Look For Institutional Buying In WiSA Technologies Inc (NASDAQ: WISA)

WiSA Technologies Inc (WISA) concluded trading on Wednesday at a closing price of $1.30, with 37.99 million shares of worth about $49.38 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -23.53% during that period and on February 12, 2025 the price saw a gain of about 14.04%. Currently the company’s common shares owned by public are about 52.03M shares, out of which, 35.34M shares are available for trading.

Stock saw a price change of 0.00% in past 5 days and over the past one month there was a price change of -22.62%. Year-to-date (YTD), WISA shares are showing a performance of -36.59% which decreased to -89.08% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.11 but also hit the highest price of $10.95 during that period. The average intraday trading volume for WiSA Technologies Inc shares is 982.54K. The stock is currently trading -3.95% below its 20-day simple moving average (SMA20), while that difference is down -21.02% for SMA50 and it goes to -38.90% lower than SMA200.

WiSA Technologies Inc (NASDAQ: WISA) currently have 52.03M outstanding shares and institutions hold larger chunk of about 0.98% of that.

The stock has a current market capitalization of $67.65M and its 3Y-monthly beta is at -0.60. It has posted earnings per share of -$75.85 in the same period. It has Quick Ratio of 1.66 while making debt-to-equity ratio of 0.16. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for WISA, volatility over the week remained 13.47% while standing at 9.89% over the month.

Stock’s fiscal year EPS is expected to rise by 96.79% while it is estimated to increase by 92.09% in next year. EPS is likely to grow at an annualized rate of 92.04% for next 5-years, compared to annual growth of 82.60% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by H.C. Wainwright on December 14, 2020 offering a Buy rating for the stock and assigned a target price of $3.50 to it.

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