FCC approves 'power-at-a-distance' wireless charger

Cornelia Mascio
Dicembre 29, 2017

Of those insider trades, 0 shares of Energous Corporation were purchased and 3.24 million shares were sold. Ontario - Canada-based Financial Bank Of Montreal Can has invested 0% in Energous Corporation (NASDAQ:WATT).

29,114 were reported by Barclays Plc. Ascend Capital Ltd Llc, a California-based fund reported 1.62 million shares. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. State Street Corp reported 263,761 shares. Relative Strength Index (RSI-14) for Energous Corporation (WATT) is at 91.57. One Trading Limited Partnership invested in 56,729 shares. Goldman Sachs Group Inc holds 71,394 shares.

Energous Corporation (WATT) has surged 168.1% and closed its last trading session at $23.7. Credit Suisse Ag holds 0% or 12,907 shares in its portfolio. The business had revenue of $0.25 million for the quarter, compared to analysts' expectations of $1.20 million. There were 10 sold out positions, amounting to 277,867 shares.

In other news, VP Neeraj Sahejpal sold 2,846 shares of the stock in a transaction that occurred on Monday, November 13th.

Session activity on Energous Corporation (NASDAQ:WATT) stock is placing it on today's most active list. Earnings per share serves as an indicator of a company's profitability. The 1-year high was reported on Dec, 28 by Barchart.com. If the $34.53 PT is reached, the company will be worth $43.42M more.

Trading stocks at an all time highs is usually a winning strategy. Insiders have sold a total of 6,017 shares of company stock valued at $54,803 over the last 90 days. Morgan Stanley stated it has 0% of its portfolio in Energous Corporation (NASDAQ:WATT). It has outperformed by 40.93% the S&P500.

Analysts have a mean recommendation of 65.10 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Therefore 67% are positive.

Energous share are up 8.6% premarket to $25.74. Oppenheimer maintained Energous Corporation (NASDAQ:WATT) on Thursday, August 10 with "Hold" rating. Zacks upgraded it to "Hold" rating and $7.75 target in Friday, August 14 report. The firm has "Buy" rating given on Monday, August 7 by Roth Capital. The stock has "Outperform" rating by Oppenheimer on Saturday, August 22. The firm earned "Buy" rating on Monday, December 7 by Ladenburg Thalmann. Energous is the first-ever recipient of a certification for power-at-a-distance wireless charging technology, the company said.

"Untethered, wire-free charging - such as charging a fitness band even while wearing it - is exactly what consumers have been waiting for", said Energous CEO and president Stephen Rizzone in a statement. The company has market cap of $723.72 million.

The FCC has certified Energous' WattUp transmitter, which uses radio frequency energy to wirelessly recharge devices at a distance.

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