The stock of WiSA Technologies Inc (NASDAQ:WISA) last traded at $0.02, up 7.62% from the previous session.
WISA stock price is now -59.43% away from the 50-day moving average and -95.39% away from the 200-day moving average. The market capitalization of the company currently stands at $1.32M.
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 $1490.18. 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 $978.62. 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 $0.02 and a high of $2.68. 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 $0.0560 and a two-hundred day moving average price translates $0.4900 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.
