WiSA Technologies Inc (NASDAQ: WISA) Stock Dropped -14.86% Over A Month – Any Room To Run?

WiSA Technologies Inc (NASDAQ:WISA)’s traded shares stood at 0.72 million during the last session, with the company’s beta value hitting -0.46. At the close of trading, the stock’s price was $1.49, to imply a decrease of -4.49% or -$0.07 in intraday trading. The WISA share’s 52-week high remains $16.95, putting it -1037.58% down since that peak but still an impressive 22.82% since price per share fell to its 52-week low of $1.15. The company has a valuation of $71.99M, with an average of 0.79 million shares in intraday trading volume over the past 10 days and average of 1.00 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.

WiSA Technologies Inc (NASDAQ:WISA) trade information

After registering a -4.49% downside in the last session, WiSA Technologies Inc (WISA) has traded red over the past five days. The 5-day price performance for the stock is -20.32%, and -14.86% over 30 days. With these gigs, the year-to-date price performance is -27.32%. Short interest in WiSA Technologies Inc (NASDAQ:WISA) saw shorts transact 0.49 million shares and set a 0.73 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 -13322.82% off suggested target high and -13322.82% 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 -42.02% down over the last 6 months, with its year-to-date growth rate higher than industry average at 97.62% against 21.50%.

WISA Dividends

WiSA Technologies Inc has its next earnings report out in February. 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 20.63% of total outstanding shares, with institutional holders owning 5.72% of the shares at 7.21% float percentage. In total, 5.72% 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 Nov 30, 2024 , Fidelity Extended Market Index Fund holds roughly 28.61 shares. This is just over 0.34% of the total shares, with a market valuation of $42634.0. Data from the same date shows that the other fund manager holds a little less at 13.35, or 0.16% of the shares, all valued at about 19884.0.