Why Do You Need To Add WiSA Technologies Inc (WISA) To Your Portfolio?

WiSA Technologies Inc (NASDAQ:WISA) has a beta value of -0.41 and has seen 84.38 million shares traded in the recent trading session. The company, currently valued at $14.61M, closed the recent trade at $2.60 per share which meant it gained $1.24 on the day or 91.20% during that session. The WISA stock price is -4688.46% off its 52-week high price of $124.50 and 55.77% above the 52-week low of $1.15. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.12 million shares traded. The 3-month trading volume is 1.13 million shares.

The consensus among analysts is that WiSA Technologies Inc (WISA) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.73.

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WiSA Technologies Inc (NASDAQ:WISA) trade information

Sporting 91.20% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the WISA stock price touched $2.60 or saw a fall of -6.56%. Year-to-date, WiSA Technologies Inc shares have moved -85.17%, while the 5-day performance has seen it change 65.62%. Over the past 30 days, the shares of WiSA Technologies Inc (NASDAQ:WISA) have changed 41.32%. Short interest in the company has seen 0.24 million shares shorted with days to cover at 1.72.

Wall Street analysts have a consensus price target for the stock at $200, which means that the shares’ value could jump 98.7% from the levels at last check today. The projected low price target is $200.0 while the price target rests at a high of $200.0. In that case, then, we find that the latest price level in today’s session is -7592.31% off the targeted high while a plunge would see the stock gain -7592.31% from the levels at last check today.

WiSA Technologies Inc (WISA) estimates and forecasts

The company’s shares have lost -61.65% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -1.60%.

2 analysts offering their estimates for the company have set an average revenue estimate of 750k for the current quarter. 2 have an estimated revenue figure of 750k for the next ending quarter. Year-ago sales stood 769k and 420k respectively for this quarter and the next, and analysts expect sales will shrink by -2.50% for the current quarter and -1.60% 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 82.60% over the past 5 years.

WISA Dividends

WiSA Technologies Inc is expected to release its next earnings report in October 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 10.51% of the company shares, while shares held by institutions stand at 1.68% with a share float percentage of 1.87%. Investors are also buoyed by the number of investors in a company, with WiSA Technologies Inc having a total of 11.0 institutions that hold shares in the company.