Energous (NASDAQ:WATT) Share Price Crosses Above 50 Day Moving Average of $0.95

Energous Co. (NASDAQ:WATT) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $0.95 and traded as high as $0.99. Energous shares last traded at $0.95, with a volume of 45,315 shares.

Wall Street Analyst Weigh In

A number of research firms recently commented on WATT. Roth Mkm decreased their price objective on Energous from $4.00 to $2.50 and set a “buy” rating on the stock in a research note on Thursday, May 16th. LADENBURG THALM/SH SH upgraded shares of Energous from a “neutral” rating to a “buy” rating and set a $2.00 price target for the company in a report on Thursday, May 16th. Finally, StockNews.com initiated coverage on shares of Energous in a research note on Thursday, May 2nd. They set a “sell” rating on the stock.

Energous Price Performance

The company has a 50-day moving average of $0.95 and a two-hundred day moving average of $1.42. The stock has a market capitalization of $6.18 million, a PE ratio of -0.26 and a beta of 2.63.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Energous stock. Armistice Capital LLC raised its stake in shares of Energous Co. (NASDAQ:WATT) by 44.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 408,000 shares of the industrial products company’s stock after purchasing an additional 126,409 shares during the period. Armistice Capital LLC owned 6.24% of Energous worth $445,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 4.35% of the company’s stock.

About Energous

Energous Corporation provides wireless charging system solutions in the United States. The company develops WattUp wireless power networks technology that consists of semiconductor chipsets; software controls; hardware designs; and antennas that enables radio frequency-based charging for Internet of Things devices.