In today’s recent session, 1.59 million shares of the WiSA Technologies Inc (NASDAQ:WISA) have been traded, and its beta is -0.44. Most recently the company’s share price was $2.44, and it changed around $0.14 or 6.09% from the last close, which brings the market valuation of the company to $20.46M. WISA at last check was trading at a discount to its 52-week high of $18.75, offering almost -668.44% off that amount. The share price’s 52-week low was $1.15, which indicates that the recent value has risen by an impressive 52.87% since then. We note from WiSA Technologies Inc’s average daily trading volume that its 10-day average is 2.8 million shares, with the 3-month average coming to 856.54K.
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 -0.68 for the current quarter.
WiSA Technologies Inc (NASDAQ:WISA) trade information
Instantly WISA has been showing a green trend so far today with a performance of 6.09% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.66 on recent trading dayincreased the stock’s daily price by 8.27%. The company’s shares are currently down -86.08% year-to-date, but still up 43.53% over the last five days. On the other hand, WiSA Technologies Inc (NASDAQ:WISA) is 50.62% 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 98.78% 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 -12.86 percent over the past six months and at a 97.62% annual growth rate that is well above the industry average of 21.20%. The year-over-year growth rate is expected to be 17.62%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 700k 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 66.67%. 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 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%.
