WiSA Technologies Inc. (WISA) Is A Stock You Should Watch


At the last check on Friday, WiSA Technologies Inc.’s (NASDAQ: WISA) stock was down -$0.03, moving down -2.30 percent to $1.33. The average number of shares traded per day over the past five days has been 870,634 shares. 3 times new highs have been achieved over the past 5 days, with a $0.0400 gain in that time frame. In the last twenty days, the average volume was 3,714,018, while in the previous 50 days, it was 2,819,869.

Since last month, WISA stock rose 29.00%. Shares of the company fell to $0.9500 on 04/27/23, the lowest level in the past month. A 52-week high of $87.31 was reached on 01/24/23 after having rallied from a 52-week low of $0.95. Since the beginning of this year, WISA’s stock price has dropped by -87.67% or -$9.4500 and marked a new high 4 times. However, the stock has declined by -98.48% since its 52-week high.

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WISA stock investors should be aware that WiSA Technologies Inc. (WISA) stock had its last reported insider trading activity 161 days ago on Dec 16. MOYER BRETT disposed of 8,335 shares for $0.11 on Dec 16. It resulted in an $884 divestment by the insider. Oliva George sold 3,390 shares at an average price of $0.11 on Dec 16. The insider now owns 261,651 shares following the transaction. On Dec 16, WILLIAMS GARY sold 1,596 shares at $0.11 apiece. The transaction was valued at $169.

Financial Health

In the three months that ended March 30, WiSA Technologies Inc.’s quick ratio stood at 2.00, while its current ratio was 3.80, showing that the company is able to pay off its debt. According to the company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.06. On the profitability front, the trailing twelve-month gross margin is 11.70% percent. Based on annual data, WISA earned $0.4 million in gross profit and brought in $3.37 million in revenue.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. WISA’s revenue fell -21.28% to $0.92 million during the quarter, while net income inched up to $0.47 million. While analysts expected WiSA Technologies Inc. to report -$3.36 quarterly earnings, the actual figure was -$0.53 per share, beating the consensus estimate by 84.20%. During the quarter, the company generated -$5.05 million in EBITDA. The liabilities of WiSA Technologies Inc. were 4.81 million at the end of its most recent quarter ended March 30, and its total debt was $0.47 million. The value of shareholders’ equity is $3.8 million.

Technical Picture

This quick technical analysis looks at WiSA Technologies Inc.’s (WISA) price momentum. With a historical volatility rate of 133.08%, the RSI 9-day stood at 51.16% on 25 May.

With respect to its five-day moving average, the current WiSA Technologies Inc. price is up by +3.10% percent or $0.0400. At present, WISA shares trade +13.68% above its 20-day simple moving average and -86.57% percent below its 100-day simple moving average. However, the stock is currently trading approximately -53.98% below its SMA50 and -98.13% below its SMA200.

Stochastic coefficient K was 12.48% and Stochastic coefficient D was 12.97%, while ATR was 0.2029. Given the Stochastic reading of 14.01% for the 14-day period, the RSI (14) reading has been calculated as 46.48%.

Analyst Ratings

WiSA Technologies Inc. (WISA) has been rated Buy by analysts. According to 0 brokerage firms, WISA is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate WiSA Technologies Inc. stock as buy, with 3 recommending it as overweight.

With a median target price of $5.00, the current consensus forecast for the stock is $4.00 – $10.00. Based on these forecasts, analysts predict WiSA Technologies Inc. (WISA) will achieve an average price target of $6.33.


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