Checking the Overall Picture for Energous Corporation (WATT)

Energous Corporation (WATT) is an interesting player in the Consumer Goods space, with a focus on Electronic Equipment. The stock has been active on the tape, currently trading at $19.59, up from yesterday’s close by 1.56%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Energous Corporation (WATT) currently trades with a market capitalization of $427.06 Million. That value represents a market adjusting for revenues that have been falling by -75.10 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$36.31 Million over the past twelve months. Generally speaking, earnings are expected to hold steady in coming quarters. Analysts are forecasting earnings of -$0.58 on a per share basis this quarter. Perhaps, that suggests something about why 4.25% of the outstanding share supply is held by institutional investors.

Technical Analysis

We’ve taken a serious look at this stock from a fundamental perspective, but the tale of the tape may offer more hints about what lies under the surface. Looking at the stock’s movement on the chart, Energous Corporation recorded a 52-week high of $33.50. It is now trading 13.91% off that level. The stock is trading $16.14 its 50-day moving average by -3.45%. The stock carved out a 52-week low down at $6.91.

In recent action, Energous Corporation (WATT) has made a move of +6.58% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 13.62, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 34.95% with $16.29 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of WATT.

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