Energous (NASDAQ:WATT) Stock Passes Below 200 Day Moving Average – Here’s What Happened

Energous Co. (NASDAQ:WATT)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.63 and traded as low as $0.42. Energous shares last traded at $0.44, with a volume of 709,715 shares traded.

Energous Price Performance

The company has a fifty day moving average of $0.56 and a 200-day moving average of $0.63. The firm has a market cap of $4.48 million, a P/E ratio of -0.14 and a beta of 2.31.

Energous (NASDAQ:WATT) last announced its quarterly earnings data on Tuesday, November 12th. The industrial products company reported ($0.50) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.74) by $0.24. The firm had revenue of $0.23 million during the quarter. Energous had a negative return on equity of 317.56% and a negative net margin of 4,368.98%. On average, sell-side analysts expect that Energous Co. will post -3.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Energous stock. Jane Street Group LLC acquired a new stake in Energous Co. (NASDAQ:WATT) in the fourth quarter, according to the company in its most recent 13F filing with the 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 0.33% of Energous at the end of the most recent reporting period. 4.35% of the stock is 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.