A new trading day began on November 20, 2023, with WiSA Technologies Inc (NASDAQ: WISA) stock priced at $0.13, up 3.07% from the previous day of trading. During the day, the shares moved up to $0.139 and dropped to $0.1295 before settling in for the closing price of $0.13. WISA’s price has ranged from $0.13 to $30.85 over the past 52 weeks.
A company in the Technology sector has jumped its sales by 42.51% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 96.24%. With a float of $16.69 million, this company’s outstanding shares have now reached $17.74 million.
In an organization with 49 employees, it is important to assess its efficiency. In terms of profitability, gross margin is +11.74, operating margin of -536.23, and the pretax margin is -479.91.
WiSA Technologies Inc (WISA) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Semiconductors Industry. The insider ownership of WiSA Technologies Inc is 5.92%, while institutional ownership is 0.93%. The most recent insider transaction that took place on Dec 16, was worth 884. In this transaction an insider of this company sold 8,335 shares at a rate of $0.11, taking the stock ownership to the 574,189 shares. Before that another transaction happened on Dec 16, when Company’s Chief Financial Officer sold 3,390 for $0.11, making the entire transaction worth $359. This insider now owns 261,651 shares in total.
WiSA Technologies Inc (WISA) Latest Financial update
In its latest quarterly report, released on 9/29/2023, the company reported earnings of -$0.97 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of -479.97 while generating a return on equity of -224.62. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.52 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 96.24% per share during the next fiscal year.
WiSA Technologies Inc (NASDAQ: WISA) Trading Performance Indicators
Here are WiSA Technologies Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.36. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.95.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -7.60, a number that is poised to hit -0.66 in the next quarter and is forecasted to reach -1.97 in one year’s time.
Technical Analysis of WiSA Technologies Inc (WISA)
Let’s dig in a bit further. During the last 5-days, its volume was 2.61 million. That was better than the volume of 1.57 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 7.90%. Additionally, its Average True Range was 0.03.
During the past 100 days, WiSA Technologies Inc’s (WISA) raw stochastic average was set at 0.71%, which indicates a significant decrease from 10.46% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 142.36% in the past 14 days, which was higher than the 112.82% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.3581, while its 200-day Moving Average is $1.5873. However, in the short run, WiSA Technologies Inc’s stock first resistance to watch stands at $0.1412. Second resistance stands at $0.1448. The third major resistance level sits at $0.1507. If the price goes on to break the first support level at $0.1317, it is likely to go to the next support level at $0.1258. The third support level lies at $0.1222 if the price breaches the second support level.
WiSA Technologies Inc (NASDAQ: WISA) Key Stats
With a market capitalization of 2.44 million, the company has a total of 6,580K Shares Outstanding. Currently, annual sales are 3,370 K while annual income is -16,150 K. The company’s previous quarter sales were 430 K while its latest quarter income was -5,330 K.