WiSA Technologies Inc. (NASDAQ:WISA) has a beta value of -0.17 and has seen 124.68 million shares traded in the last trading session. The company, currently valued at $9.99M, closed the last trade at $0.16 per share which meant it gained $0.02 on the day or 13.72% during that session. The WISA stock price is -831.25% off its 52-week high price of $1.49 and 50.0% above the 52-week low of $0.08. If we look at the company’s 10-day average daily trading volume, we find that it stood at 59.48 million shares traded. The 3-month trading volume is 20.82 million shares.
The consensus among analysts is that WiSA Technologies Inc. (WISA) is a Buy stock at the moment, with a recommendation rating of 2.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.19.
WiSA Technologies Inc. (NASDAQ:WISA) trade information
Sporting 13.72% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Monday, 01/23/23 when the WISA stock price touched $0.16 or saw a rise of 16.01%. Year-to-date, WiSA Technologies Inc. shares have moved 48.42%, while the 5-day performance has seen it change 74.10%. Over the past 30 days, the shares of WiSA Technologies Inc. (NASDAQ:WISA) have changed 77.38%. Short interest in the company has seen 12.3 million shares shorted with days to cover at 0.51.
Wall Street analysts have a consensus price target for the stock at $1.38, which means that the shares’ value could jump 88.41% from current levels. The projected low price target is $1.00 while the price target rests at a high of $1.75. In that case, then, we find that the current price level is -993.75% off the targeted high while a plunge would see the stock gain -525.0% from current levels.
WiSA Technologies Inc. (WISA) estimates and forecasts
Figures show that WiSA Technologies Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -76.74% over the past 6 months, with this year growth rate of 3.81%, compared to 20.00% for the industry. Revenue growth from the last financial year stood is estimated to be -40.40%.
3 analysts offering their estimates for the company have set an average revenue estimate of $1.3 million for the current quarter. 2 have an estimated revenue figure of $1.2 million for the next quarter concluding in Mar 2023. Year-ago sales stood $2 million and $566k respectively for this quarter and the next, and analysts expect sales will shrink by -35.00% for the current quarter and 112.00% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 39.70% over the past 5 years.
WiSA Technologies Inc. is expected to release its next earnings report between March 09 and March 13 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
WiSA Technologies Inc. (NASDAQ:WISA)’s Major holders
Insiders own 1.63% of the company shares, while shares held by institutions stand at 8.72% with a share float percentage of 8.87%. Investors are also buoyed by the number of investors in a company, with WiSA Technologies Inc. having a total of 20 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 0.36 million shares worth more than $56925.0. As of Sep 29, 2022, Vanguard Group, Inc. (The) held 0.50% of shares outstanding.
The other major institutional holder is Geode Capital Management, LLC, with the holding of over 0.15 million shares as of Sep 29, 2022. The firm’s total holdings are worth over $23527.0 and represent 0.21% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of Sep 29, 2022, the former fund manager holds about 0.30% shares in the company for having 0.21 million shares of worth $34045.0 while later fund manager owns 0.13 million shares of worth $21554.0 as of Sep 29, 2022, which makes it owner of about 0.19% of company’s outstanding stock.