WiSA Technologies Inc (NASDAQ:WISA) does about 26.31M shares in volume on a normal day but saw 78634484 shares change hands in Monday trading. The company now has a market cap of 5.80M USD. Its current market price is $0.02, marking an increase of 5.00% compared to the previous close of $0.02. The 52 week high reached by this stock is $2.68 whilst the lowest price level in 52 weeks is $0.02.
WiSA Technologies Inc (WISA) has a 20-day trading average at $0.0261 and the current price is -99.14% off the 52-week high compared with 13.24% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.0465 and its 200-day simple moving average is $0.4455. If we look at the stock’s price movements over the week, volatility stands at 15.11%, which decreases to 12.57% 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 32.05 to suggest the stock is neutral.
The consensus objective for the share price is $2.00, suggesting that the stock has a potential upside of 99.0% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on December 14, 2020 when H.C. Wainwright initiated the stock to “Buy” and issued a price target of $3.50.
WiSA Technologies Inc (WISA) stock is up 2.21% over the week and -31.04% over the past month. Its price is -80.24% year-to-date and -98.38% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2023, with the company’s earnings per share (EPS) of -$0.22 above consensus estimates by $0.26. In addition, estimates put the company’s current quarterly revenue at an average of $650k.
To reach the target analysts have set, the stock logically needs to grow 99.0 percent from here.
Outstanding shares total 250.94M with insiders holding 10.39% of the shares and institutional holders owning 0.34% of the company’s common stock. The company has a return on equity of -508.19%. The beta has a value of -0.02. Price to sales ratio is 2.79.
