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WiSA Technologies Inc (WISA) Analysis & Forecast for 2024

WiSA Technologies Inc (NASDAQ: WISA) is -83.40% lower on its value in year-to-date trading and has touched a low of $1.66 and a high of $306.00 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 $2.64 in the last trading session, with the day’s gains setting it 0.27%.

Currently trading at $2.91, the stock is 7.76% and -21.55% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.38 million and changing 10.23% at the moment leaves the stock -89.58% off its SMA200. WISA registered -98.50% loss for a year compared to 6-month loss of -85.97%.

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The stock witnessed a -4.28% gain in the last 1 month and extending the period to 3 months gives it a -38.22%, and is 44.06% 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 27.10% over the week and 20.96% over the month.

WiSA Technologies Inc (WISA) has around 46 employees, a market worth around $13.59M and $1.87M in sales. Profit margin for the company is -1460.41%. Distance from 52-week low is 75.29% and -99.05% from its 52-week high.

with sales reaching $350k over the same period.The EPS is expected to grow by 99.23% this year, but quarterly earnings will post 24.80% year-over-year. Quarterly sales are estimated to shrink -17.60% in year-over-year returns.

WiSA Technologies Inc (WISA) Top Institutional Holders

The shares outstanding are 4.67M, and float is at 4.32M with Short Float at 17.06%.

WiSA Technologies Inc (WISA) Insider Activity

The most recent transaction is an insider sale by MOYER BRETT. SEC filings show that MOYER BRETT sold 80 shares of the company’s common stock on Dec 18 ’23 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 ’23 that WILLIAMS GARYsold a total of 16 shares of the company’s common stock. The trade occurred on Dec 18 ’23 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 ’23, 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).

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