Energous Corporation (WATT) in Focus: Stock Jumps 6.8% – Tale of the Tape

January 6, 2015 Technicals 0

Zacks

Energous Corporation (WATT) was a big mover last session, as the company saw its shares rise around 7% on the day on the news of it hosting invite-only, wireless charging demonstrations for its WattUp technology during 2015 International CES. This led to far more shares changing hands than in a normal session resulting in solid volume. This continues the recent uptrend for the company as the stock is now up 52.57% since Dec 23, 2014.

None of the estimates for this stock were revised over the past seven days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Energous Corporation currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

A better-ranked stock in the same industry is Pioneer Power Solutions, Inc. (PPSI), carrying a Zacks Rank #1 (Strong Buy).

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