WiSA Technologies Inc (NASDAQ:WISA) currently has a daily average trading volume of 20.68M but it saw 82466830 shares traded in last market. With a market cap of 6.10M USD, the company’s current market price of $0.02 came rising about 10.96 while comparing to the previous closing price of $0.02. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.68 and as low as $0.02.
Taking a look at 20-day trading activity of WiSA Technologies Inc (WISA) gives us an average price of $0.0278, while its current price level is -99.09% below from 52-week high level whereas it is 19.12% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.0508 while that of 200 days or SMA-200 reads an average of $0.4668. A closer look into the stock’s movement over the week reveals that its volatility is standing at 12.42% during that period while stretching the period over a month that increases to 14.27%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 31.72 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the H.C. Wainwright which initiated the stock as “Buy” in its note to investors issued on December 14, 2020, recommending a price target of $3.50 for it.
Over the week, WISA’s stock price is moving 8.00% up while it is -40.15% when we observe its performance for the past one month. Year-to-date it is -79.21% down and over the past year, the stock is showing a downside performance of -98.46%.
The latest quarterly earnings report issued by the company was for quarter ended 9/29/2023, when its quarterly earnings per share (EPS) of -$0.97 beaten by the consensus estimate of -$0.84 for the same. For WISA, analysts are forecasting an EPS-growth rate of 96.50% for current year and estimate for EPS growth in next year is 51.20%. In next quarter, company is expected to be making quarterly sales of $650k as analysts are expecting the sales for current fiscal year at $2.45 million and seeing the company making $5.75 million in sales next year. Moreover, analysts are in estimates of $750k for current-quarter revenue.
Currently, WiSA Technologies Inc’s total number of outstanding shares is 250.94M with 10.39% of that held by the insiders while 0.34% of its common stock has been owned by the institutions. Company’s return on equity (ROE) at -508.19%. Stock’s beta reads -0.02. Stock has a price to sale or P/S ratio amounts to 2.93. Its return on asset (ROA) is -230.06% on average.
