Energous (NASDAQ:WATT) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Shares of Energous Co. (NASDAQ:WATT) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.80 and traded as low as $0.32. Energous shares last traded at $0.32, with a volume of 476,166 shares.

Energous Stock Performance

The firm has a market cap of $2.81 million, a price-to-earnings ratio of -0.10 and a beta of 2.60. The business’s 50 day moving average price is $0.52 and its 200-day moving average price is $0.80.

Energous (NASDAQ:WATT) last issued its earnings results 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 business had revenue of $0.23 million for the quarter. Energous had a negative net margin of 4,368.98% and a negative return on equity of 317.56%. On average, analysts forecast that Energous Co. will post -3.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Energous

An institutional investor recently raised its position in Energous stock. Armistice Capital LLC grew its stake in Energous Co. (NASDAQ:WATT) by 44.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 408,000 shares of the industrial products company’s stock after purchasing an additional 126,409 shares during the quarter. Armistice Capital LLC owned approximately 6.24% of Energous worth $445,000 as of its most recent filing with the SEC. 4.35% of the stock is currently owned by institutional investors.

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.