Energous (NASDAQ:WATT) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Shares of Energous Co. (NASDAQ:WATT) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.52 and traded as low as $0.27. Energous shares last traded at $0.28, with a volume of 274,964 shares trading hands.

Energous Stock Up 1.9 %

The firm has a 50-day moving average of $0.39 and a two-hundred day moving average of $0.52. The stock has a market capitalization of $8.58 million, a price-to-earnings ratio of -0.09 and a beta of 2.41.

Energous (NASDAQ:WATT) last issued its earnings results on Thursday, February 27th. The industrial products company reported ($0.33) earnings per share for the quarter. The business had revenue of $0.43 million during the quarter. Energous had a negative net margin of 4,368.98% and a negative return on equity of 317.56%. As a group, sell-side analysts predict that Energous Co. will post -3.01 EPS for the current year.

Hedge Funds Weigh In On Energous

An institutional investor recently bought a new position in Energous stock. Jane Street Group LLC bought a new position in Energous Co. (NASDAQ:WATT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 33,832 shares of the industrial products company’s stock, valued at approximately $34,000. Jane Street Group LLC owned about 0.33% of Energous at the end of the most recent reporting period. 4.35% of the stock is currently owned by institutional investors.

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.