WiSA Technologies Inc. (NASDAQ:WISA) currently has a daily average trading volume of 2.25M but it saw 2547012 shares traded on Thursday. With a market cap of 4.86M USD, stock’s current market price of $1.36 came rising about 13.33 while comparing to the previous closing price of $1.20. In past 52 weeks, the stock remained buoying in the range of price level as high as $87.31 and as low as $0.95. In the recent trading on the day, stock has struck highest price mark of $1.41 while lowest mark touched by it was $1.12.
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Taking a look at 20-day trading activity of WiSA Technologies Inc. (WISA) gives us an average price of $1.2708, while its current price level is -98.44% below from 52-week high level whereas it is 43.16% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.5014 while that of 200 days or SMA-200 reads an average of $24.0702. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.45% during that period while stretching the period over a month that increases to 15.83%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 47.51 which implies that the stock is in neutral territory.
WiSA Technologies Inc. (WISA)’s stock is currently under the radar of 3 analysts who are in consensus at a 12-month price target range of between $4.00 and $10.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $4.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $10.00. Average price target assigned by them is $6.33 which highlights an upside potential of 78.52% for the stock over that period. And to attain the median price target of $5.00 assigned by those analysts, stock has to add about 72.8% of value to its current levels.
Data by FactSet Research shows that 3 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 3 analysts suggested the investors to Buy the stock while 0 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Buy for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, WISA’s stock price is moving 11.93% up while it is 36.00% when we observe its performance for the past one month. Year-to-date it is -87.38% down and over the past year, the stock is showing a downside performance of -98.14%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of -$0.53 beat the consensus estimate of -$3.36 for the same. The company is expected to be releasing its next quarterly report in 08/16/2023, for which analysts forecasted an EPS of -$1.62 while estimate for next year EPS is -$5.31. For WISA, analysts are forecasting an EPS-growth rate of 93.60% for current year and estimate for EPS growth in next year is 2.80%. In next quarter, company is expected to be making quarterly sales of $1.05 million as analysts are expecting the sales for current fiscal year at $3.6 million and seeing the company making $9 million in sales next year. Moreover, analysts are in estimates of $650k for current-quarter revenue.
Currently, WiSA Technologies Inc.’s total number of outstanding shares is 3.80M with 0.28% of that held by the insiders while 0.76% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 1203.10%. Stock’s beta reads -0.18. Stock has a price to book (P/B) ratio of 0.54 while price to sale or P/S ratio amounts to 1.43.
