The closing price of WiSA Technologies Inc (NASDAQ: WISA) was $0.04 for the day, up 1.25% from the previous closing price of $0.04. In other words, the price has increased by $+0.0005 from its previous closing price. On the day, 34393148 shares were traded. WISA stock price reached its highest trading level at $0.0454 during the session, while it also had its lowest trading level at $0.0391.
Ratios:
Our analysis of WISA’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 18 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. The insider now owns 48,931 shares after completing the transaction at $0.13 per share. On Nov 28, 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 2.34M and an Enterprise Value of 3.39M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.92 while its Price-to-Book (P/B) ratio in mrq is 0.30. Its current Enterprise Value per Revenue stands at 1.31 whereas that against EBITDA is -0.24.
Stock Price History:
Over the past 52 weeks, WISA has reached a high of $5.20, while it has fallen to a 52-week low of $0.04. The 50-Day Moving Average of the stock is 0.0890, while the 200-Day Moving Average is calculated to be 0.6086.
Shares Statistics:
WISA traded an average of 7.51M shares per day over the past three months and 15.12M shares per day over the past ten days. 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 Feb 15, 2024 were 1.81M with a Short Ratio of 0.24, compared to 549.9k on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.11% and a Short% of Float of 3.12%.
Earnings Estimates
The firm’s stock currently is rated by 2 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
It is expected that $90B in revenue will be generated in the current quarter, according to 2 analysts. 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.
