Why Energous Stock Crashed by 33% on Wednesday
Radio-frequency wireless charging company Energous (NASDAQ: WATT) shorted out on Wednesday, as its stock lost 32.8% of its market capitalization through 1:55 p.m. ET.
Just one week ago, Energous had a bit of an earnings beat when its second-quarter losses of $0.06 per share edged out analyst forecasts for a $0.07 loss pro forma, and revenue grew 21% year over year.
That sounds pretty good, and indeed, Energous stock responded positively to the news at first, gaining 3% after earnings came out. Problem was, it couldn't hold on to those gains, and its stock has been sinking ever since.
Source Fool.com
Energous Corp. Aktie
Negative Stimmung für Energous Corp. mit mehreren Sell- gegenüber Buy-Einschätzungen.
Ein positives Potenzial von 1136.09% für Energous Corp., trotz eines höheren Kursziels von 2 € als 0.16 €.