Energous Corporation’s recent filing unveils that its Acting CFO (Interim) MANNINA WILLIAM T unloaded Company’s shares for reported $6640.0 on Jun 01. In the deal valued at $0.30 per share,22,356 shares were sold. As a result of this transaction, MANNINA WILLIAM T now holds 181,872 shares worth roughly $ 0.36 million.
Then, MANNINA WILLIAM T sold 3,981 shares, generating $1,201 in total proceeds. Upon selling the shares at $0.30, the Acting CFO (Interim) now owns 204,228 shares.
Before that, Johnston Cesar sold 4,450 shares. Energous Corporation shares valued at $2,626 were divested by the Chief Executive Officer at a price of $0.59 per share. As a result of the transaction, Johnston Cesar now holds 793,011 shares, worth roughly $1.59 million.
Ladenburg Thalmann upgraded its Energous Corporation [WATT] rating to a Buy from a a Neutral in a research note published on Friday. PT values the company’s stock at a premium of 69.23 to its Friday closing price.
Price Performance Review of WATT
On Friday, Energous Corporation [NASDAQ:WATT] saw its stock remained unchanged to $2.00. On the same session, the stock had its day’s lowest price of $2.00, but rose to a high of $2.105. Over the last five days, the stock has lost -13.04%. Energous Corporation shares have fallen nearly -88.04% since the year began. Nevertheless, the stocks have fallen -92.70% over the past one year. While a 52-week high of $28.40 was reached on 01/18/23, a 52-week low of $1.93 was recorded on 08/17/23. SMA at 50 days reached $4.12, while 200 days put it at $10.49. A total of 69269.0 shares were traded, compared to the trading of 0.28 million shares in the previous session.
Levels Of Support And Resistance For WATT Stock
The 24-hour chart illustrates a support level at 1.97, which if violated will result in even more drops to 1.93. On the upside, there is a resistance level at 2.07. A further resistance level may holdings at 2.14. The Relative Strength Index (RSI) on the 14-day chart is 28.22, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.18%. Stochastics %K at 7.50% indicates the stock is a buying.
How much short interest is there in Energous Corporation?
A steep rise in short interest was recorded in Energous Corporation stocks on Aug 14, 2023, growing by 33990.0 shares to a total of 0.19 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.16 million shares. There was a rise of 17.62%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.23% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.08.
According to FactSet, Energous Corporation’s share price will average $32.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 1500.0 percent from its previous closing price of $2.00. Analysts expect Energous Corporation stock to reach the higher price of $32.00, while the lowest price estimate is $32.00. However, 1 analyst have rated WATT stock as a Buy in their predictions for 2023.