Can Energous (NASDAQ:WATT) Stock Rebound?

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Last year, Energous Corp (NASDAQ:WATT) announced it's Wattup wireless charging technology. Despite being a painful pun this technology was hailed as the true wireless charging of the future. Investors took notice and demand for Energous Corp (NASDAQ:WATT) skyrocketed in December 2017. The stock soared 271% after the Federal Communications Commission approved the technology and Energous Corp (NASDAQ:WATT) declared it would be in millions of homes by September of 2018.

Well, it's September of 2018 and  Wattup doesn't seem to be anywhere to be found. Earlier this month news broke that the technology has gained approval in 100 companies, and rollout will be "very soon". Very soon seems to be a favored phrase when it comes to Energous Corp (NASDAQ:WATT) management. Unfortunately, investors got a little tired of hearing this rattled off over the past year. Energous Corp (NASDAQ:WATT) has shed nearly all of its gains, barely trading a dollar over it's earlier December price.

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Energous Corp (NASDAQ:WATT) Approaches Lowest Price OTY

Looking at a price chart, it may be logical to assume some sort of reversal will come at this point. This, unfortunately, probably won't be the case for Energous Corp (NASDAQ:WATT) stock prices. Taking a close look at the fundamentals don't reveal the best scenario. Income is down, growth is down, it falls below earning estimates like clockwork. One thing the company has going for it is it's greatly improved debt to asset ratio which was slashed to 10% over the past year. Taking into consideration how they improved it so great, however, only sows further doubt. How does a company losing revenue but getting a massive investment infusion to eliminate so much debt? Using investor cash, of course.  

There is one way for this stock to turn around at this point. Wattup has to release, soon, and it has to be a massive success. At these levels, it may be tempting to buy into Energous Corp (NASDAQ:WATT) but the company is making no money and has been apparently burning through cash. Until a solid release date is established, one much more specific than "very soon" I would be hesitant to make any sort of position here. Further downside is almost guaranteed. 


Comments (9)

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  • Tito
  • ,  Contributor
  • 28 September 2018, 11:09 am

I am staying with it!!! The most recent comments have to do with what is happening right now rather than what will happen - like when other manufacturers make their announcements.

   0   Reply (0)   Follow(437)  

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    Wireless charging will be a big hit when ready

       0   Reply (0)   Follow(437)  

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      • Bob Jones
      • ,  Contributor
      • 28 September 2018, 10:09 am

      Just noticed Energous revamped their website. Looks nice.

         0   Reply (0)   Follow(437)  

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        SEC got the wrong guy.\nThey should have sued WATT for fraud, not Elon...lol

           0   Reply (0)   Follow(437)  

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          I like WATT and will stay in them. If they do come out with 100 companies using them the stock will double \n

             0   Reply (0)   Follow(437)  

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            • John R
            • ,  Contributor
            • 28 September 2018, 08:09 am

            It\'s nothing but a scam and that\'s the kind of BS they feed you along with fancy videos with floating green icons floating around Representing energy that there transferring.

               0   Reply (1)   Follow(437)  

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              • Jesse
              • ,User
              • 28 September 2018, 08:09 am

              LOL

                 0  

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                Mr. our needs orange jumpsuit for some time at club Fed along with some of the BOD. Hopefully they could catch some of the other crooks that skim this whole deal

                   0   Reply (0)   Follow(437)  

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                  I am staying with it!!! The most recent comments have to do with what is happening right now rather than what will happen - like when other manufacturers make their announcements.

                     0   Reply (0)   Follow(437)  

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