Energous (NASDAQ:WATT) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Energous Co. (NASDAQ:WATT) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.50 and traded as low as $0.26. Energous shares last traded at $0.27, with a volume of 509,517 shares.

Energous Stock Down 5.8 %

The company has a market cap of $8.12 million, a price-to-earnings ratio of -0.09 and a beta of 2.33. The firm has a 50-day simple moving average of $0.37 and a 200 day simple moving average of $0.50.

Energous (NASDAQ:WATT) last announced its quarterly earnings data on Thursday, February 27th. The industrial products company reported ($0.33) earnings per share (EPS) for the quarter. The firm 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, research analysts expect that Energous Co. will post -3.01 EPS for the current year.

Institutional Investors Weigh In On Energous

A hedge fund recently bought a new stake in Energous stock. Jane Street Group LLC acquired a new position in Energous Co. (NASDAQ:WATT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 as of its most recent SEC filing. 4.35% of the stock is currently owned by institutional investors and hedge funds.

Energous Company Profile

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.