In the past week, WISA stock has gone down by -0.35%, with a monthly decline of -30.71% and a quarterly plunge of -76.38%. The volatility ratio for the week is 9.75%, and the volatility levels for the last 30 days are 12.76% for WiSA Technologies Inc The simple moving average for the last 20 days is -16.94% for WISA stock, with a simple moving average of -94.52% for the last 200 days.
Is It Worth Investing in WiSA Technologies Inc (NASDAQ: WISA) Right Now?
Moreover, the 36-month beta value for WISA is 0.03. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for WISA is 52.27M and currently, short sellers hold a 1.47% of that float. On March 25, 2024, WISA’s average trading volume was 17.06M shares.
WISA) stock’s latest price update
The stock price of WiSA Technologies Inc (NASDAQ: WISA) has surged by 1.44 when compared to previous closing price of 0.03, but the company has seen a -0.35% decline in its stock price over the last five trading sessions. Business Wire reported 2024-01-12 that BEAVERTON, Ore.–(BUSINESS WIRE)—- $WISA #WISA–WiSA Technologies, Inc. (NASDAQ: WISA), a leading innovator in wireless audio technology for intelligent devices and next-generation home entertainment systems, announces participation in the upcoming Sequire Investor Summit 2024. Event: Sequire Investor Summit 2024 Location: Condado Vanderbilt Hotel – San Juan, Puerto Rico. Date: January 23-25, 2024 Topic: Presentation and one-on-one meetings Presentation: Wednesday, January 24, 2024 at 10:30am AST / 9:30am ES.
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 14, 2020 of the previous year 2020.
WISA Trading at -54.96% 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 -99.35% of loss for the given period.
Volatility was left at 12.76%, however, over the last 30 days, the volatility rate increased by 9.75%, as shares sank -29.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -73.82% lower at present.
During the last 5 trading sessions, WISA fell by -0.35%, which changed the moving average for the period of 200-days by -97.80% in comparison to the 20-day moving average, which settled at $0.0334. In addition, WiSA Technologies Inc saw -75.88% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WISA starting from MOYER BRETT, who sale 80 shares at the price of $0.13 back on Dec 18 ’23. After this action, MOYER BRETT now owns 74,509 shares of WiSA Technologies Inc, valued at $10 using the latest closing price.
WILLIAMS GARY sale 16 shares at $0.13 during a trade that took place back on Dec 18 ’23, which means that WILLIAMS GARY is holding 48,931 shares at $2 based on the most recent closing price.
Stock Fundamentals for WISA
Current profitability levels for the company are sitting at:
- -8.58 for the present operating margin
- -1.21 for the gross margin
The net margin for WiSA Technologies Inc stands at -4.53. The total capital return value is set at -12.71. Equity return is now at value -508.19, with -185.32 for asset returns.
Based on WiSA Technologies Inc (WISA), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at -13.23. The debt to equity ratio resting at 1.43. The interest coverage ratio of the stock is -15.45.
Currently, EBITDA for the company is -17.93 million with net debt to EBITDA at -0.05. When we switch over and look at the enterprise to sales, we see a ratio of 1.05. The receivables turnover for the company is 5.96for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.20.
Conclusion
To wrap up, the performance of WiSA Technologies Inc (WISA) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
