Eye-Catching Stock Buzz: Energous Corporation (NASDAQ: WATT)

Technology
Angelica Johnson

San Jose, California, March 9, 2020 – Shares of Energous Corporation (NASDAQ: WATT) plunged -7.69% to $1.20. The stock traded total volume of 1.112M shares higher than the average volume of 771.03K shares.

Energous Corporation (NASDAQ: WATT) posted revenues of $0.04M for the quarter ended September 2019, missing the Zacks Consensus Estimate by 89.75%. This compares to year-ago revenues of $0.23M. The company has not been able to beat consensus revenue estimates over the last four quarters. Energous came out with a quarterly loss of $0.27 per share as compared to the Zacks Consensus Estimate of a loss of $0.26. This compares to loss of $0.49 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -3.85%. A quarter ago, it was expected that this maker of wire-free charging technology would post a loss of $0.37 per share when it actually produced a loss of $0.32, delivering a surprise of 13.51%. Over the last four quarters, the company has surpassed consensus EPS estimates two times.

WATT has the market capitalization of $43.20M and its EPS growth ratio for the past five years was -26.10%. The return on assets ratio of the Company was -141.30% while its return on investment ratio stands at -276.80%. Price to sales ratio was 268.62 while 21.90% of the stock was owned by institutional investors.

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