The price of WiSA Technologies Inc (NASDAQ:WISA) shares last traded on Wall Street fell -0.82% to $0.18.
Based on available information, 2 analysts follow WiSA Technologies Inc (NASDAQ:WISA). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $7.00 and a low of $4.00, we find $5.50. Given the previous closing price of $0.18, this indicates a potential upside of 2955.56 percent. WISA stock price is now -72.25% away from the 50-day moving average and -93.15% away from the 200-day moving average. The market capitalization of the company currently stands at $1.20M.
Among analysts, 0 rate the stock a hold while 2 rate it a buy. Brokers who have rated the stock have averaged $5.50 as their price target over the next twelve months.
With the price target of $3.50, H.C. Wainwright recently initiated with Buy rating for WiSA Technologies Inc (NASDAQ: WISA).
In other news, MOYER BRETT, insider sold 8,335 shares of the company’s stock on Dec 16. The stock was sold for $884 at an average price of $0.11. Upon completion of the transaction, the insider now directly owns 574,189 shares in the company, valued at $0.1 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 16, Chief Financial Officer Oliva George sold 3,390 shares of the business’s stock. A total of $359 was realized by selling the stock at an average price of $0.11. This leaves the insider owning 261,651 shares of the company worth $47097.18. Insiders disposed of 95,623 shares of company stock worth roughly $17212.14 over the past 1 year. A total of 5.92% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WISA stock. A new stake in WiSA Technologies Inc shares was purchased by TWO SIGMA SECURITIES, LLC during the first quarter worth $3,000. VIRTU FINANCIAL LLC invested $2,000 in shares of WISA during the first quarter. In total, there are 16 active investors with 1.58% ownership of the company’s stock.
A candlestick chart of WiSA Technologies Inc (NASDAQ: WISA) showed a price of $0.2106 on Tuesday morning. During the past 12 months, WiSA Technologies Inc has had a low of $0.17 and a high of $60.00. As of last week, the company has a debt-to-equity ratio of 0.11, a current ratio of 4.26, and a quick ratio of 1.40. The fifty day moving average price for WISA is $0.6372 and a two-hundred day moving average price translates $2.6245 for the stock.
The latest earnings results from WiSA Technologies Inc (NASDAQ: WISA) was released for Jun, 2023. According to the Semiconductors Company, earnings per share came in at -$1.2, beating analysts’ expectations of -$1.62 by 0.42. This compares to -$27.34 EPS in the same period last year. The net profit margin was -523.70% and return on equity was -188.73% for WISA. The company reported revenue of $0.42 million for the quarter, compared to $0.95 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -55.07 percent. For the current quarter, analysts expect WISA to generate $550k in revenue.
