After finishing at $0.02 in the prior trading day, WiSA Technologies Inc (NASDAQ: WISA) closed at $0.02, down -0.94%. In other words, the price has decreased by -$0.0002 from its previous closing price. On the day, 33743377 shares were traded.
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 0.36 and its Current Ratio is at 1.20. In the meantime, Its Debt-to-Equity ratio is 1.42 whereas as Long-Term Debt/Eq ratio is at 0.72.
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 1.22M and an Enterprise Value of 2.28M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.47 while its Price-to-Book (P/B) ratio in mrq is 0.16. Its current Enterprise Value per Revenue stands at 0.88 whereas that against EBITDA is -0.16.
Stock Price History:
Over the past 52 weeks, WISA has reached a high of $2.77, while it has fallen to a 52-week low of $0.02. The 50-Day Moving Average of the stock is 0.0560, while the 200-Day Moving Average is calculated to be 0.4900.
Shares Statistics:
The stock has traded on average 19.13M shares per day over the past 3-months and 32.04M shares per day over the last 10 days, according to various share statistics. A total of 58.30M shares are outstanding, with a floating share count of 52.27M. Insiders hold about 10.34% of the company’s shares, while institutions hold 0.34% stake in the company. Shares short for WISA as of Mar 15, 2024 were 5.94M with a Short Ratio of 0.31, compared to 1.81M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 10.19% and a Short% of Float of 10.22%.
Earnings Estimates
Its stock is currently analyzed by 2 different market analysts. On average, analysts expect EPS of -$0.48 for the current quarter, with a high estimate of -$0.22 and a low estimate of -$0.74, while EPS last year was -$10.57. The consensus estimate for the next quarter is -$0.19, with high estimates of -$0.19 and low estimates of -$0.19.
Analysts are recommending an EPS of between -$2.16 and -$3.62 for the fiscal current year, implying an average EPS of -$2.89. EPS for the following year is -$1.41, with 2 analysts recommending between -$0.75 and -$2.07.
Revenue Estimates
2 analysts predict $750k in revenue for the current quarter. It ranges from a high estimate of $900k to a low estimate of $600k. As of the current estimate, WiSA Technologies Inc’s year-ago sales were $916k, an estimated decrease of -18.10% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $650k, an increase of 38.60% over than the figure of -$18.10% in the same quarter last year. There is a high estimate of $800k 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 $2.6M, while the lowest revenue estimate was $2.3M, resulting in an average revenue estimate of $2.45M. In the same quarter a year ago, actual revenue was $3.37M, down -27.20% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $5.75M in the next fiscal year. The high estimate is $6M and the low estimate is $5.5M. The average revenue growth estimate for next year is up 134.70% from the average revenue estimate for this year.
