How WiSA Technologies Inc. (WISA) Works From A Technical Perspective

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WiSA Technologies Inc. (NASDAQ:WISA) finished Wednesday with a subtraction of -$0.03 to close at $0.14, a downside of -16.55 percent. An average of 160,344,703 shares of common stock have been traded in the last five days. There was a gain of $0.0422 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 59,545,723 shares traded, while the 50-day average volume stands at 33,558,250.

WISA stock has increased by 41.23% in the last month. The company shares reached their 1-month lowest point of $0.0845 on 01/13/23. With the stock rallying to its 52-week high on 01/24/23, shares of the company touched a low of $0.08 and a high of $1.49 in 52 weeks. It has reached a new high 4 times so far this year and achieved 27.74% or $0.0299 in price. In spite of this, the price is down -90.76% from the 52-week high.

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Insider Transactions

WISA stock investors should be aware that WiSA Technologies Inc. (WISA) stock had its last reported insider trading activity 41 days ago on Dec 16. In this transaction, the insider spent $884., WILLIAMS GARY, disposed of 1,596 shares at a price of $0.11 on Dec 16. The insider now owns more than $169 worth of shares. Prior to that, Chief Financial Officer Oliva George went on to Sale 3,390 shares at $0.11 each on Dec 16. An amount of $359 was transacted.

Valuation Metrics

WiSA Technologies Inc. (WISA) stock’s beta is -0.17. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.95, the price-to-book (PB) ratio at 0.38.

Financial Health

The quick ratio of WiSA Technologies Inc. for the three months ended September 29 was 1.00, and the current ratio was 2.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.26 and a total debt to equity ratio of 0.26 for the quarter ending September 29. Its gross profit as reported stood at $1.86 million compared to revenue of $6.54 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, WiSA Technologies Inc.’s return on assets was -104.60%.

Earnings Surprise

In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$4.65 million in the quarter, while revenues of -$4.11 million were grew 55.7%. The analyst consensus anticipated WiSA Technologies Inc.’s latest quarter earnings to come in at -$0.23 per share, but it turned out to be -$0.33, a -43.50% surprise. For the quarter, EBITDA amounted to -$4.56 million. Shareholders own equity worth $17.12 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at WiSA Technologies Inc. (WISA) price momentum. RSI 9-day as of the close on 25 January was 59.77%, suggesting the stock is Neutral, with historical volatility in this time frame at 181.89%.

As of today, WISA’s price is $0.1453 +44.19% or $0.0422 from its 5-day moving average. WISA is currently trading +45.25% higher than its 20-day SMA and -77.93% lower than its 100-day SMA. However, the stock’s current price level is -58.90% below the SMA50 and -88.53% below the SMA200.

The stochastic %K and %D were 54.58% and 62.67%, respectively, and the average true range (ATR) was 0.0284. With the 14-day stochastic at 36.82% and the average true range at 0.0254, the RSI (14) stands at 53.92%. The stock has reached 0.0322 on the 9-day MACD Oscillator while the 14-day reading was at 0.0426.

Analyst Ratings

H.C. Wainwright launched coverage on WiSA Technologies Inc. (NASDAQ: WISA) in its analyst report released on December 14, 2020. The firm assigned the stock a Buy rating. The consensus rating for WiSA Technologies Inc. (WISA) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell WISA, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.

What is WISA’s price target for the next 12 months?

Analysts predict a range of price targets between $1.00 and $1.75, with a median target of $1.38. Taking a look at these predictions, the average price target given by analysts for WiSA Technologies Inc. (WISA) stock is $1.38.

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