Energous Corp (WATT) Received Daily News Sentiment Score of -0.12

Energous Corp (WATT) Received Daily News Sentiment Score of -0.12

Press coverage about Energous Corp (NASDAQ:WATT) has trended somewhat negative this week, AlphaOne reports. The research firm, a service of Accern, rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Energous Corp earned a daily sentiment score of -0.12 on AlphaOne’s scale. AlphaOne also assigned media stories about the industrial products company an impact score of 50 out of 100, indicating that recent news coverage is somewhat likely to have an impact on the stock’s share price in the next few days.

These are some of the media stories that may have impacted Alpha One Sentiment Analysis’s analysis:

Energous Corp (NASDAQ WATT) opened at 15.84 on Friday. Energous Corp has a 12 month low of $9.85 and a 12 month high of $20.55. The company’s 50 day moving average price is $14.40 and its 200 day moving average price is $15.60. The firm’s market capitalization is $326.54 million.

Energous Corp (NASDAQ:WATT) last released its earnings results on Wednesday, May 10th. The industrial products company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.56) by $0.05. The company had revenue of $0.58 million for the quarter, compared to analyst estimates of $0.50 million. Analysts anticipate that Energous Corp will post ($1.51) EPS for the current year.

WATT has been the subject of several research reports. Ladenburg Thalmann Financial Services restated a “buy” rating and set a $18.00 price objective on shares of Energous Corp in a research report on Thursday, May 11th. Oppenheimer Holdings Inc. restated a “market perform” rating on shares of Energous Corp in a research report on Monday, March 13th. Roth Capital set a $23.00 price objective on Energous Corp and gave the stock a “buy” rating in a research report on Thursday, May 11th. Zacks Investment Research upgraded Energous Corp from a “sell” rating to a “hold” rating in a research report on Friday, March 10th. Finally, ValuEngine upgraded Energous Corp from a “sell” rating to a “hold” rating in a research report on Friday. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Energous Corp presently has an average rating of “Hold” and a consensus target price of $19.00.

In related news, VP Cesar Johnston sold 37,000 shares of the stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $15.88, for a total transaction of $587,560.00. Following the completion of the sale, the vice president now directly owns 98,133 shares of the company’s stock, valued at $1,558,352.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.20% of the stock is owned by corporate insiders.

About Energous Corp

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:WATT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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