In a report released today, Ilya Grozovsky from National Securities Corp maintained a Buy rating on Energous (WATT), with a price target of $20. The company’s shares opened today at $6.90, close to its 52-week low of $4.41.
According to TipRanks.com, Grozovsky is a 4-star analyst with an average return of 8.3% and a 60.7% success rate. Grozovsky covers the Technology sector, focusing on stocks such as Digital Turbine Inc, Mitek Systems Inc, and Digimarc Corp.
Energous has an analyst consensus of Hold.
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The company has a one-year high of $23.01 and a one-year low of $4.41. Currently, Energous has an average volume of 1.7M.
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Energous Corp. engages in the development of technology that enables wireless charging for electronic devices. It focuses on their product, WattUp, a wire-free charging technology that will transform the way consumers and industries charge and power electronic devices at home, in the office and car.
