WaveDancer Inc (NASDAQ: WAVD)’s stock price has gone decline by -8.93 in comparison to its previous close of 2.24, however, the company has experienced a -23.31% decrease in its stock price over the last five trading days. InvestorPlace reported 2023-03-22 that WaveDancer (NASDAQ: WAVD ) stock is falling on Wednesday after the company updated investors on its Gray Matters subsidiary sale. WaveDancer confirmed the sale of Gray Matters, its blockchain-enabled supply chain management software subsidiary, to Gray Matters Data Corporation.
Is It Worth Investing in WaveDancer Inc (NASDAQ: WAVD) Right Now?
Additionally, the 36-month beta value for WAVD is 3.06. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for WAVD is 1.70M and currently, short sellers hold a 4.35% ratio of that float. The average trading volume of WAVD on April 17, 2024 was 195.19K shares.
WAVD’s Market Performance
WAVD’s stock has seen a -23.31% decrease for the week, with a -33.55% drop in the past month and a 30.77% gain in the past quarter. The volatility ratio for the week is 19.99%, and the volatility levels for the past 30 days are at 17.75% for WaveDancer Inc The simple moving average for the past 20 days is -32.14% for WAVD’s stock, with a -22.15% simple moving average for the past 200 days.
WAVD Trading at -20.89% from the 50-Day Moving Average
After a stumble in the market that brought WAVD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -77.33% of loss for the given period.
Volatility was left at 17.75%, however, over the last 30 days, the volatility rate increased by 19.99%, as shares sank -39.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.73% lower at present.
During the last 5 trading sessions, WAVD fell by -23.31%, which changed the moving average for the period of 200-days by -27.48% in comparison to the 20-day moving average, which settled at $2.94. In addition, WaveDancer Inc saw 20.71% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WAVD starting from BENOIT GERALD JAMES JR, who purchase 350,000 shares at the price of $0.50 back on Sep 29 ’23. After this action, BENOIT GERALD JAMES JR now owns 1,985,781 shares of WaveDancer Inc, valued at $175,000 using the latest closing price.
Stock Fundamentals for WAVD
Current profitability levels for the company are sitting at:
- -0.18 for the present operating margin
- 0.32 for the gross margin
The net margin for WaveDancer Inc stands at -0.25. The total capital return value is set at -0.56. Equity return is now at value -56.63, with -25.31 for asset returns.
Based on WaveDancer Inc (WAVD), the company’s capital structure generated 0.26 points at debt to capital in total, while cash flow to debt ratio is standing at -3.52. The debt to equity ratio resting at 0.35. The interest coverage ratio of the stock is -22.42.
Currently, EBITDA for the company is -2.17 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 0.53. The receivables turnover for the company is 7.14for trailing twelve months and the total asset turnover is 1.68. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.94.
Conclusion
In conclusion, WaveDancer Inc (WAVD) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
