Things appear to be looking up for Wearable Devices Ltd (WLDS)

Wearable Devices Ltd (NASDAQ: WLDS) is 19.16% higher on its value in year-to-date trading and has touched a low of $0.26 and a high of $2.56 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WLDS stock was last observed hovering at around $0.43 in the last trading session, with the day’s loss setting it -0.02%.

Currently trading at $0.41, the stock is 5.50% and 9.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.23 million and changing -4.74% at the moment leaves the stock -52.77% off its SMA200. WLDS registered -54.96% loss for a year compared to 6-month loss of -62.05%. The firm has a 50-day simple moving average (SMA 50) of $30.10 and a 200-day simple moving average (SMA200) of -$0.10.

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The stock witnessed a -1.23% gain in the last 1 month and extending the period to 3 months gives it a -3.78%, and is -5.49% 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 15.86% over the week and 10.62% over the month.

Profit margin for the company is -28762.07%. Distance from 52-week low is 55.86% and -83.99% from its 52-week high. The company has generated returns on investments over the last 12 months (-106.35%).

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Wearable Devices Ltd (WLDS) Top Institutional Holders

8 institutions hold shares in Wearable Devices Ltd (WLDS), with institutional investors hold 3.46% of the company’s shares. The shares outstanding are 15.05M, and float is at 12.42M with Short Float at 3.06%. Institutions hold 2.09% of the Float.

The top institutional shareholder in the company is Goldman Sachs Group Inc with over 27245.0 shares valued at $38960.0. The investor’s holdings represent 0.17% of the WLDS Shares outstanding. As of Jun 29, 2023, the second largest holder is Two Sigma Securities, LLC with 13921.0 shares valued at $19907.0 to account for 0.09% of the shares outstanding.