In the latest trading session, 0.72 million WiSA Technologies Inc (NASDAQ:WISA) shares changed hands as the company’s beta touched -0.39. With the company’s most recent per share price at $1.99 changing hands around $0.18 or 9.67% at last look, the market valuation stands at $16.51M. WISA’s current price is a discount, trading about -842.21% off its 52-week high of $18.75. The share price had its 52-week low at $1.15, which suggests the last value was 42.21% up since then. When we look at WiSA Technologies Inc’s average trading volume, we note the 10-day average is 0.96 million shares, with the 3-month average coming to 631.76K.

Analysts gave the WiSA Technologies Inc (WISA) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended WISA as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. WiSA Technologies Inc’s EPS for the current quarter is expected to be -0.68.

WiSA Technologies Inc (NASDAQ:WISA) trade information

Instantly WISA is in green as seen in intraday trades today. With action 16.08%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -88.68%, with the 5-day performance at 16.08% in the green. However, in the 30-day time frame, WiSA Technologies Inc (NASDAQ:WISA) is 15.07% up. Looking at the short shares, we see there were 0.49 million shares sold at short interest cover period of 0.73 days.

The consensus price target for the stock as assigned by Wall Street analysts is 200, meaning bulls need an upside of 99.0% from its recent market value. According to analyst projections, WISA’s forecast low is 200 with 200 as the target high. To hit the forecast high, the stock’s price needs a -9950.25% plunge from its current level, while the stock would need to soar -9950.25% for it to hit the projected low.

WiSA Technologies Inc (WISA) estimates and forecasts

Data shows that the WiSA Technologies Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -18.31% over the past 6 months, a 97.62% in annual growth rate that is considerably higher than the industry average of 20.80%. Year-over-year growth is forecast to reach 17.62% up 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 700k. 1 analysts are of the opinion that WiSA Technologies Inc’s revenue for the current quarter will be 800k. The company’s revenue for the corresponding quarters a year ago was 420k and 255k respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 66.67%. The estimates for the next quarter sales put growth at 213.73%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 82.60%. The 2024 estimates are for WiSA Technologies Inc earnings to increase by 96.88%.

WISA Dividends

WiSA Technologies Inc is expected to release its next quarterly earnings report in January.

WiSA Technologies Inc (NASDAQ:WISA)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 20.63% of WiSA Technologies Inc shares while 5.72% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 7.21%.

Among Mutual Funds, the top two as of Oct 31, 2024 were Fidelity Extended Market Index Fund and Vanguard Extended Market Index Fund. With 28.8 shares estimated at $57173.0 under it, the former controlled 0.35% of total outstanding shares. On the other hand, Vanguard Extended Market Index Fund held about 0.16% of the shares, roughly 13.35 shares worth around $26489.0.