The stock of WiSA Technologies Inc (NASDAQ:WISA) last traded at $0.03, up 1.44% from the previous session.
WISA stock price is now -54.96% away from the 50-day moving average and -94.52% away from the 200-day moving average. The market capitalization of the company currently stands at $1.64M.
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 80 shares of the company’s stock on Dec 18 ’23. The stock was sold for $10 at an average price of $0.13. Upon completion of the transaction, the insider now directly owns 74,509 shares in the company, valued at $2235.27. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 18 ’23, WILLIAMS GARY sold 16 shares of the business’s stock. A total of $2 was realized by selling the stock at an average price of $0.13. This leaves the insider owning 48,931 shares of the company worth $1467.93. A total of 10.34% of the company’s stock is owned by insiders.
During the past 12 months, WiSA Technologies Inc has had a low of $0.03 and a high of $4.36. As of last week, the company has a debt-to-equity ratio of 1.42, a current ratio of 1.20, and a quick ratio of 0.36. The fifty day moving average price for WISA is $0.0630 and a two-hundred day moving average price translates $0.5147 for the stock.
The latest earnings results from WiSA Technologies Inc (NASDAQ: WISA) was released for Sep, 2023. According to the Semiconductors Company, earnings per share came in at -$0.97, missing analysts’ expectations of -$0.84 by -0.13. This compares to -$30.85 EPS in the same period last year. The net profit margin was -614.50% and return on equity was -508.19% for WISA. The company reported revenue of $0.77 million for the quarter, compared to $0.94 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -17.93 percent. For the current quarter, analysts expect WISA to generate $750k in revenue.
WiSA Technologies Inc(WISA) Company Profile
WiSA Technologies, Inc. develops, manufactures, and sells audio wireless technology for smart devices and next-generation home entertainment systems in the United States and Europe. The company offers wireless modules. It serves primarily to consumer electronics companies. The company was formerly known as Summit Wireless Technologies, Inc. and changed its name to WiSA Technologies Inc. in March 2022. WiSA Technologies, Inc. was incorporated in 2010 and is headquartered in Beaverton, Oregon.
