In the last trading session, 1.52 million shares of the WiSA Technologies Inc (NASDAQ:WISA) were traded, and its beta was -0.37. Most recently the company’s share price was $2.07, and it changed around $0.0 or 0.00% from the last close, which brings the market valuation of the company to $17.16M. WISA currently trades at a discount to its 52-week high of $38.10, offering almost -1740.58% off that amount. The share price’s 52-week low was $1.15, which indicates that the current value has risen by an impressive 44.44% since then. We note from WiSA Technologies Inc’s average daily trading volume that its 10-day average is 0.34 million shares, with the 3-month average coming to 3.79 million.
WiSA Technologies Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended WISA as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. WiSA Technologies Inc is expected to report earnings per share of -0.6 for the current quarter.
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WiSA Technologies Inc (NASDAQ:WISA) trade information
The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.4000 on recent trading dayincreased the stock’s daily price by 13.75%. The company’s shares are currently down -88.20% year-to-date, but still up 13.11% over the last five days. On the other hand, WiSA Technologies Inc (NASDAQ:WISA) is 12.50% up in the 30-day period. We can see from the shorts that 0.49 million shares have been sold at a short interest cover period of 0.73 day(s).
The consensus price target as assigned by Wall Street analysts is $200, which translates to bulls needing to increase their stock price by 98.97% from its current value. Analyst projections state that WISA is forecast to be at a low of $200 and a high of $200.
WiSA Technologies Inc (WISA) estimates and forecasts
WiSA Technologies Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -41.85 percent over the past six months and at a 97.54% annual growth rate that is well above the industry average of 17.90%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 98.20% in revenue this quarter, and will report an increase of 99.93% in the next quarter. The year-over-year growth rate is expected to be 24.82%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 900k in revenue for the current quarter. 1 analysts expect WiSA Technologies Inc to make 800k in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 420k and 255k respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 114.29%. Forecasts for the next quarter put sales growth at 213.73%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 82.60%.
WISA Dividends
WiSA Technologies Inc’s next quarterly earnings report is expected to be released in December.
WiSA Technologies Inc (NASDAQ:WISA)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 20.63% of WiSA Technologies Inc shares, and 5.72% of them are in the hands of institutional investors. The stock currently has a share float of 7.21%.
