the last quarter. Company insiders own 6.30% of the company’s stock.

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Energous Company Profile

Energous Corporation is engaged in developing a technology called WattUp that consists of semiconductor chipsets, software, hardware designs and antennas that can enable radio frequency (RF)-based wire-free charging for electronic devices, providing power at a distance and enabling charging with mobility under software control.

Insider Buying and Selling by Quarter for Energous (NASDAQ:WATT)

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