Energous (NASDAQ:WATT) Stock Passes Below 200 Day Moving Average – Here’s What Happened

Energous Co. (NASDAQ:WATT) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.63 and traded as low as $0.42. Energous shares last traded at $0.44, with a volume of 709,715 shares changing hands.

Energous Price Performance

The stock has a market cap of $4.48 million, a P/E ratio of -0.14 and a beta of 2.31. The company has a fifty day moving average price of $0.56 and a 200 day moving average price of $0.63.

Energous (NASDAQ:WATT) last released its quarterly earnings data on Tuesday, November 12th. The industrial products company reported ($0.50) EPS for the quarter, beating the consensus estimate of ($0.74) by $0.24. The firm had revenue of $0.23 million during the quarter. Energous had a negative return on equity of 317.56% and a negative net margin of 4,368.98%. As a group, sell-side analysts expect that Energous Co. will post -3.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Energous

A hedge fund recently bought a new stake in Energous stock. Jane Street Group LLC purchased a new position in shares of Energous Co. (NASDAQ:WATT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 33,832 shares of the industrial products company’s stock, valued at approximately $34,000. Jane Street Group LLC owned approximately 0.33% of Energous at the end of the most recent quarter. Institutional investors and hedge funds own 4.35% of the company’s stock.

About Energous

Energous Corporation provides wireless charging system solutions in the United States. The company develops WattUp wireless power networks technology that consists of semiconductor chipsets; software controls; hardware designs; and antennas that enables radio frequency-based charging for Internet of Things devices.