WaveDancer Inc. (NASDAQ:WAVD) finished Thursday with an addition of $0.04 to close at $0.47, an upside of 8.16 percent. An average of 763,703 shares of common stock have been traded in the last five days. There was a gain of $0.0489 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 6,630,661 shares traded, while the 50-day average volume stands at 2,751,284.
WAVD stock has increased by 23.37% in the last month. The company shares reached their 1-month lowest point of $0.2750 on 08/01/23. With the stock rallying to its 52-week high on 03/06/23, shares of the company touched a low of $0.25 and a high of $1.64 in 52 weeks. It has reached a new high 8 times so far this year and lost -3.08% or -$0.0139 in price. In spite of this, the price is down -71.64% from the 52-week high.
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Valuation Metrics
WaveDancer Inc. (WAVD) stock’s beta is 2.71. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.91, the price-to-book (PB) ratio at 3.88.
Financial Health
The quick ratio of WaveDancer Inc. for the recent quarter was 0.70, and the current ratio was 0.70, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.54 for the recent quarter. WaveDancer Inc.’s EBITDA margin is -57.96%. Its gross profit as reported stood at $2.58 million compared to revenue of $12.02 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, WaveDancer Inc.’s return on assets was -130.90%.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$1.35 million in the quarter, while revenues of -$9.45 million were shrunk -54.07%. Shareholders own equity worth $19.26 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at WaveDancer Inc. (WAVD) price momentum. RSI 9-day as of the close on 10 August was 62.19%, suggesting the stock is Neutral, with historical volatility in this time frame at 421.50%.
As of today, WAVD’s price is $0.4029 +11.72% or $0.0489 from its 5-day moving average. WAVD is currently trading +32.50% higher than its 20-day SMA and -24.34% lower than its 100-day SMA. However, the stock’s current price level is +25.95% above the SMA50 and -45.81% below the SMA200.
The stochastic %K and %D were 25.12% and 20.08%, respectively, and the average true range (ATR) was 0.0884. With the 14-day stochastic at 30.56% and the average true range at 0.0805, the RSI (14) stands at 59.95%. The stock has reached 0.0140 on the 9-day MACD Oscillator while the 14-day reading was at 0.0563.
