Is This Stock a Screaming Buy: Energous Corporation (NASDAQ:WATT)

Equity Research firms currently have a positive stance on shares of Energous Corporation (NASDAQ:WATT). The majority of analysts covering the equity have a consensus Strong Buy recommendation on the stock, yielding a score of 1.30. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $18.38 on a short term basis.

At the time of writing, the stock was trading at $17.92. This represents a change from the opening price of 1.24%. In terms of performance, year to date, the stock is 126.30%. The monthly stock performance comes in at 2.64%. For the quarter, shares are performing at 46.00%. Weekly performance analysis shows the equity at -4.28%.

In taking a look at technical levels, shares are trading 11.51% away from the 50 day simple moving average and 63.39% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -10.98% away from it’s 52- week high and 390.96% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Energous Corporation’s RSI stands at 53.26. In looking at volatility levels, the shares saw weekly volatility of 6.42% and 7.37% over the past month.

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