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

Carla Olson | 2:01 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 | 2:28 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: 3:30 pm ET, 13 Nov 2018

The analysis below may be 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 / a good investment?
  • What are WATT analyst opinions, recommendations, ratings?

Here are WATT stock buy reasons/signals:

1. WATT stock price ($8.84) is close to the 52-week low ($7.81). Perhaps now is a good time to buy?

2. WATT average analyst rating is Buy.

3. WATT average analyst price target ($27.83) is above its current price ($8.84).

Here are WATT stock sell reasons/signals:

1. WATT quarterly revenue growth was -31.30%, lower than the industry and sector average revenue growth (2.10% and 5.32%, respectively).

2. WATT profitability is declining. The YoY profit margin change was -2053.09pp.

3. WATT Price/Book ratio is 6.67, and it’s high compared to its industry peers’ P/B ratios.

4. WATT Price/Sales ratio is 461.24, and it’s high compared to its industry peers’ P/S ratios.

5. WATT short share of float is 25.96%. The stock is much more frequently shorted than the average industry, sector or S&P 500 stock.

6. WATT short interest (days to cover the shorts) ratio is 13.11. The stock garners more short interest than the average industry, sector or S&P 500 stock.

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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