Energous (NASDAQ:WATT) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Energous (NASDAQ:WATT) in a report released on Wednesday morning. The firm issued a sell rating on the industrial products company’s stock.

Separately, LADENBURG THALM/SH SH downgraded shares of Energous from a buy rating to a neutral rating and reduced their price objective for the company from $3.50 to $2.00 in a research report on Friday, April 5th.

Energous Stock Up 2.9 %

Shares of NASDAQ WATT opened at $1.40 on Wednesday. Energous has a 52 week low of $1.31 and a 52 week high of $8.05. The firm’s fifty day moving average is $1.88 and its 200 day moving average is $1.87.

Energous (NASDAQ:WATT) last issued its earnings results on Thursday, March 28th. The industrial products company reported ($0.81) EPS for the quarter. The firm had revenue of $0.09 million during the quarter. Energous had a negative return on equity of 126.05% and a negative net margin of 4,077.47%. Equities research analysts expect that Energous will post -3.43 EPS for the current fiscal year.

About Energous

Energous Corporation develops wireless charging applications. The company develops WattUp wireless power technology that consists of semiconductor chipsets, software controls, hardware designs, and antennas that enables radio frequency-based charging for electronic devices. Its products are used in building and home automation, electronic shelf labels, industrial IoT sensors, surface and implanted medical devices, tracking devices, hearables, wearables, consumer electronics, and public safety applications.