Summit Wireless Technologies Inc. (NASDAQ:WISA) went down by -4.69% from its latest closing price compared to the recent 1-year high of $7.06. The company’s stock price has collected -2.22% of loss in the last five trading sessions. Press Release reported 16 hours ago that Summit Wireless Technologies Reports Approximately 200% Growth for Q3 2021 Preliminary Revenue, Year-over-Year
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 $8.83. Today, the average trading volume of WISA was 2.16M shares.
WISA’s Market Performance
WISA stocks went down by -2.22% for the week, with a monthly drop of -14.29% and a quarterly performance of -26.67%, while its annual performance rate touched 20.00%. The volatility ratio for the week stands at 8.76% while the volatility levels for the past 30 days are set at 5.85% for Summit Wireless Technologies Inc.. The simple moving average for the period of the last 20 days is -6.94% for WISA stocks with a simple moving average of -24.42% 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 -15.81% 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 -62.61% of loss for the given period.
Volatility was left at 5.85%, however, over the last 30 days, the volatility rate increased by 8.76%, as shares sank -10.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -28.65% lower at present.
During the last 5 trading sessions, WISA fell by -2.22%, which changed the moving average for the period of 200-days by -15.92% in comparison to the 20-day moving average, which settled at $2.82. In addition, Summit Wireless Technologies Inc. saw -25.42% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at WISA starting from Howse Michael, who sale 2,333 shares at the price of $3.36 back on Sep 02. After this action, Howse Michael now owns 19,333 shares of Summit Wireless Technologies Inc., valued at $7,833 using the latest closing price.
Howse Michael, the Former Director of Summit Wireless Technologies Inc., sale 2,334 shares at $3.33 during a trade that took place back on Aug 31, which means that Howse Michael is holding 21,666 shares at $7,777 based on the most recent closing price.
Stock Fundamentals for WISA
Current profitability levels for the company are sitting at:
- -459.69 for the present operating margin
- +17.76 for the gross margin
The net margin for Summit Wireless Technologies Inc. stands at -528.49. The total capital return value is set at -223.03, while invested capital returns managed to touch -261.12. Equity return is now at value -152.90, with -106.20 for asset returns.
Based on Summit Wireless Technologies Inc. (WISA), the company’s capital structure generated 11.20 points at debt to equity in total, while total debt to capital is 10.07. Total debt to assets is 7.84, with long-term debt to equity ratio resting at 9.66. Finally, the long-term debt to capital ratio is 8.04.
When we switch over and look at the enterprise to sales, we see a ratio of 5.24, with the company’s debt to enterprise value settled at 0.07. The receivables turnover for the company is 24.91 and the total asset turnover is 0.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.87.