WiSA Technologies Inc (WISA) – Don’t Believe the Hype: Check The Facts

WiSA Technologies Inc (NASDAQ: WISA) is -31.31% lower on its value in year-to-date trading and has touched a low of $0.08 and a high of $7.73 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The WISA stock was last observed hovering at around $0.08 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $0.08, the stock is -18.89% and -31.03% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.66 million and changing 0.00% at the moment leaves the stock -88.57% off its SMA200. WISA registered -98.87% loss for a year compared to 6-month loss of -93.14%. The firm has a 50-day simple moving average (SMA 50) of $1.48 and a 200-day simple moving average (SMA200) of -$0.27.

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The stock witnessed a -28.62% gain in the last 1 month and extending the period to 3 months gives it a -43.65%, and is -10.38% down 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 7.59% over the week and 7.96% over the month.

WiSA Technologies Inc (WISA) has around 49 employees, a market worth around $2.78M and $2.58M in sales. Profit margin for the company is -614.50%. Distance from 52-week low is 0.25% and -98.96% from its 52-week high. The company has generated returns on investments over the last 12 months (-1042.63%).

WiSA Technologies Inc quarterly earnings per share for the current quarter are estimated at -$0.48 with sales reaching $750k over the same period.The EPS is expected to grow by 96.74% this year, but quarterly earnings will post -27.20% year-over-year. Quarterly sales are estimated to shrink -18.10% in year-over-year returns.

16 institutions hold shares in WiSA Technologies Inc (WISA), with institutional investors hold 0.67% of the company’s shares. The shares outstanding are 34.56M, and float is at 33.82M with Short Float at 1.63%. Institutions hold 0.67% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 45882.0 shares valued at $58270.0. The investor’s holdings represent 0.70% of the WISA Shares outstanding. As of Jun 29, 2023, the second largest holder is Ingalls & Snyder with 20700.0 shares valued at $26289.0 to account for 0.31% of the shares outstanding. The other top investors are Two Sigma Securities, LLC which holds 16489.0 shares representing 0.25% and valued at over $20941.0, while Virtu Financial LLC holds 0.18% of the shares totaling 11788.0 with a market value of $14970.0.

WiSA Technologies Inc (WISA) Insider Activity

A total of 0 insider transactions have happened at WiSA Technologies Inc (WISA) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by MOYER BRETT, the company’s. SEC filings show that MOYER BRETT sold 80 shares of the company’s common stock on Dec 18 at a price of $0.13 per share for a total of $10.0. Following the sale, the insider now owns 74509.0 shares.

WiSA Technologies Inc disclosed in a document filed with the SEC on Dec 18 that WILLIAMS GARY () sold a total of 16 shares of the company’s common stock. The trade occurred on Dec 18 and was made at $0.13 per share for $2.0. Following the transaction, the insider now directly holds 48931.0 shares of the WISA stock.

Still, SEC filings show that on Nov 28, MOYER BRETT () disposed off 6,159 shares at an average price of $0.12 for $770.0. The insider now directly holds 74,589 shares of WiSA Technologies Inc (WISA).