WiSA Technologies Inc (NASDAQ:WISA)’s traded shares stood at 4.56 million during the latest session, with the company’s beta value hitting -0.36. At the last check today, the stock’s price was $1.71, to imply a decrease of -2.21% or -$0.04 in intraday trading. The WISA share’s 52-week high remains $38.10, putting it -2128.07% down since that peak but still an impressive 32.75% since price per share fell to its 52-week low of $1.15. The company has a valuation of $9.62M, with an average of 0.48 million shares in intraday trading volume over the past 10 days and average of 3.63 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for WiSA Technologies Inc (WISA), translating to a mean rating of 2.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give WISA a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.67.
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WiSA Technologies Inc (NASDAQ:WISA) trade information
After registering a -2.21% downside in the latest session, WiSA Technologies Inc (WISA) has traded red over the past five days. The 5-day price performance for the stock is -2.21%, and -18.12% over 30 days. With these gigs, the year-to-date price performance is -90.24%. Short interest in WiSA Technologies Inc (NASDAQ:WISA) saw shorts transact 0.49 million shares and set a 0.05 days time to cover.
The extremes give us $200 and $200 for target low and target high price respectively. As such, WISA has been trading -11595.91% off suggested target high and -11595.91% from its likely low.
WiSA Technologies Inc (WISA) estimates and forecasts
Looking at statistics comparing WiSA Technologies Inc share performance against respective industry, we note that the company has outperformed competitors. WiSA Technologies Inc (WISA) shares are -72.26% down over the last 6 months, with its year-to-date growth rate higher than industry average at 97.54% against 5.10%. Revenue is forecast to grow 99.50% this quarter before jumping 98.10% for the next one. The rating firms project that company’s revenue will shrink -6.40% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is 650k. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 700k.Earnings reports from the last fiscal year show that sales brought in 769k and 420k respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -15.50% before jumping 66.70% in the following quarter.
WISA Dividends
WiSA Technologies Inc has its next earnings report out on 2024-Nov-14. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
WiSA Technologies Inc (NASDAQ:WISA)’s Major holders
WiSA Technologies Inc insiders hold 28.51% of total outstanding shares, with institutional holders owning 1.76% of the shares at 2.47% float percentage. In total, 1.76% institutions holds shares in the company.
We also have Fidelity Extended Market Index Fund and Vanguard Extended Market Index Fund as the top two Mutual Funds with the largest holdings of the WiSA Technologies Inc (WISA) shares. Going by data provided on Aug 31, 2024, Fidelity Extended Market Index Fund holds roughly 27.64 shares. This is just over 0.49% of the total shares, with a market valuation of $46717.0. Data from the same date shows that the other fund manager holds a little less at 6.94, or 0.12% of the shares, all valued at about 11726.0.
