Energous (NASDAQ:WATT) Stock Price Crosses Below 50-Day Moving Average – Should You Sell?

Energous Co. (NASDAQ:WATT) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.28 and traded as low as $0.26. Energous shares last traded at $0.28, with a volume of 928,742 shares trading hands.

Energous Stock Up 4.6%

The stock has a 50-day simple moving average of $0.28 and a two-hundred day simple moving average of $0.43. The firm has a market cap of $9.56 million, a PE ratio of -0.09 and a beta of 0.73.

Energous (NASDAQ:WATT) last announced its quarterly earnings data on Tuesday, May 13th. The industrial products company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.88) by $0.79. The firm had revenue of $0.34 million for the quarter, compared to analyst estimates of $0.44 million. Energous had a negative return on equity of 317.56% and a negative net margin of 4,368.98%. Research analysts expect that Energous Co. will post -3.01 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Energous stock. Jane Street Group LLC bought a new stake in shares of Energous Co. (NASDAQ:WATT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 33,832 shares of the industrial products company’s stock, valued at approximately $34,000. Jane Street Group LLC owned about 0.33% of Energous as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 4.35% of the company’s stock.

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.