Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Energous Corp (NASDAQ: WATT) closed the day trading at $0.95 down -23.07% from the previous closing price of $1.23. In other words, the price has decreased by -$23.07 from its previous closing price. On the day, 7.85 million shares were traded. WATT stock price reached its highest trading level at $1.15 during the session, while it also had its lowest trading level at $0.8711.
Ratios:
For a better understanding of WATT, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.60 and its Current Ratio is at 0.81. In the meantime, Its Debt-to-Equity ratio is 1.79 whereas as Long-Term Debt/Eq ratio is at 0.00.
On April 05, 2024, Ladenburg Thalmann Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $3.50 to $2.
Ladenburg Thalmann Upgraded its Neutral to Buy on May 01, 2019, while the target price for the stock was maintained at $6.50.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WATT now has a Market Capitalization of 11703555 and an Enterprise Value of -289296. For the stock, the TTM Price-to-Sale (P/S) ratio is 27.21 while its Price-to-Book (P/B) ratio in mrq is 16.95. Its current Enterprise Value per Revenue stands at -0.781 whereas that against EBITDA is 0.015.
Stock Price History:
Over the past 52 weeks, WATT has reached a high of $2.75, while it has fallen to a 52-week low of $0.28. The 50-Day Moving Average of the stock is 70.32%, while the 200-Day Moving Average is calculated to be -1.81%.
Shares Statistics:
Over the past 3-months, WATT traded about 5.56M shares per day on average, while over the past 10 days, WATT traded about 33755070 shares per day. A total of 12.37M shares are outstanding, with a floating share count of 12.04M. Insiders hold about 2.64% of the company’s shares, while institutions hold 3.02% stake in the company. Shares short for WATT as of 1730332800 were 766358 with a Short Ratio of 0.17, compared to 1727654400 on 763195. Therefore, it implies a Short% of Shares Outstanding of 766358 and a Short% of Float of 11.2799995.
