Summit Wireless Technologies Inc. (NASDAQ:WISA) does about 1.27M shares in volume on a normal day but saw 1121662 shares change hands in Friday trading. The company now has a market cap of 17.10M USD and an enterprise value of about $17.62M. Its current market price is $2.32, marking an increase of 4.50% compared to the previous close of $2.22. The 52 week high reached by this stock is $26.60 whilst the lowest price level in 52 weeks is $2.12. The script in recent trading has seen the stock touch a high of $2.35 and a low of $2.15.
Summit Wireless Technologies Inc. (WISA) has a 20-day trading average at $2.33 and the current price is -91.28% off the 52-week high compared with 9.43% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.32 and its 200-day simple moving average is $6.92. If we look at the stock’s price movements over the week, volatility stands at 5.12%, which increases to 5.82% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 49.81 to suggest the stock is neutral.
1 analysts observing the Summit Wireless Technologies Inc. (WISA) stock have set the 12-month price targets for the company’s shares at between $14.00 and $15.00. The median price target is 84.0% away from the current levels at $14.50.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy.
The current price level is -0.77%, 0.09%, and -66.83% away from its SMA20, SMA50, and SMA200 respectively, with the WISA price moving above the 50-day SMA on August 14. Summit Wireless Technologies Inc. (WISA) stock is down -4.13% over the week and 3.57% over the past month. Its price is -80.98% year-to-date and -89.64% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of -$0.9 below consensus estimates by -$0.5. The company’s next earnings report is expected on 11/12/2020, with forecasts estimating quarterly EPS at -$0.69 and -$3.09 for whole year. WISA’s earnings per share are forecast to grow by 75.90% this year and 11.00% over next year. Expected sales for next quarter are $880k, which analysts say will come at $2.1 million for the current fiscal year and next year at $4.39 million. In addition, estimates put the company’s current quarterly revenue at an average of $600k.
Its 12-month price target is $14.50. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $14.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $15.00.
Outstanding shares total 7.72M with insiders holding 43.27% of the shares and institutional holders owning 22.89% of the company’s common stock. Price to book ratio is 0.82 and price to sales ratio is 10.69.
According to a U.S. Securities and Exchange Commission filing, USAA Extended Market Index Fund has added its position in Summit Wireless Technologies Inc. (WISA) to 1,220 shares, mirroring a recent increase by 729.93%. USAA Extended Market Index Fund added 1073.0 shares of Summit Wireless Technologies Inc. common stock bringing its total worth to about $2745.0 at the end of recent close, SEC documents show. USAA Extended Market Index Fund isn’t the only investment manager who changed stakes and is followed by Vanguard Extended Market Index Fu, which sold off 0.0 shares to end up with 288 shares worth $648.0.