The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
After finishing at $4.32 in the prior trading day, WiSA Technologies Inc (NASDAQ: WISA) closed at $5.39, up 24.77%. In other words, the price has increased by $24.77 from its previous closing price. On the day, 8.82 million shares were traded. WISA stock price reached its highest trading level at $6.08 during the session, while it also had its lowest trading level at $3.89.
Ratios:
Our goal is to gain a better understanding of WISA by taking a closer 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 10718230 and an Enterprise Value of 7699131. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.56. Its current Enterprise Value per Revenue stands at 3.696 whereas that against EBITDA is -0.36.
Stock Price History:
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 4.99%, while the 200-Day Moving Average is calculated to be -90.64%.
Shares Statistics:
The stock has traded on average 5.36M shares per day over the past 3-months and 33444653 shares per day over the last 10 days, according to various share statistics. A total of 1.76M shares are outstanding, with a floating share count of 1.59M. Insiders hold about 10.07% of the company’s shares, while institutions hold 0.07% stake in the company. Shares short for WISA as of 1711584000 were 27578 with a Short Ratio of 0.01, compared to 1709164800 on 5117. Therefore, it implies a Short% of Shares Outstanding of 27578 and a Short% of Float of 1.6500000000000001.
