Energous Corporation (WATT) had a good day on the market for Tuesday November 12 as shares jumped 6.91% to close at $2.32. About 638,929 shares traded hands on 2,763 trades for the day, compared with an average daily volume of n/a shares out of a total float of 30.84 million. After opening the trading day at $2.15, shares of Energous Corporation stayed within a range of $2.37 to $2.10.
With today’s gains, Energous Corporation now has a market cap of $71.56 million. Shares of Energous Corporation have been trading within a range of $11.54 and $1.93 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.
Energous Corp is a development stage technology company. It is developing a technology named WattUp, which will enable RF based wire free charging for electronic devices. The firm believes that its technology will be utilized in internet of things devices, smartphones, tablets, e-book readers, keyboards, mice, remote controls, rechargeable lights, cylindrical batteries and other devices with similar charging requirements. The firm’s 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.
Energous Corporation is based out of San Jose, CA and has some 69 employees. Its CEO is Stephen R. Rizzone.
Energous Corporation is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.
