The stock price of Wearable Devices Ltd (NASDAQ: WLDS) has dropped by -13.25 compared to previous close of 4.15. Despite this, the company has seen a fall of -24.87% in its stock price over the last five trading days. globenewswire.com reported 2024-10-11 that YOKNEAM ILLIT, ISRAEL, Oct. 11, 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, today announced the official launch of its Mudra Band on Walmart.com (“Walmart”). This exciting development brings the Company’s innovative neural-based gesture control technology to one of the largest retail platforms in the world, making it more accessible to millions of Apple users in the United States.
Is It Worth Investing in Wearable Devices Ltd (NASDAQ: WLDS) Right Now?
Additionally, the 36-month beta value for WLDS is 2.72.
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The public float for WLDS is 0.94M and currently, short sellers hold a 0.90% ratio of that float. The average trading volume of WLDS on October 14, 2024 was 37.60K shares.
WLDS’s Market Performance
The stock of Wearable Devices Ltd (WLDS) has seen a -24.87% decrease in the past week, with a -43.06% drop in the past month, and a -58.28% fall in the past quarter. The volatility ratio for the week is 18.92%, and the volatility levels for the past 30 days are at 10.42% for WLDS. The simple moving average for the past 20 days is -27.63% for WLDS’s stock, with a -55.94% simple moving average for the past 200 days.
WLDS Trading at -43.51% 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 -84.06% of loss for the given period.
Volatility was left at 10.42%, however, over the last 30 days, the volatility rate increased by 18.92%, as shares sank -42.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -56.35% lower at present.
During the last 5 trading sessions, WLDS fell by -24.87%, which changed the moving average for the period of 200-days by -40.02% in comparison to the 20-day moving average, which settled at $4.97. In addition, Wearable Devices Ltd saw -47.67% 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:
- -18.0 for the present operating margin
- 0.19 for the gross margin
The net margin for Wearable Devices Ltd stands at -17.52. The total capital return value is set at -4.54. Equity return is now at value -174.12, with -110.28 for asset returns.
Based on Wearable Devices Ltd (WLDS), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at -4.43.
Currently, EBITDA for the company is -8.12 million with net debt to EBITDA at 0.14. When we switch over and look at the enterprise to sales, we see a ratio of 8.03. The receivables turnover for the company is 9.87for trailing twelve months and the total asset turnover is 0.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.34.
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.
