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Energous (WATT) downgraded, but stock is up: why?

Carla Olson | 1:01 pm ET, 22 May 2018

Just as ValuEngine downgraded Energous (WATT), investors reacted violently and bought shares of this company.  The stock price is up 6% in mid-day trading today. What is driving this?  What is WATT stock price forecast? 

Energous Corporation develops a wire-free charging system.  Its key product WattUp consists of semiconductor chipsets, software, hardware designs, and antennas that enables radio frequency based wire-free charging for electronic devices, providing power at a distance and enables charging with mobility under software control. 

As a pioneer in wireless charging, Energous has a significant long-term potential.  Our technical analysis confirms this--and also highlights a strong positive short-term sentiment.  

The mid-term potential looks a little less promising.  Short-sellers doubt that Apple will ever use Energous' wireless charging technology.  However, VentureBeat reported that Energous and Apple have been working together since 2014. 

S&P Capital IQ analysis shows strong growth prospects for the stock.  However, the analysis also highlights high stock valuation and relatively poor financial health.  See details below. 

Equity analysts are positive above Energous stock price prospects.  Based on Finstead research, WATT average analyst price target is $37.60 (visit Finstead and type "WATT price target" or "WATT upside" to get the latest scoop on equity analysts' position).

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at hi@finstead.com.


Energous (WATT): Too Late To Jump In?

Carla Olson | 1:28 pm ET, 10 Apr 2018

Energous Corporation (NASDAQ: WATT) is trading up 10% mid-day today.  This is a stark contrast to a 25.8% spike in pre-market trading.  

Energous announced Federal Communications Commission's (FCC's) certification of its WattUp Near Field transmitter.  The transmitter runs at 900 MHz and is fully compliant with all safety, EMC, and regulatory requirements. 

Consequently, the stock popped, but enthusiasm is waning in mid-day trading.

The consensus analyst rating for PANW is Buy.  Based on Finstead research, the stock seems to be undervalued (visit Finstead and type "PANW upside" or "PANW price target"). 

Over the last year, WATT returned +24.75%. This return is higher than Electronic Equipment sector (3.11%), Consumer Goods industry (6.79%), and S&P 500 (10.86%) returns.

The stock has a record share of short float (almost 30%), so it's bound to be volatile.  

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at hi@finstead.com.


Energous Corporation (WATT) Buy or Sell Stock Guide

Updated at: 4:36 pm ET, 12 Jun 2019

Are you looking for the analysis of Energous Corporation (WATT) stock? Are you wondering what the bulls and the bears say about it?

If so, you came to the right place. In this stock guide, we will share with you 4 reasons to buy and 5 reasons to sell WATT stock. You’ll get a perspective on what the bulls and the bears say about it.

The analysis below may be also helpful to you if you have any of the following questions about WATT stock:

  • Is WATT a buy or a sell?
  • Should I sell or hold WATT stock today?
  • Is WATT a good buy / investment?
  • What are WATT analyst opinions, recommendations and ratings?

Let’s start with the bull case. Here are the reasons to buy WATT stock:

1. WATT stock price ($4.11) is close to the 52-week low ($4.01). Perhaps now is a good time to buy? See WATT price chart.

2. WATT quarterly revenue growth was 166.00%, higher than the industry and sector average revenue growth (5.95% and 5.21%, respectively). See WATT revenue growth chart.

3. WATT average analyst rating is Strong Buy. See WATT analyst rating chart.

4. WATT average analyst price target ($10.73) is above its current price ($4.11). See WATT price target chart.

Now that you understand the bull case, let’s look at the reasons to sell WATT stock (i.e., the bear case):

1. WATT profitability is declining. The YoY profit margin change was -1123.17percentage points. See WATT profitability chart.

2. WATT Price/Book ratio is 3.67, and it’s high compared to its industry peers’ P/B ratios. See WATT forward Price/Book ratio chart.

3. WATT Price/Sales ratio is 225.29, and it’s high compared to its industry peers’ P/S ratios. See WATT forward Price/Sales ratio chart.

4. WATT short share of float is 27.23%. The stock is much more frequently shorted than the average industry, sector or S&P 500 stock. See WATT short share of float chart.

5. WATT short interest (days to cover the shorts) ratio is 14.18. The stock garners more short interest than the average industry, sector or S&P 500 stock. See WATT short interest ratio chart.

Now let's look at the key statistics for WATT:

Metrics WATT
Price $4.13
Average Price Target / Upside $10.73 / 159.81%
Average Analyst Rating Strong Buy
Industry Electronic Components
Sector Technology
Number of Employees 69
Market Cap $125.64M
Forward P/E Ratio -21.74
Price/Book Ratio 225.83
PEG N/A
Revenue (TTM) $556.32K
YoY Quarterly Revenue Growth 166%
Profit Margin N/A

What are your thoughts on WATT?

If you liked this analysis, check out Buy or Sell Stock Guides for other stocks.

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at hi@finstead.com.


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