The 36-month beta value for WLDS is also noteworthy at 2.42.
The public float for WLDS is 1.97M, and at present, short sellers hold a 2.95% of that float. The average trading volume of WLDS on December 26, 2024 was 627.41K shares.
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WLDS) stock’s latest price update
Wearable Devices Ltd (NASDAQ: WLDS) has experienced a decline in its stock price by -5.58 compared to its previous closing price of 1.97. However, the company has seen a gain of 18.58% in its stock price over the last five trading days. globenewswire.com reported 2024-11-27 that Yokneam Illit, Israel, Nov. 27, 2024 (GLOBE NEWSWIRE) — Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), an award-winning pioneer in artificial intelligence (“AI”)-based wearable gesture control technology, today announced that it has closed its registered direct offering and concurrent private placement, announced on November 26, 2024, for the issuance and sale of 822,000 ordinary shares (or ordinary share equivalents) in a registered direct offering and warrants to purchase up to 822,000 of its ordinary shares in concurrent private placement at a combined purchase price of $2.25 per ordinary share. The warrants issued pursuant to the concurrent private placement have an exercise price of $2.50 per ordinary share, are immediately exercisable and expire five years following the date of issuance.
WLDS’s Market Performance
Wearable Devices Ltd (WLDS) has experienced a 18.58% rise in stock performance for the past week, with a -1.60% drop in the past month, and a -64.42% drop in the past quarter. The volatility ratio for the week is 14.16%, and the volatility levels for the past 30 days are at 15.91% for WLDS. The simple moving average for the past 20 days is 5.35% for WLDS’s stock, with a -72.08% simple moving average for the past 200 days.
WLDS Trading at -20.29% 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 -88.38% of loss for the given period.
Volatility was left at 15.91%, however, over the last 30 days, the volatility rate increased by 14.16%, as shares sank -32.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -49.87% lower at present.
During the last 5 trading sessions, WLDS rose by +19.23%, which changed the moving average for the period of 200-days by -79.96% in comparison to the 20-day moving average, which settled at $1.7660. In addition, Wearable Devices Ltd saw -73.11% 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 0.09. When we switch over and look at the enterprise to sales, we see a ratio of 8.58. 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 summary, Wearable Devices Ltd (WLDS) has had a bad performance as of late. Analysts have mixed 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.
