As of Friday close, WaveDancer Inc.’s (NASDAQ:WAVD) stock was down -$0.05, moving down -12.19 percent to $0.42. The average number of shares traded per day over the past five days has been 25,687,461 shares. 3 times new highs have been achieved over the past 5 days, with a $0.1271 gain in that time frame. In the last twenty days, the average volume was 6,585,980, while in the previous 50 days, it was 2,676,924.
Since last month, WAVD stock rose 51.67%. Shares of the company fell to $0.2505 on 07/06/23, the lowest level in the past month. A 52-week high of $1.64 was reached on 03/06/23 after having rallying from a 52-week low of $0.25. Since the beginning of this year, WAVD’s stock price has dropped by -13.09% or -$0.0628, and marked a new high 8 times. However, the stock has declined by -74.57% since its 52-week high.
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WAVD stock investors should be aware that WaveDancer Inc. (WAVD) stock had its last reported insider trading activity 235 days ago on Dec 13. BENOIT GERALD JAMES JR, the CEO of the company, purchased of 3,996 shares for $0.64 on Dec 13. It resulted in a $2,557 investment by the insider. BENOIT GERALD JAMES JR added 21,004 shares at an average price of $0.64 on Dec 12. The insider now owns 1,631,785 shares following the transaction. On Dec 06, CEO BENOIT GERALD JAMES JR bought 1,798 shares at $0.69 apiece. The transaction was valued at $1,241.
Valuation Metrics
The stock’s beta is 2.71. Besides these, the trailing price-to-sales (P/S) ratio of 0.73, the price-to-book (PB) ratio of 3.48.
Financial Health
In the recent quarter, WaveDancer Inc.’s quick ratio stood at 0.70, while its current ratio was 0.70, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 25.60% percent. Based on annual data, WAVD earned $2.58 million in gross profit and brought in $12.02 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -431.20%. Return on equity (ROE) for the past 12 months was -203.60%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. WAVD’s revenue fell -38.89% to $2.4 million during the quarter, while net income inched up to $2.16 million. During the quarter, the company generated -$0.9 million in EBITDA. The liabilities of WaveDancer Inc. were 4.92 million at the end of its most recent quarter, and its total debt was $1.73 million. The value of shareholders’ equity is $19.26 million.
Technical Picture
This quick technical analysis looks at WaveDancer Inc.’s (WAVD) price momentum. With a historical volatility rate of 412.94%, the RSI 9-day stood at 57.17% on 04 August.
With respect to its five-day moving average, the current WaveDancer Inc. price is up by +43.83% percent or $0.1271. At present, WAVD shares trade +45.38% above its 20-day simple moving average and -38.67% percent below its 100-day simple moving average. However, the stock is currently trading approximately -5.20% below its SMA50 and -64.65% below its SMA200.
Stochastic coefficient K was 34.51% and Stochastic coefficient D was 29.01%, while ATR was 0.0994. Given the Stochastic reading of 22.74% for the 14-day period, the RSI (14) reading has been calculated as 56.55%. As of today, the MACD Oscillator reading stands at 0.1301, while the 14-day reading stands at 0.1519.
Analyst Ratings
WaveDancer Inc. (WAVD) has been rated – by analysts. According to 0 brokerage firms, WAVD 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 WaveDancer Inc. stock as buy, with 0 recommending it as overweight.
