Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
WiSA Technologies Inc (NASDAQ: WISA) closed the day trading at $4.61 down -7.43% from the previous closing price of $4.98. In other words, the price has decreased by -$7.43 from its previous closing price. On the day, 0.73 million shares were traded. WISA stock price reached its highest trading level at $5.11 during the session, while it also had its lowest trading level at $4.4602.
Ratios:
For a better understanding of WISA, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.37 and its Current Ratio is at 1.12.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, H.C. Wainwright on December 14, 2020, initiated with a Buy rating and assigned the stock a target price of $3.50.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 18 ’23 when MOYER BRETT sold 80 shares for $0.13 per share. The transaction valued at 10 led to the insider holds 74,509 shares of the business.
WILLIAMS GARY sold 16 shares of WISA for $2 on Dec 18 ’23. The insider now owns 48,931 shares after completing the transaction at $0.13 per share. On Nov 28 ’23, another insider, MOYER BRETT, who serves as the insider of the company, sold 6,159 shares for $0.12 each. As a result, the insider received 770 and left with 74,589 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WISA now has a Market Capitalization of 12767027 and an Enterprise Value of 8184285. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.21. Its current Enterprise Value per Revenue stands at 3.929 whereas that against EBITDA is -0.383.
Stock Price History:
The Beta on a monthly basis for WISA is -0.33, which has changed by -0.97210085 over the last 52 weeks, in comparison to a change of 0.22379243 over the same period for the S&P500. Over the past 52 weeks, WISA has reached a high of $402.00, while it has fallen to a 52-week low of $1.66. The 50-Day Moving Average of the stock is -2.87%, while the 200-Day Moving Average is calculated to be -90.87%.
Shares Statistics:
Over the past 3-months, WISA traded about 6.06M shares per day on average, while over the past 10 days, WISA traded about 7794910 shares per day. A total of 2.35M shares are outstanding, with a floating share count of 2.11M. Insiders hold about 10.07% of the company’s shares, while institutions hold 0.06% stake in the company. Shares short for WISA as of 1713139200 were 195321 with a Short Ratio of 0.00, compared to 1710460800 on 39598. Therefore, it implies a Short% of Shares Outstanding of 195321 and a Short% of Float of 11.09.
Earnings Estimates
The company has 1.0 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$1.55 for the current quarter, with a high estimate of -$1.55 and a low estimate of -$1.55, while EPS last year was -$79.5. The consensus estimate for the next quarter is -$1.67, with high estimates of -$1.67 and low estimates of -$1.67.
Analysts are recommending an EPS of between -$6.46 and -$310.5 for the fiscal current year, implying an average EPS of -$158.48. EPS for the following year is -$6.48, with 1.0 analysts recommending between -$6.48 and -$6.48.
Revenue Estimates
2 analysts predict $550k in revenue for the current quarter. It ranges from a high estimate of $600k to a low estimate of $500k. As of the current estimate, WiSA Technologies Inc’s year-ago sales were $469kFor the next quarter, 2 analysts are estimating revenue of $550k. There is a high estimate of $600k for the next quarter, whereas the lowest estimate is $500k.
A total of 2 analysts have provided revenue estimates for WISA’s current fiscal year. The highest revenue estimate was $6M, while the lowest revenue estimate was $4M, resulting in an average revenue estimate of $5M. In the same quarter a year ago, actual revenue was $2.08MBased on 1 analysts’ estimates, the company’s revenue will be $6M in the next fiscal year. The high estimate is $6M and the low estimate is $6M.
