Does Wearable Devices Ltd (NASDAQ:WLDS) warrant a purchase right now? What to Consider Before Making a Decision

Wearable Devices Ltd (NASDAQ:WLDS) shares traded 0.66% higher at $0.44 on Wall Street last session.

WLDS stock price is now 9.43% away from the 50-day moving average and -12.52% away from the 200-day moving average. The market capitalization of the company currently stands at $7.01M.

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A total of 22.07% of the company’s stock is owned by insiders.

During the past 12 months, Wearable Devices Ltd has had a low of $0.26 and a high of $1.82. As of last week, the company has a debt-to-equity ratio of 0.10, a current ratio of 3.78, and a quick ratio of 3.20. The fifty day moving average price for WLDS is $0.40128 and a two-hundred day moving average price translates $0.499215 for the stock.

The latest earnings results from Wearable Devices Ltd (NASDAQ: WLDS) was released for 2023-12-31. The net profit margin was -9529.27% and return on equity was -100.79% for WLDS.

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