The price of WiSA Technologies Inc (NASDAQ:WISA) shares last traded on Wall Street fell -16.34% to $2.56.
WISA stock price is now 17.80% away from the 50-day moving average and -66.11% away from the 200-day moving average. The market capitalization of the company currently stands at $14.39M.
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With the price target of $3.50, H.C. Wainwright recently initiated with Buy rating for WiSA Technologies Inc (NASDAQ: WISA).
In other news, WILLIAMS GARY, insider sold 16 shares of the company’s stock on Dec 18 ’23. The stock was sold for $2 at an average price of $0.13. Upon completion of the transaction, the insider now directly owns 48,931 shares in the company, valued at $0.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 18 ’23, MOYER BRETT sold 80 shares of the business’s stock. A total of $10 was realized by selling the stock at an average price of $0.13. This leaves the insider owning 74,509 shares of the company worth $0.19 million. A total of 12.00% of the company’s stock is owned by insiders.
During the past 12 months, WiSA Technologies Inc has had a low of $1.15 and a high of $124.50. As of last week, the company has a debt-to-equity ratio of 0.10, a current ratio of 2.79, and a quick ratio of 2.14. The fifty day moving average price for WISA is $2.1734 and a two-hundred day moving average price translates $7.57535 for the stock.
The latest earnings results from WiSA Technologies Inc (NASDAQ: WISA) was released for 2024-06-30. The net profit margin was -3612.86% and return on equity was -853.18% for WISA. The company reported revenue of $0.34 million for the quarter, compared to $0.42 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -18.82 percent.
