Is Energous Corp. a Good Penny Stock to Buy?

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However, the stock has lost 8.4% over the past month and 50% over the past nine months to close yesterday’s trading session at $1.97. Also, it is currently trading 74.4% below its 52-week high of $7.69, which it hit on February 19, 2021. In addition, it is currently trading below its 50-day and 200-day moving averages of $2.13 and $2.57, respectively, indicating that it is in a downtrend.

Here’s what could shape WATT’s performance in the upcoming months:

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