In the last trading session, 26.48 million WiSA Technologies Inc (NASDAQ:WISA) shares changed hands as the company’s beta touched 0.03. With the company’s per share price at $0.03 changed hands at $0.0 or -3.47% during last session, the market valuation stood at $1.62M. WISA’s last price was a discount, traded about -14433.33% off its 52-week high of $4.36. The share price had its 52-week low at $0.03. When we look at WiSA Technologies Inc’s average trading volume, we note the 10-day average is 32.66 million shares, with the 3-month average coming to 16.66 million.
WiSA Technologies Inc (NASDAQ:WISA) trade information
Instantly WISA was in red as seen at the end of in last trading. With action 1.09%, the performance over the past five days has been green. The drop to weekly highs of 0.0310 subtracted -3.47% to the stock’s daily price. The company’s shares are showing year-to-date downside of -76.22%, with the 5-day performance at 1.09% in the green. However, in the 30-day time frame, WiSA Technologies Inc (NASDAQ:WISA) is -34.28% down. Looking at the short shares, we see there were 0.77 million shares sold at short interest cover period of 0.07 days.
WiSA Technologies Inc (WISA) estimates and forecasts
Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for WiSA Technologies Inc will rise 95.50%, while the growth in revenue is estimated to hit 64.20% for the next quarter. Year-over-year growth is forecast to reach -27.20% down from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of $750k. 2 analysts are of the opinion that WiSA Technologies Inc’s revenue for the quarter ending Mar 2024 will be $650k. The company’s revenue for the corresponding quarters a year ago was $916k and $469k respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -18.10%. The estimates for the next quarter sales put growth at 38.60%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 52.31%. The 2024 estimates are for WiSA Technologies Inc earnings to increase by 96.74%.
WISA Dividends
WiSA Technologies Inc is expected to release its next quarterly earnings report between May 14 and May 20.
WiSA Technologies Inc (NASDAQ:WISA)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 10.39% of WiSA Technologies Inc shares while 0.34% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 0.38%. There are 0.34% institutions holding the WiSA Technologies Inc stock share, with Citadel Advisors Llc the top institutional holder. As of Dec 30, 2023, the company held 0.14% of the shares, roughly 82948.0 WISA shares worth $2305.0.
Vanguard Group Inc holds the second largest percentage of outstanding shares, with 0.08% or 45800.0 shares worth $1273.0 as of Dec 30, 2023.
Among Mutual Funds, the top two as of Dec 30, 2023 were Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund. With 45800.0 shares estimated at $1273.0 under it, the former controlled 0.08% of total outstanding shares. On the other hand, Fidelity Extended Market Index Fund held about 0.05% of the shares, roughly 29053.0 shares worth around $807.0.
