Wearable Devices Ltd (NASDAQ:WLDS) Drops -7.97 Percent In A Week: What Motivates The Stock?

In last trading session, Wearable Devices Ltd (NASDAQ:WLDS) saw 0.47 million shares changing hands with its beta currently measuring 2.71. Company’s recent per share price level of $0.25 trading at $0.01 or 7.09% at ring of the bell on the day assigns it a market valuation of $6.12M. That closing price of WLDS’s stock is at a discount of -352.0% from its 52-week high price of $1.13 and is indicating a premium of 8.0% from its 52-week low price of $0.23. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.4 million shares which gives us an average trading volume of 751.32K if we extend that period to 3-months.

Wearable Devices Ltd (NASDAQ:WLDS) trade information

Upright in the green during last session for gaining 7.09%, in the last five days WLDS remained trading in the red while hitting it’s week-highest on Monday, 09/23/24 when the stock touched $0.25 price level, adding 13.1% to its value on the day. Wearable Devices Ltd’s shares saw a change of -26.19% in year-to-date performance and have moved -7.97% in past 5-day. Wearable Devices Ltd (NASDAQ:WLDS) showed a performance of -31.19% in past 30-days. Number of shares sold short was 0.13 million shares which calculate 0.19 days to cover the short interests.

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Wearable Devices Ltd (WLDS) estimates and forecasts

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -53.14% during past 5 years.

Wearable Devices Ltd (NASDAQ:WLDS)’s Major holders

CITADEL ADVISORS LLC is the top institutional holder at WLDS for having 0.18 million shares of worth $0.1 million. And as of 2024-06-30, it was holding 1.1115 of the company’s outstanding shares.

The second largest institutional holder is SUSQUEHANNA INTERNATIONAL GROUP, LLP, which was holding about 83447.0 shares on 2024-06-30. The number of shares represents firm’s hold over 0.5151 of outstanding shares, having a total worth of $48091.0.