Energous Corporation (WATT) saw a big move last session, as the company’s shares fell over 10% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the most recent downtrend for WATT, as the stock is up over 40% since Dec 12.
This Electrical Machinery company has seen a flat track record when it comes to current year estimate revisions, as there has been no revision on either side over the past one week. The consensus for loss estimate hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
WATT currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the Electrical Machinery industry is Pioneer Power Solutions, Inc. (PPSI) which holds a Zacks Rank #1 (Strong Buy).
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