WiSA Technologies Inc (NASDAQ: WISA) has seen a rise in its stock price by 1.16 in relation to its previous close of 1.73. However, the company has experienced a 11.46% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-09-26 that NEW YORK–(BUSINESS WIRE)—- $WISA #WISA–Data Vault Holdings Partners with CLEAR to Power its KYC (Know Your Customer) Solution.
Is It Worth Investing in WiSA Technologies Inc (NASDAQ: WISA) Right Now?
Company’s 36-month beta value is -0.35.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for WISA is 4.02M, and currently, short sellers hold a 12.31% ratio of that floaft. The average trading volume of WISA on October 16, 2024 was 3.58M shares.
WISA’s Market Performance
WISA’s stock has seen a 11.46% increase for the week, with a -4.89% drop in the past month and a -31.91% fall in the past quarter. The volatility ratio for the week is 6.11%, and the volatility levels for the past 30 days are at 8.19% for WiSA Technologies Inc The simple moving average for the past 20 days is 1.45% for WISA’s stock, with a -64.12% 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 -2.62% 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 -97.62% of loss for the given period.
Volatility was left at 8.19%, however, over the last 30 days, the volatility rate increased by 6.11%, as shares sank -1.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.98% lower at present.
During the last 5 trading sessions, WISA rose by +10.15%, which changed the moving average for the period of 200-days by -90.14% in comparison to the 20-day moving average, which settled at $1.7240. In addition, WiSA Technologies Inc saw -90.02% 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 2,220 shares at the price of $1.67 back on Sep 23 ’24. After this action, MOYER BRETT now owns 152,798 shares of WiSA Technologies Inc, valued at $3,707 using the latest closing price.
WILLIAMS GARY sale 832 shares at $1.67 during a trade that took place back on Sep 23 ’24, which means that WILLIAMS GARY is holding 60,183 shares at $1,389 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 2.68. 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 a nutshell, WiSA Technologies Inc (WISA) has experienced a bad performance in recent times. The stock has received mixed “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.
