WiSA Technologies Inc (NASDAQ:WISA) shares, rose in value, with the stock price up by 1.98% to the previous day’s close as strong demand from buyers drove the stock to $6.17.
Actively observing the price movement in the last trading, the stock closed the session at $6.05. Referring to stock’s 52-week performance, its high was $402.00, and the low was $1.66. On the whole, WISA has fluctuated by 82.81% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 5.75M, with a low estimate of 500k and a high estimate of 800k. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 650k.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that WISA’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of WISA currently trading nearly 48.43% and 24.04% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.16, while the 7-day volatility ratio is showing 40.85% which for the 30-day chart, stands at 35.67%. Furthermore, WiSA Technologies Inc (WISA)’s beta value is -0.28, and its average true range (ATR) is 1.61.
A comparison of WiSA Technologies Inc (WISA) with its peers suggests the former has fared considerably weaker in the market. WISA showed an intraday change of 1.98% in last session, and over the past year, it shrunk by -96.48%%.
Data on historical trading for WiSA Technologies Inc (NASDAQ:WISA) indicates that the trading volumes over the past 3 months, they’ve averaged 5.63 million. According to company’s latest data on outstanding shares, there are 1.99 million shares outstanding.
Nearly 10.07% of WiSA Technologies Inc’s shares belong to company insiders and institutional investors own 0.07% of the company’s shares. The stock has fallen by -64.81% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WISA stock heading into the next quarter.
