Summit Wireless Technologies Inc. (NASDAQ:WISA) saw an upside of 2.21% to close Monday at $2.77 after adding $0.06 on the day. The 5-day average trading volume is 282,980 shares of the company’s common stock. It has gained $3.18 in the past week. An average of 192,975 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 368,106.
WISA’s 1-month performance is -7.67% or -$0.23 on its low of $2.56 reached on 10/06/21. The company’s shares have touched a 52-week low of $1.83 and high of $7.06, with the stock’s rally to the 52-week high happening on 07/22/21. YTD, WISA has lost -21.75% or -$0.77. However, the current price is down -60.76%% from the 52-week high price.
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On Sep 02, 40 days have gone by since the last insider trading activity for Summit Wireless Technologies Inc. (WISA). Howse Michael (Former Director) most recently sold 2,333 shares at $3.36 per share on Sep 02. This transaction cost the insider $7,833. Former Director, Howse Michael, sold 2,334 shares at a price of $3.33 on Aug 31. Then, on Aug 16, Chief Financial Officer Oliva George sold 11,666 shares at a price of $3.09 per share. This transaction amounted to $36,048.
Summit Wireless Technologies Inc. (WISA) has a trailing price-to-earnings (P/E) ratio of 31.10 for the broader industry and 36.91 for the sector.WISA stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 9.55 while the price-to-book (PB) in the most recent quarter is 2.59.
Summit Wireless Technologies Inc.’s quick ratio for the period ended June 29 was 2.90, with the current ratio over the same period at 3.80 meaning that WISA stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.01, while the total debt to equity was 0.09. In terms of profitability, the gross margin trailing 12 months is 25.30%. The trailing 12-month EBITDA margin is -455.78%. The firm’s gross profit as reported stood at $0.43 million against revenue of $2.4 million.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected WISA to announce -$0.28 per share in earnings in its latest quarter, but it posted -$0.42, representing a -50.00% surprise. EBITDA for the quarter stood at more than -$2.79 million. WISA stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 4.24 million, with total debt at $0.9 million. Shareholders hold equity totaling $15.28 million
Let’s look briefly at Summit Wireless Technologies Inc. (WISA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 46.22% to suggest the stock is trending Neutral, with historical volatility in this time period at 46.75%.
The stock’s 5-day moving average is $2.70, reflecting a +2.21% or $0.06 change from its current price. WISA is currently trading -10.06% above its 20-day SMA, -31.94% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -21.75% and -6.42% respectively.
Stochastic %K and %D was 30.73% and 24.08% and the average true range (ATR) pointed at 0.18. The RSI (14) points at 43.24%, while the 14-day stochastic is at 33.87% with the period’s ATR at 0.18. The stock’s 9-day MACD Oscillator is pointing at 0.02 and -0.05 on the 14-day charts.
In the most recent analyst report for Summit Wireless Technologies Inc. (NASDAQ: WISA), H.C. Wainwright launched coverage with a Buy rating. Analysts offering their rating for WISA stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate WISA as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.
What is WISA’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $5.50 and a high of $15.00, with their median price target at $6.00. Looking at these predictions, the average price target given by analysts is for Summit Wireless Technologies Inc. (WISA) stock is $8.83.