Wearable Devices Ltd (NASDAQ:WLDS) traded at $0.58 at close of the session on Monday, March 18, made an upward move of 26.35% on its previous day’s price.
Looking at the stock we see that its previous close was $0.46 . In terms of its 52-week price range, WLDS has a high of $2.56 and a low of $0.26. The company’s stock has gained about 32.09% over that past 30 days.
Wearable Devices Ltd has a market cap of $9.26 million.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the WLDS stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of 50% Sell.
Looking further, we note the current price level is 27.85% off its SMA20 and 37.31% from its 50-day simple moving average. The RSI (14) is pointing at 71.11 while the volatility over the past week is 15.19% and jumps to 11.29% over the past one month. The beta value is 2.10, while the average true range (ATR) is currently pointing at 0.06.
Coming back to Wearable Devices Ltd (NASDAQ:WLDS), we note that the average 3-month trading volume was 693.15K, while that of the preceding 10-day period stands at 3.65 million. Current shares outstanding are 20.39 million.
The insiders hold 22.07% of the company’s shares while institutions hold 0.17%. The data shows that short shares as of Feb 29, 2024, stood at 0.71 million at a short ratio of 0.84. This represents a 3.49% short interest in shares outstanding on Feb 29, 2024. Shares short rose in February from the previous month at 0.38 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 68.95% up in year-to-date price movement.
