Wearable Devices Ltd (NASDAQ: WLDS) is -95.97% lower on its value in year-to-date trading and has touched a low of $1.20 and a high of $50.40 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 WLDS stock was last observed hovering at around $1.60 in the last trading session, with the day’s loss setting it -0.37%.
Currently trading at $1.23M, the stock is -3.66% and -6.03% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.02 million and changing 2024137% at the moment leaves the stock -77.99% off its SMA200. WLDS registered -82.34% loss for a year compared to 6-month loss of -78.12%. The firm has a 50-day simple moving average (SMA 50) of $1.6388 and a 200-day simple moving average (SMA200) of $6.997285.
The stock witnessed a 0.00% gain in the last 1 month and extending the period to 3 months gives it a -29.03%, and is -4.94% 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 14.81% over the week and 6.42% over the month.
Wearable Devices Ltd (WLDS) has around 34 employees, a market worth around $1.58M and $0.52M in sales. Profit margin for the company is -1509.39%. Distance from 52-week low is 28.87% and -96.94% from its 52-week high. The company has generated returns on investments over the last 12 months (-203.01%).
3.0 institutions hold shares in Wearable Devices Ltd (WLDS), with institutional investors hold 4.84% of the company’s shares. The shares outstanding are 1.03M, and float is at 0.96M with Short Float at 22.96%. Institutions hold 4.57% of the Float.
The top institutional shareholder in the company is CITADEL ADVISORS LLC with over 0.18 million shares valued at $0.1 million. The investor’s holdings represent 1.1115 of the WLDS Shares outstanding. As of 2024-06-30, the second largest holder is SUSQUEHANNA INTERNATIONAL GROUP, LLP with 83447.0 shares valued at $48091.0 to account for 0.5151 of the shares outstanding. The other top investors are UBS GROUP AG which holds 61613.0 shares representing 0.3803 and valued at over $35489.0, while GOLDMAN SACHS GROUP INC holds 0.1682 of the shares totaling 27245.0 with a market value of $15701.0.
