Energous (WATT) Earns News Impact Rating of -0.01

Headlines about Energous (NASDAQ:WATT) have been trending somewhat negative on Friday, Accern Sentiment reports. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Energous earned a coverage optimism score of -0.01 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 46.2779132295028 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

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

Shares of Energous opened at $17.93 on Friday, according to Marketbeat.com. The stock has a market cap of $457.42 million, a price-to-earnings ratio of -7.76 and a beta of 1.61. Energous has a 12-month low of $18.11 and a 12-month high of $18.38.

Energous (NASDAQ:WATT) last posted its quarterly earnings data on Tuesday, May 1st. The industrial products company reported ($0.55) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.52) by ($0.03). The firm had revenue of $0.03 million during the quarter, compared to analyst estimates of $0.10 million. Energous had a negative net margin of 8,335.76% and a negative return on equity of 233.60%. equities analysts expect that Energous will post -1.8 EPS for the current year.

A number of equities analysts have issued reports on WATT shares. Zacks Investment Research restated a “hold” rating and set a $16.00 target price on shares of Energous in a research report on Saturday, April 7th. ValuEngine cut shares of Energous from a “sell” rating to a “strong sell” rating in a research report on Friday, March 23rd. National Securities restated a “buy” rating on shares of Energous in a research report on Friday, February 16th. BidaskClub cut shares of Energous from a “buy” rating to a “hold” rating in a research report on Monday, April 30th. Finally, Roth Capital set a $46.00 target price on shares of Energous and gave the stock a “buy” rating in a research report on Monday, February 19th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Energous has an average rating of “Buy” and a consensus target price of $32.67.

In other news, VP Neeraj Sahejpal sold 4,991 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $20.17, for a total value of $100,668.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Aaron Leabman sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $21.96, for a total transaction of $2,196,000.00. Following the completion of the transaction, the director now directly owns 232,279 shares of the company’s stock, valued at approximately $5,100,846.84. The disclosure for this sale can be found here. In the last three months, insiders sold 191,495 shares of company stock valued at $4,099,068. Company insiders own 6.80% of the company’s stock.

About Energous

Energous Corporation engages in the development of a wire-free charging system. It develops WattUp that consists of semiconductor chipsets, software, hardware designs, and antennas that enables radio frequency based wire-free charging for electronic devices, providing power at a distance and enables charging with mobility under software control.

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

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