WATT Stock Summary and Trading Ideas (Energous | NASDAQ:WATT)

Energous Corp has developed wireless power networks technology (WPNT), consisting of semiconductor chipsets, software controls, hardware designs and antennas, that enable radio frequency (RF) based charging for Internet of Things (IoT) devices. Its products include Transmitter IC & Module, Receivers IC, Transmitter System and other tools.

Energous trades on the NASDAQ stock market under the symbol WATT.

As of April 19, 2024, WATT stock price declined to $1.38 with 38,796 million shares trading.

WATT has a beta of 3.66, meaning it tends to be more sensitive to market movements. WATT has a correlation of 0.15 to the broad based SPY ETF.

WATT has a market cap of $8.38 million. This is considered a Sub-Micro Cap stock.

Last quarter Energous reported $91,667 in Revenue and -$.74 earnings per share. This fell short of revenue expectation by $-108,333 and exceeded earnings estimates by $.11.

In the last 3 years, WATT stock traded as high as $77.60 and as low as $1.36.

The top ETF exchange traded funds that WATT belongs to (by Net Assets): VXF, VTI.

WATT has underperformed the market in the last year with a price return of -83.8% while the SPY ETF gained +21.0%. WATT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -21.1% and -31.3%, respectively, while the SPY returned +4.1% and -3.6%, respectively.

WATT support price is $1.39 and resistance is $1.56 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WATT stock will trade within this expected range on the day.