Weak Fundamental Momentum Pushes Wearable Devices Ltd (WLDS) Lower

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Wearable Devices Ltd (NASDAQ:WLDS) has a beta value of 2.20 and has seen 0.8 million shares traded in the recent trading session. The company, currently valued at $6.30M, closed the recent trade at $2.15 per share which meant it lost -$0.13 on the day or -5.70% during that session. The WLDS stock price is -644.19% off its 52-week high price of $16.00 and 38.6% above the 52-week low of $1.32. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.48 million shares traded. The 3-month trading volume is 696.69K shares.

Wearable Devices Ltd (NASDAQ:WLDS) trade information

Sporting -5.70% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the WLDS stock price touched $2.15 or saw a rise of 17.94%. Year-to-date, Wearable Devices Ltd shares have moved -1.38%, while the 5-day performance has seen it change 14.36%. Over the past 30 days, the shares of Wearable Devices Ltd (NASDAQ:WLDS) have changed 36.08%. Short interest in the company has seen 58062.0 shares shorted with days to cover at 0.04.

Wearable Devices Ltd (WLDS) estimates and forecasts

The company’s shares have lost -78.06% over the past 6 months.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 27.59% over the past 5 years.

WLDS Dividends

Wearable Devices Ltd is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

The top two institutional holders are CITADEL ADVISORS LLC with over 0.18 million shares worth more than $0.1 million. As of 2024-06-30, CITADEL ADVISORS LLC held 1.1115% of shares outstanding.

The other major institutional holder is SUSQUEHANNA INTERNATIONAL GROUP, LLP, with the holding of over 83447.0 shares as of 2024-06-30. The firm’s total holdings are worth over $48091.0 and represent 0.5151% of shares outstanding.