Energous Corp (NASDAQ:WATT) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 19, 2016
Zacks Investment Research has downgraded Energous Corp (NASDAQ:WATT) to Hold in a statement released on Tuesday October 18, 2016.
On 10/12/2016, Zacks Investment Research released a statement for Energous Corp (NASDAQ:WATT) bumped up the target price from $0.00 to $18.00 that suggested an upside of 0.13%.
Boasting a price of $16.01, Energous Corp (NASDAQ:WATT) traded -1.36% lower on the day. With the last stock price close up 20.83% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Energous Corp has recorded a 50-day average of $17.60 and a two hundred day average of $13.25. Volume of trade was down over the average, with 193,807 shares of WATT changing hands under the typical 883,142
With a total market value of $0, Energous Corp has with a one year low of $3.65 and a one year high of $20.13 .
More About Energous Corp (NASDAQ:WATT)
Energous Corporation is engaged in developing a technology called WattUp that consists of semiconductor chipsets, software, hardware designs and antennas that can enable radio frequency (RF)-based wire-free charging for electronic devices, providing power at a distance and enabling charging with mobility under software control. The Company's business model is to supply silicon components with reference designs and license its WattUp technology to device and chip manufacturers, wireless service providers and other commercial partners to make wire-free charging an option for end users. Its technology can be utilized in a range of devices, including wearables, Internet of Things (IoT) devices, smartphones, tablets, e-book readers, keyboards, mice, remote controls, rechargeable lights, cylindrical batteries and any other device with similar charging requirements that would otherwise need a battery or a connection to a power outlet.
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