Wearable Devices Ltd (NASDAQ: WLDS) Trading under Its 20 Day MA ($0.2703), Why Showing An Interesting Price Pattern?

Wearable Devices Ltd (NASDAQ:WLDS) does about 690.42K shares in volume on a normal day but saw 1769191 shares change hands in the recent trading day. The company now has a market cap of 5.25M USD. Its current market price is $0.22, marking a decrease of -9.02% compared to the previous close of $0.24. The 52 week high reached by this stock is $1.13 whilst the lowest price level in 52 weeks is $0.22.

Wearable Devices Ltd (WLDS) has a 20-day trading average at $0.2703 and the current price is -80.69% off the 52-week high compared with 1.16% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.3349 and its 200-day simple moving average is $0.4106. If we look at the stock’s price movements over the week, volatility stands at 7.63%, which increases to 7.84% 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 30.39 to suggest the stock is neutral.

The current price level is -20.82%, -35.70%, and -46.97% away from its SMA20, SMA50, and SMA200 respectively, with the WLDS price moving above the 50-day SMA on current market day. Wearable Devices Ltd (WLDS) stock is down -5.99% over the week and -33.92% over the past month. Its price is -36.63% year-to-date and -71.69% over the past year.

The company has a return on investment of -441.98% and return on equity of -174.12%. The beta has a value of 2.64. Price to book ratio is 2.69 and price to sales ratio is 11.42.