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How Will the Market React to Energous Corp (WATT) Stock Getting a Bullish Rating

Tuesday, November 28, 2023 10:14 AM | InvestorsObserver Analysts

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How Will the Market React to Energous Corp (WATT) Stock Getting a Bullish Rating

Energous Corp (WATT) stock is higher by 10.15% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
Energous Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on WATT!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With WATT Stock Today?

Energous Corp (WATT) stock is higher by 3.83% while the S&P 500 has fallen -0.15% as of 9:58 AM on Tuesday, Nov 28. WATT is up $0.08 from the previous closing price of $2.09 on volume of 10,943 shares. Over the past year the S&P 500 is higher by 14.62% while WATT has fallen -89.04%. WATT lost -$4.94 per share in the over the last 12 months.

More About Energous Corp

Energous Corp is a development stage technology company. It is developing a technology named WattUp, which will enable RF (radio frequency) based wire free charging for electronic devices. The firm believes that its technology will be utilized in the internet of things devices, smartphones, tablets, e-book readers, keyboards, mice, remote controls, rechargeable lights, cylindrical batteries and other devices with similar charging requirements. Its business strategy is to become a supplier and licensor of its technology to companies who design, manufacture and market devices to consumers, military, industrial and other users. Click Here to get the full Stock Report for Energous Corp stock.

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