Energous Corporation (WATT) Plunges 5.83% on October 10

Equities Staff  |

Energous Corporation (WATT) had a rough trading day for Wednesday October 10 as shares tumbled 5.83%, or a loss of $-0.53 per share, to close at $8.56. After opening the day at $8.98, shares of Energous Corporation traded as high as $9.04 and as low as $8.50. Volume was 451,166 shares over 2,767 trades, against an average daily volume of 515,964 shares and a total float of 25.62 million.

As a result of the decline, Energous Corporation now has a market cap of $219.3 million. In the last year, shares of Energous Corporation have traded between a range of $33.50 and $6.91, and its 50-day SMA is currently $11.77 and 200-day SMA is $16.46.

For a complete fundamental analysis of Energous Corporation, check out Equities.com’s Stock Valuation Analysis report for WATT.

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Energous Corp is the developer of WattUp, a wire-free charging technology. WattUp is a radio frequency based charging solution that delivers intelligent, scalable power via radio bands, similar to a Wi-Fi router.

Energous Corporation is based out of San Jose, CA and has some 68 employees. Its CEO is Stephen R. Rizzone.

Energous Corporation is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on Energous Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: WATT’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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