Energous Corp (NASDAQ:WATT) shares, rose in value on Wednesday, April 16, with the stock price down by -1.62% to the previous day’s close as strong demand from buyers drove the stock to $0.27.
Actively observing the price movement in the last trading, the stock closed the session at $0.27, falling within a range of $0.2501 and $0.2825. The value of beta (5-year monthly) was 2.336. Referring to stock’s 52-week performance, its high was $2.70, and the low was $0.12. On the whole, WATT has fluctuated by -20.12% over the past month.
With the market capitalization of Energous Corp currently standing at about $8.14 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-26.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that WATT’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of WATT currently trading nearly -3.69% and -20.08% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.00, while the 7-day volatility ratio is showing 10.85% which for the 30-day chart, stands at 14.99%. Furthermore, Energous Corp (WATT)’s beta value is 0.72, and its average true range (ATR) is 0.04.
A comparison of Energous Corp (WATT) with its peers suggests the former has fared considerably weaker in the market. WATT showed an intraday change of -1.62% in last session, and over the past year, it shrunk by -82.82%%.
Data on historical trading for Energous Corp (NASDAQ:WATT) indicates that the trading volumes over the past 10 days have averaged 1.29 and over the past 3 months, they’ve averaged 840.21K. According to company’s latest data on outstanding shares, there are 30.44 million shares outstanding.
Nearly 0.78% of Energous Corp’s shares belong to company insiders and institutional investors own 1.41% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.44 million shares as on 2025-03-31, resulting in a short ratio of 2.32. According to the data, the short interest in Energous Corp (WATT) stood at 472.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 1.16 million. The stock has fallen by -73.54% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WATT stock heading into the next quarter.
