Wearable Devices Ltd (WLDS): Uncovering A True Diamond In The Rough

Wearable Devices Ltd (NASDAQ:WLDS) currently has a daily average trading volume of 831.12K but it saw 1104498 shares traded in last market. With a market cap of 1.80M USD, the company’s current market price of $1.75 came falling about -2.78 while comparing to the previous closing price of $1.80. In past 52 weeks, the stock remained buoying in the range of price level as high as $54.40 and as low as $1.20. In the recent trading on the day, stock has struck highest price mark of $1.62 while lowest mark touched by it was $1.8.

Taking a look at 20-day trading activity of Wearable Devices Ltd (WLDS) gives us an average price of $1.9618, while its current price level is -96.78% below from 52-week high level whereas it is 46.44% 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 $2.3401 while that of 200 days or SMA-200 reads an average of $12.7196. A closer look into the stock’s movement over the week reveals that its volatility is standing at 32.38% during that period while stretching the period over a month that decreases to 21.08%. 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 44.96 which implies that the stock is in neutral territory.

Over the week, WLDS’s stock price is moving -12.06% down while it is -6.42% when we observe its performance for the past one month. Year-to-date it is -79.93% down and over the past year, the stock is showing a downside performance of -94.06%.

The company is expected to be releasing its next quarterly report in June, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, Wearable Devices Ltd’s total number of outstanding shares is 1.03M with 5.58% of that held by the insiders while 6.54% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -203.01% and return on equity (ROE) at -167.89%. Stock’s beta reads 2.57. Stock has a price to book (P/B) ratio of 0.32 while price to sale or P/S ratio amounts to 3.46. Its return on asset (ROA) is -116.14% on average.