Is it Time to Dump Energous Corp (WATT) Stock After it Has Gained 0.95% in a Week?

Energous Corp (WATT) stock has gained 0.95% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Energous Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on WATT!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With WATT Stock Today?

Energous Corp (WATT) stock has gained 0.95% while the S&P 500 is down -1.11% as of 10:13 AM on Friday, Apr 22. WATT is up $0.01 from the previous closing price of $1.05 on volume of 51,775 shares. Over the past year the S&P 500 has gained 4.11% while WATT is down -66.88%. WATT lost -$0.64 per share in the over the last 12 months. To screen for more stocks like Energous Corp click here.

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.