The 36-month beta value for WISA is also noteworthy at -0.44. There are mixed opinions on the stock, with 1 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 WISA is 5.03M, and at present, short sellers hold a 4.68% of that float. The average trading volume of WISA on September 17, 2024 was 3.62M shares.
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WISA) stock’s latest price update
WiSA Technologies Inc (NASDAQ: WISA) has experienced a decline in its stock price by -10.45 compared to its previous closing price of 2.01. However, the company has seen a fall of -18.55% in its stock price over the last five trading days. businesswire.com reported 2024-09-16 that NEW YORK–(BUSINESS WIRE)–Data Vault Holdings, Inc.®, which is under a definitive asset purchase agreement to sell its Datavault® and ADIO® IP and IT assets to WiSA Technologies, Inc. (NASDAQ: WISA) and is leading the way in metaverse data visualization, valuation, and monetization today announced that it is set to take the stage at the New York Scientific Data Summit (NYSDS) 2024. The summit, hosted by Brookhaven National Laboratory on September 16-17, 2024, will address key advancements in D.
WISA’s Market Performance
WiSA Technologies Inc (WISA) has experienced a -18.55% fall in stock performance for the past week, with a 5.88% rise in the past month, and a -24.37% drop in the past quarter. The volatility ratio for the week is 12.13%, and the volatility levels for the past 30 days are at 14.73% for WISA. The simple moving average for the past 20 days is -4.53% for WISA’s stock, with a -74.07% 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 -15.25% 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 -98.46% of loss for the given period.
Volatility was left at 14.73%, however, over the last 30 days, the volatility rate increased by 12.13%, as shares surge +6.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -43.75% lower at present.
During the last 5 trading sessions, WISA fell by -18.55%, which changed the moving average for the period of 200-days by -90.70% in comparison to the 20-day moving average, which settled at $1.89. In addition, WiSA Technologies Inc saw -89.73% 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 WILLIAMS GARY, who sale 16 shares at the price of $0.13 back on Dec 18 ’23. After this action, WILLIAMS GARY now owns 48,931 shares of WiSA Technologies Inc, valued at $2 using the latest closing price.
MOYER BRETT, the of WiSA Technologies Inc, sale 80 shares at $0.13 during a trade that took place back on Dec 18 ’23, which means that MOYER BRETT is holding 74,509 shares at $10 based on the most recent closing price.
Stock Fundamentals for WISA
Current profitability levels for the company are sitting at:
- -11.47 for the present operating margin
- -1.16 for the gross margin
The net margin for WiSA Technologies Inc stands at -29.31. The total capital return value is set at -2.91. Equity return is now at value -853.18, with -536.03 for asset returns.
Based on WiSA Technologies Inc (WISA), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -220.07. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -15.35.
Currently, EBITDA for the company is -21.36 million with net debt to EBITDA at 0.27. When we switch over and look at the enterprise to sales, we see a ratio of 2.61. The receivables turnover for the company is 15.29for trailing twelve months and the total asset turnover is 0.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.79.
Conclusion
In summary, WiSA Technologies Inc (WISA) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others 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.
