The stock price of WiSA Technologies Inc (NASDAQ: WISA) has surged by 2.89 when compared to previous closing price of 5.89, but the company has seen a 165.79% gain in its stock price over the last five trading sessions. Market Watch reported 2024-04-18 that Shares of WiSA Technologies Inc. were among the biggest decliners listed on the Nasdaq, but that registered as only a minor pullback following a fivefold rocket ride over the previous two sessions.
Is It Worth Investing in WiSA Technologies Inc (NASDAQ: WISA) Right Now?
The 36-month beta value for WISA is at -0.33. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for WISA is 1.59M, and currently, shorts hold a 1.73% of that float. The average trading volume for WISA on April 22, 2024 was 4.73M shares.
WISA’s Market Performance
WISA stock saw an increase of 165.79% in the past week, with a monthly gain of 42.25% and a quarterly increase of -62.10%. The volatility ratio for the week is 85.66%, and the volatility levels for the last 30 days are 30.97% for WiSA Technologies Inc (WISA). The simple moving average for the past 20 days is 56.57% for WISA’s stock, with a -89.80% simple moving average for the past 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 14, 2020 of the previous year 2020.
WISA Trading at 12.06% 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 -98.49% of loss for the given period.
Volatility was left at 30.97%, however, over the last 30 days, the volatility rate increased by 85.66%, as shares surge +40.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -49.69% lower at present.
During the last 5 trading sessions, WISA rose by +165.79%, which changed the moving average for the period of 200-days by -96.79% in comparison to the 20-day moving average, which settled at $3.96. In addition, WiSA Technologies Inc saw -65.44% 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, the of WiSA Technologies Inc, 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:
- -10.3 for the present operating margin
- -1.66 for the gross margin
The net margin for WiSA Technologies Inc stands at -6.99. The total capital return value is set at -18.09. Equity return is now at value -508.19, with -230.06 for asset returns.
Currently, EBITDA for the company is -21.36 million with net debt to EBITDA at -0.01. When we switch over and look at the enterprise to sales, we see a ratio of 5.24. The receivables turnover for the company is 7.09for trailing twelve months and the total asset turnover is 0.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.12.
Conclusion
In conclusion, WiSA Technologies Inc (WISA) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
