In yesterday’s Wall Street session, WiSA Technologies Inc (NASDAQ:WISA) shares traded at $2.28, up 10.68% from the previous session.
WISA stock price is now 27.28% away from the 50-day moving average and -10.13% away from the 200-day moving average. The market capitalization of the company currently stands at $18.95M.
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 6,553 shares of the company’s stock on Dec 23 ’24. The stock was sold for $11,698 at an average price of $1.79. Upon completion of the transaction, the insider now directly owns 243,295 shares in the company, valued at $0.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 23 ’24, See Remarks Mbugua Stanley sold 2,267 shares of the business’s stock. A total of $4,047 was realized by selling the stock at an average price of $1.79. This leaves the insider owning 67,733 shares of the company worth $0.15 million. A total of 23.41% of the company’s stock is owned by insiders.
During the past 12 months, WiSA Technologies Inc has had a low of $1.15 and a high of $18.75. As of last week, the company has a debt-to-equity ratio of 0.16, a current ratio of 2.26, and a quick ratio of 1.66. The fifty day moving average price for WISA is $1.7804 and a two-hundred day moving average price translates $2.5432 for the stock.
The latest earnings results from WiSA Technologies Inc (NASDAQ: WISA) was released for 2024-06-30. The net profit margin was -3004.93% and return on equity was -1985.06% for WISA. The company reported revenue of $1.17 million for the quarter, compared to $0.77 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 52.41 percent.
