WiSA Technologies Inc (NASDAQ: WISA)’s stock price has soared by 11.70 in relation to previous closing price of 1.71. Nevertheless, the company has seen a gain of 3.80% in its stock price over the last five trading days. businesswire.com reported 2024-10-24 that NEW YORK–(BUSINESS WIRE)–Data Vault Holdings Unveils DVHolo: A Next-Generation Hologram Product Suite Powered by ADIO® in Partnership with HYPERVSN.
Is It Worth Investing in WiSA Technologies Inc (NASDAQ: WISA) Right Now?
Additionally, the 36-month beta value for WISA is -0.35. 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.”
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The public float for WISA is 4.02M and currently, short sellers hold a 7.35% ratio of that float. The average trading volume of WISA on October 28, 2024 was 3.71M shares.
WISA’s Market Performance
WISA’s stock has seen a 3.80% increase for the week, with a 2.14% rise in the past month and a -14.73% fall in the past quarter. The volatility ratio for the week is 9.34%, and the volatility levels for the past 30 days are at 8.12% for WiSA Technologies Inc The simple moving average for the past 20 days is 10.69% for WISA’s stock, with a -55.96% 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 5.70% 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 -94.99% of loss for the given period.
Volatility was left at 8.12%, however, over the last 30 days, the volatility rate increased by 9.34%, as shares surge +7.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.35% upper at present.
During the last 5 trading sessions, WISA rose by +3.80%, which changed the moving average for the period of 200-days by -88.65% in comparison to the 20-day moving average, which settled at $1.7255. In addition, WiSA Technologies Inc saw -89.11% 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, the of WiSA Technologies Inc, 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 2.96. 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 conclusion, WiSA Technologies Inc (WISA) has seen mixed performance in recent times. Analysts have a bullish 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.
