Summit Wireless Technologies Inc. (NASDAQ:WISA) went down by -6.59% from its latest closing price compared to the recent 1-year high of $12.88. The company’s stock price has collected 18.06% of gains in the last five trading sessions. Press Release reported on 01/12/21 that WiSA Wave Marketing Program Results in Record Consumer Traffic and is Expected to Exceed 1 Million Consumers in 2021
Is It Worth Investing in Summit Wireless Technologies Inc. (NASDAQ :WISA) Right Now?
Opinions of the stock are interesting as 3 analysts out of 3 who provided ratings for Summit Wireless Technologies Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $9.13, which is $2.58 above the current price. WISA currently public float of 6.95M and currently shorts hold a 6.75% ratio of that float. Today, the average trading volume of WISA was 2.62M shares.
WISA’s Market Performance
WISA stocks went up by 18.06% for the week, with a monthly jump of 62.84% and a quarterly performance of 89.73%, while its annual performance rate touched -61.71%. The volatility ratio for the week stands at 9.23% while the volatility levels for the past 30 days are set at 10.63% for Summit Wireless Technologies Inc.. The simple moving average for the period of the last 20 days is 22.94% for WISA stocks with a simple moving average of 60.21% for the last 200 days.
Analysts’ Opinion of WISA
Many brokerage firms have already submitted their reports for WISA stocks, with H.C. Wainwright repeating the rating for WISA by listing it as a “Buy.” The predicted price for WISA in the upcoming period, according to H.C. Wainwright is $3.50 based on the research report published on December 14th of the previous year 2020.
WISA Trading at 45.61% from the 50-Day Moving Average
After a stumble in the market that brought WISA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -67.01% of loss for the given period.
Volatility was left at 10.63%, however, over the last 30 days, the volatility rate increased by 9.23%, as shares surge +35.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +114.65% upper at present.
During the last 5 trading sessions, WISA rose by +18.06%, which changed the moving average for the period of 200-days by -36.57% in comparison to the 20-day moving average, which settled at $3.51. In addition, Summit Wireless Technologies Inc. saw 20.06% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at WISA starting from MOYER BRETT, who sale 967 shares at the price of $2.37 back on Dec 24. After this action, MOYER BRETT now owns 182,634 shares of Summit Wireless Technologies Inc., valued at $2,292 using the latest closing price.
Stock Fundamentals for WISA
Current profitability levels for the company are sitting at:
- -669.93 for the present operating margin
- -4.26 for the gross margin
The net margin for Summit Wireless Technologies Inc. stands at -722.57. The total capital return value is set at -452.89, while invested capital returns managed to touch -488.48. Equity return is now at value -253.30, with -141.10 for asset returns.
The receivables turnover for the company is 15.12 and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.48.