WiSA Applied sciences, Inc. (NASDAQ:WISA – Get Ranking) was the recipient of a big decline briefly curiosity in August. As of August fifteenth, there was quick curiosity totalling 87,700 shares, a decline of twenty-two.7% from the July thirty first whole of 113,500 shares. Primarily based on a mean each day quantity of 99,200 shares, the short-interest ratio is presently 0.9 days.
Analyst Upgrades and Downgrades
WISA has been the subject of a number of latest analyst experiences. HC Wainwright lower their goal value on shares of WiSA Applied sciences from $5.50 to $2.00 and set a “purchase” score on the inventory in a analysis word on Tuesday, August sixteenth. Maxim Group reissued a “purchase” score and set a $3.00 value goal on shares of WiSA Applied sciences in a analysis report on Friday, Could thirteenth. Lastly, Ascendiant Capital Markets decreased their value goal on WiSA Applied sciences to $4.50 in a analysis report on Tuesday, August twenty third.
WiSA Applied sciences Inventory Down 3.8 %
Shares of NASDAQ:WISA opened at $0.65 on Friday. The agency has a fifty day shifting common of $0.66 and a two-hundred day shifting common of $0.91. WiSA Applied sciences has a 12-month low of $0.55 and a 12-month excessive of $3.42. The agency has a market capitalization of $11.00 million, a P/E ratio of -0.75 and a beta of -0.01.
WiSA Applied sciences (NASDAQ:WISA – Get Ranking) final launched its quarterly earnings knowledge on Monday, August fifteenth. The corporate reported ($0.27) earnings per share (EPS) for the quarter, lacking analysts’ consensus estimates of ($0.24) by ($0.03). WiSA Applied sciences had a adverse web margin of 247.08% and a adverse return on fairness of 91.04%. Throughout the identical interval final yr, the agency posted ($0.42) EPS. Equities analysis analysts anticipate that WiSA Applied sciences will submit -1.01 earnings per share for the present fiscal yr.
Institutional Buyers Weigh In On WiSA Applied sciences
A hedge fund not too long ago raised its stake in WiSA Applied sciences inventory. B. Riley Wealth Administration Inc. boosted its holdings in shares of WiSA Applied sciences, Inc. (NASDAQ:WISA – Get Ranking) by 100.0% throughout the 4th quarter, based on its most up-to-date disclosure with the Securities and Alternate Fee (SEC). The fund owned 29,000 shares of the corporate’s inventory after shopping for an extra 14,500 shares throughout the quarter. B. Riley Wealth Administration Inc. owned about 0.18% of WiSA Applied sciences price $40,000 on the finish of the newest quarter. Institutional traders personal 19.82% of the corporate’s inventory.
WiSA Applied sciences Firm Profile
WiSA Applied sciences, Inc develops, manufactures, and sells audio wi-fi know-how for good gadgets and next-generation residence leisure techniques underneath the WiSA model identify in america, Taiwan, China, Japan, and Korea. It delivers immersive audio experiences for high-definition content material, together with films, video, music, sports activities, gaming/esports, and others.
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