Summit Wireless Technologies Inc. (WISA) picks momentum as shares rise 0.44%

Summit Wireless Technologies Inc. (NASDAQ: WISA) is -81.39% lower on its value in year-to-date trading and has touched a low of $2.12 and a high of $26.60 in the current 52-week trading range. The WISA stock was last observed hovering at around $2.27 in the recent trading session, with the current gains setting it 0.07% off its average median price target of $14.50 for the next 12 months. It is also 84.4% off the consensus price target high of $15.00 offered by 1 analysts, but current levels are 83.29% higher than the price target low of $14.00 for the same period.

The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.


At last check, trading at $2.34, the stock is 3.11% and -0.60% below its SMA20 and SMA50 respectively. However, with a current trading volume of 0.6 million and changing 2.86% at the moment leaves the stock -73.40% off its SMA200. WISA registered -90.38% loss for a year compared to 6-month loss of -81.78%. The firm has a 50-day simple moving average (SMA 50) of $2.3412 and a 200-day simple moving average (SMA200) of $5.4801.

The stock witnessed a -5.42% gain in the last 1 month and extending the period to 3 months gives it a -51.70%, and is 0.44% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.78% over the week and 5.89% over the month.

Summit Wireless Technologies Inc. (WISA) has around 38 employees, a market worth around $17.59M and $1.60M in sales. Distance from 52-week low is 10.14% and -91.22% from its 52-week high.

Summit Wireless Technologies Inc. (WISA) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Summit Wireless Technologies Inc. (WISA) is a “Buy”. 1 analysts offering their recommendations for the stock, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Summit Wireless Technologies Inc. is expected to release its quarterly report on 08/12/2020 and quarterly earnings per share for the current quarter are estimated at -$0.4 with sales reaching $210k over the same period.The EPS is expected to grow by 85.30% this year, but quarterly earnings will post 26.10% year-over-year. Quarterly sales are estimated to shrink -40.30% in year-over-year returns.

Summit Wireless Technologies Inc. (WISA) Top Institutional Holders

15 institutions hold shares in Summit Wireless Technologies Inc. (WISA), with 1.47M shares held by insiders accounting for 43.27% while institutional investors hold 40.36% of the company’s shares. The shares outstanding are 7.71M, and float is at 3.22M with Short Float at 1.24%. Institutions hold 22.89% of the Float.

Summit Wireless Technologies Inc. (WISA) Insider Activity

A total of 0 insider transactions have happened at Summit Wireless Technologies Inc. (WISA) in the last six months, with sales accounting for 0 and purchases happening 0 times.

Get The Best Stocks To Trade Every Day!

Join now to get the pre-market morning brief 100% free