Analyst Rating Update on Energous Corporation (WATT)

Energous Corporation (NASDAQ:WATT) : The consensus on Energous Corporation (NASDAQ:WATT) based on 4 analyst recommendation on the company stock is 1, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels.

Energous Corporation (NASDAQ:WATT) : Average target price received by Energous Corporation (NASDAQ:WATT) is $13.5 with an expected standard deviation of $1.29. The most aggressive target on the stock is $15, whereas the most downbeat target is $12. 4 financial analysts are currently covering the stock.

For this week, the average consensus of the company shares are rated as a Strong Buy.

Energous Corporation (NASDAQ:WATT): stock turned positive on Tuesday. Though the stock opened at $11.49, the bulls momentum made the stock top out at $12.689 level for the day. The stock recorded a low of $11.2901 and closed the trading day at $12.16, in the green by 9.45%. The total traded volume for the day was 853,877. The stock had closed at $11.11 in the previous days trading.

In an insider trading activity,The director of Energous Corp, Gaulding John sold 10,977 shares at $5.68 on February 17, 2016. The Insider selling transaction had a total value worth of $62,349. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Energous Corporation is a development-stage company. The Company is developing technology that can enable wire-free charging for electronic devices that provides power at a distance with mobility under software control. The Company offers WattUp technology solution, which consists of transmitter and receiver application specific integrated circuits and antenna designs driven through algorithms and software applications. The wire-free charging solution employs three dimensional (3D) pocketforming via a transmitter that creates a targeted radio frequency (RF) pocket in a room around a receiving device (which may be mobile or fixed). The Companys technology can be utilized in a range of devices, including smart phones, tablets, e-book readers, wearables, keyboards, mice, remote controls, rechargeable lights, cylindrical batteries.

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