Buy, Sell Or Hold Wearable Devices Ltd (NASDAQ:WLDS) At $0.50?

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In recent trading session, Wearable Devices Ltd (NASDAQ:WLDS) saw 0.5 million shares changing hands at last check today with its beta currently measuring 2.55. Company’s recent per share price level of $0.50 trading at $0.01 or 3.00% at last check today assigns it a market valuation of $1.76M. That most recent trading price of WLDS’s stock is at a discount of -3100.0% from its 52-week high price of $16.00 and is indicating a premium of 2.0% from its 52-week low price of $0.49. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 96970.0 shares which gives us an average trading volume of 353.75K if we extend that period to 3-months.

Wearable Devices Ltd (NASDAQ:WLDS) trade information

Upright in the green today for gaining 3.00%, in the last five days WLDS remained trading in the red while hitting it’s week-highest on Monday, 03/10/25 when the stock touched $0.50 price level, adding 27.11% to its value on the day. Wearable Devices Ltd’s shares saw a change of -76.84% in year-to-date performance and have moved -25.75% in past 5-day. Wearable Devices Ltd (NASDAQ:WLDS) showed a performance of -35.77% in past 30-days. Number of shares sold short was 0.1 million shares which calculate 0.29 days to cover the short interests.

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

Insiders are in possession of 8.30% of company’s total shares while institution are holding 5.35 percent of that, with stock having share float percentage of 5.83%. Investors also watch the number of corporate investors in a company very closely, which is 5.35% institutions for Wearable Devices Ltd that are currently holding shares of the company. CITADEL ADVISORS LLC is the top institutional holder at WLDS for having 0.18 million shares of worth $0.1 million. And as of 2024-06-30, it was holding 1.1115 of the company’s outstanding shares.

The second largest institutional holder is SUSQUEHANNA INTERNATIONAL GROUP, LLP, which was holding about 83447.0 shares on 2024-06-30. The number of shares represents firm’s hold over 0.5151 of outstanding shares, having a total worth of $48091.0.