WiSA Technologies Inc (NASDAQ:WISA) traded at $5.09 at close of the session on Monday, April 29, made a downward move of -3.96% on its previous day’s price.
Looking at the stock we see that its previous close was $5.30. In terms of its 52-week price range, WISA has a high of $402.00 and a low of $1.66. The company’s stock has gained about 61.59% over that past 30 days.
WiSA Technologies Inc has a market cap of $11.96 million. Estimates by analysts give the company expected earnings per share (EPS) of -$28.5, with the EPS growth for the year raised at -$211.5 for 2024 and $0 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $650k, with a low of $500k and a high of $800k. The median projection represents growth squeezing down to 38.60% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $5.75 million, or 176.00% up from figures reported last year.
On the other hand, looking at the outlook for the WISA stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is 15.32% off its SMA20 and 3.82% from its 50-day simple moving average. The RSI (14) is pointing at 50.38 while the volatility over the past week is 32.74% and jumps to 36.93% over the past one month. The beta value is -0.19, while the average true range (ATR) is currently pointing at 1.57.
Coming back to WiSA Technologies Inc (NASDAQ:WISA), we note that the average 3-month trading volume was 5.88 million. Current shares outstanding are 2.35 million.
The insiders hold 10.07% of the company’s shares while institutions hold 0.06%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -70.97% down in year-to-date price movement.
