Energous (NASDAQ:WATT) Stock Price Crosses Above Fifty Day Moving Average - Time to Sell?

Key Points

• Energous shares crossed above its 50‑day moving average, trading as high as $16.61 and last at $15.19 versus a 50‑day MA of $12.47 (50‑day/200‑day MAs: $12.47/$8.61).
• Analyst sentiment remains weak with an average rating of "Reduce" — Zacks moved the stock to Hold while Weiss Ratings still carries a "sell (e+)", and the tally is one Hold and one Sell.
• Fundamentals show a small market cap ($83.55M) and a negative P/E (-0.84); institutional ownership is low (~4.35%) though Armistice Capital recently established a roughly $1.2M stake.

Energous Corporation (NASDAQ:WATT - Get Free Report) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $12.47 and traded as high as $16.61. Energous shares last traded at $15.19, with a volume of 335,703 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Zacks Research raised shares of Energous to a "hold" rating in a report on Friday, March 27th. Weiss Ratings reissued a "sell (e+)" rating on shares of Energous in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Reduce".

Energous Trading Up 0.8%

The firm's 50-day moving average price is $12.47 and its 200-day moving average price is $8.61. The stock has a market capitalization of $83.55 million, a PE ratio of -0.84 and a beta of 0.58.

Institutional Trading of Energous

Several hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC raised its position in shares of Energous by 85.4% during the 4th quarter. Geode Capital Management LLC now owns 18,713 shares of the industrial products company's stock valued at $75,000 after buying an additional 8,619 shares in the last quarter. Flagship Harbor Advisors LLC raised its position in Energous by 82.2% in the 4th quarter. Flagship Harbor Advisors LLC now owns 20,503 shares of the industrial products company's stock worth $82,000 after purchasing an additional 9,250 shares during the period. Finally, Armistice Capital LLC purchased a new stake in Energous in the 3rd quarter worth about $1,202,000. 4.35% of the stock is currently owned by hedge funds and other institutional investors.

About Energous

Energous Corporation develops and commercializes radio frequency (RF)–based wireless charging technology designed to deliver power over the air to compatible devices. Its WattUp platform includes near‐field and far‐field transmitters that emit targeted RF energy and receiver modules that convert that energy into electrical power. The company's solutions aim to eliminate the need for cables and charging pads by enabling contactless power delivery to a range of products, from wearables and IoT sensors to medical devices and consumer electronics.

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