WiSA Technologies Inc. (NASDAQ:WISA) marked $0.11 per share on Friday, up from a previous closing price of $0.11. While WiSA Technologies Inc. has overperformed by 1.51%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, WISA fell by -92.07%, with highs and lows ranging from $1.49 to $0.09, whereas the simple moving average fell by -83.55% in the last 200 days.
On December 14, 2020, H.C. Wainwright started tracking WiSA Technologies Inc. (NASDAQ: WISA) recommending Buy.
Analysis of WiSA Technologies Inc. (WISA)
Further, the quarter-over-quarter decrease in sales is -50.00%, showing a negative trend in the upcoming months.
In order to gain a clear picture of WiSA Technologies Inc.’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -142.70% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.00, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 8.76M can be a very valuable indicator of volatility for WISA stock. On a monthly basis, the volatility of the stock is set at 12.46%, whereas on a weekly basis, it is put at 11.37%, with a gain of 10.56% over the past seven days. Furthermore, long-term investors anticipate a median target price of $2.75, showing growth from the present price of $0.11, which can serve as yet another indication of whether WISA is worth investing in or should be passed over.
How Do You Analyze WiSA Technologies Inc. Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 5.50%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 14.00% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in WISA shares?
The recent increase in stakes in WISA appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc.’s position in WISA has decreased by -7.97% in the first quarter. The company now owns 347,500 shares of the stock, with a value of $39615.0, following the sale of -30,076 additional shares during the last quarter.
WISA shares are owned by institutional investors to the tune of 14.00% at present.