Energous CorporationWATT was a big mover last session, as the company saw its shares rise roughly 14% on the day. Shares moved up after the company signed a development agreement with Taiwan-based electronics manufacturer Pegatron Corp. This led to solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend of the company as the stock is now up 49.5% in the past one-month time frame.
This Mach-Electrical industry stock witnessed two negative estimate revisions over the past 30 days. The Zacks Consensus Estimate also moved down over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday's move higher lasts.
Energous has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
However, a better-ranked stock in the same space is ESCO Technologies Inc. ESE , sporting a Zacks Rank #1 (Strong Buy).
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