Wearable Devices Ltd (NASDAQ: WLDS)’s stock price has dropped by -5.64 in relation to previous closing price of 0.38. Nevertheless, the company has seen a loss of -12.74% in its stock price over the last five trading days. globenewswire.com reported 2024-08-20 that The Mudra Band for Apple devices is now available for purchase at Amazon Marketplace in the U.S. YOKNEAM ILLIT, ISRAEL, Aug. 20, 2024 (GLOBE NEWSWIRE) — August 20, 2024 — 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 excited to announce that its flagship consumer product, the Mudra Band, is now available for purchase on Amazon Marketplace.
Is It Worth Investing in Wearable Devices Ltd (NASDAQ: WLDS) Right Now?
Moreover, the 36-month beta value for WLDS is 2.72.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for WLDS is 12.42M and currently, short sellers hold a 2.24% of that float. On August 26, 2024, WLDS’s average trading volume was 1.48M shares.
WLDS’s Market Performance
WLDS stock saw a decrease of -12.74% in the past week, with a monthly decline of -14.33% and a quarterly a decrease of 9.61%. The volatility ratio for the week is 11.71%, and the volatility levels for the last 30 days are 10.72% for Wearable Devices Ltd (WLDS). The simple moving average for the past 20 days is -8.64% for WLDS’s stock, with a -15.38% simple moving average for the past 200 days.
WLDS Trading at -19.28% 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 -73.01% of loss for the given period.
Volatility was left at 10.72%, however, over the last 30 days, the volatility rate increased by 11.71%, as shares sank -15.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -22.18% lower at present.
During the last 5 trading sessions, WLDS fell by -12.74%, which changed the moving average for the period of 200-days by -50.45% in comparison to the 20-day moving average, which settled at $0.3927. In addition, Wearable Devices Ltd saw 5.15% in overturn over a single year, with a tendency to cut further gains.
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 67.46. 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
To wrap up, the performance of Wearable Devices Ltd (WLDS) has been mixed in recent times. The stock has received a mixed 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.
