Wearable Devices Ltd (NASDAQ: WLDS) has seen a decline in its stock price by -6.94 in relation to its previous close of 0.36. However, the company has experienced a -9.76% decline in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-05-02 that YOKNEAM ILLIT, ISRAEL, May 02, 2024 (GLOBE NEWSWIRE) — Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in artificial intelligence (“AI”)-powered touchless sensing wearables, is proud to announce its selection to present at the Samsung Global Sourcing Fair 2024 in Suwon, South Korea taking place at the end of May. This prestigious invitation provides a significant platform for Wearable Devices to showcase its innovative technology directly to Samsung’s senior management and key global stakeholders.
Is It Worth Investing in Wearable Devices Ltd (NASDAQ: WLDS) Right Now?
Additionally, the 36-month beta value for WLDS is 2.51.
The public float for WLDS is 12.42M and currently, short sellers hold a 2.03% ratio of that float. The average trading volume of WLDS on May 02, 2024 was 1.08M shares.
WLDS’s Market Performance
The stock of Wearable Devices Ltd (WLDS) has seen a -9.76% decrease in the past week, with a -33.03% drop in the past month, and a -13.50% fall in the past quarter. The volatility ratio for the week is 12.24%, and the volatility levels for the past 30 days are at 9.56% for WLDS. The simple moving average for the last 20 days is -29.19% for WLDS stock, with a simple moving average of -49.19% for the last 200 days.
WLDS Trading at -32.26% from the 50-Day Moving Average
After a stumble in the market that brought WLDS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -86.96% of loss for the given period.
Volatility was left at 9.56%, however, over the last 30 days, the volatility rate increased by 12.24%, as shares sank -30.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.74% lower at present.
During the last 5 trading sessions, WLDS fell by -8.35%, which changed the moving average for the period of 200-days by -78.81% in comparison to the 20-day moving average, which settled at $0.4642. In addition, Wearable Devices Ltd saw -2.94% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for WLDS
Current profitability levels for the company are sitting at:
- -99.83 for the present operating margin
- -0.59 for the gross margin
The net margin for Wearable Devices Ltd stands at -95.29. The total capital return value is set at -1.41. Equity return is now at value -100.79, with -83.06 for asset returns.
Based on Wearable Devices Ltd (WLDS), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at -14.67.
Currently, EBITDA for the company is -8.12 million with net debt to EBITDA at 0.03. When we switch over and look at the enterprise to sales, we see a ratio of 62.17. The receivables turnover for the company is 0.76for trailing twelve months and the total asset turnover is 0.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.78.
Conclusion
In conclusion, Wearable Devices Ltd (WLDS) has seen bad 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.
