WiSA Technologies (WISA) Stock Price, News & Analysis

Company Overview

WiSA Technologies, Inc. develops, manufactures, and sells audio wireless technology for smart devices and next-generation home entertainment systems in the United States and Europe. The company offers wireless modules. It serves primarily to consumer electronics companies. The company was formerly known as Summit Wireless Technologies, Inc. and changed its name to WiSA Technologies Inc. in March 2022. WiSA Technologies, Inc. was incorporated in 2010 and is headquartered in Beaverton, Oregon.

Key Stats

• Today's Range: $1.75 to $1.92
• 50-Day Range: $1.57 to $2.15
• 52-Week Range: $1.15 to $38.10
• Volume: 279,152 shs
• Average Volume: 3.23 million shs
• Market Capitalization: $10.34 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $14.00
• Consensus Rating: Buy

WiSA Technologies Stock Analysis - MarketRank™

WiSA Technologies scored higher than 43% of companies evaluated by MarketBeat, and ranked 457th out of 650 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

WiSA Technologies has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

WiSA Technologies has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for WiSA Technologies are expected to grow in the coming year, from ($13.48) to ($2.31) per share.

Price to Book Value per Share Ratio

WiSA Technologies has a P/B Ratio of 2.42. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

8.78% of the float of WiSA Technologies has been sold short.

Short Interest Ratio / Days to Cover

WiSA Technologies has a short interest ratio ("days to cover") of 0.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in WiSA Technologies has recently increased by 65.27%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

WiSA Technologies does not currently pay a dividend.

Dividend Growth

WiSA Technologies does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

8.78% of the float of WiSA Technologies has been sold short.

Short Interest Ratio / Days to Cover

WiSA Technologies has a short interest ratio ("days to cover") of 0.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in WiSA Technologies has recently increased by 65.27%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.37

News Sentiment

WiSA Technologies has a news sentiment score of 0.37. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.60 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for WiSA Technologies this week, compared to 2 articles on an average week.

Search Interest

13 people have searched for WISA on MarketBeat in the last 30 days. This is an increase of 63% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added WiSA Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of -60% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, WiSA Technologies insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,389.00 in company stock.

Percentage Held by Insiders

Only 0.08% of the stock of WiSA Technologies is held by insiders.

Percentage Held by Institutions

Only 0.66% of the stock of WiSA Technologies is held by institutions.

WISA Stock Analysis - Frequently Asked Questions

How have WISA shares performed this year?

WiSA Technologies' stock was trading at $17.5350 at the start of the year. Since then, WISA stock has decreased by 89.5% and is now trading at $1.84.
View the best growth stocks for 2024 here.

How were WiSA Technologies' earnings last quarter?

WiSA Technologies, Inc. (NASDAQ:WISA) issued its quarterly earnings data on Tuesday, August, 10th. The company reported ($6,300.00) EPS for the quarter, missing the consensus estimate of ($4,350.00) by $1,950.00. The company had revenue of $1.58 million for the quarter, compared to analyst estimates of $1.20 million. WiSA Technologies had a negative trailing twelve-month return on equity of 1,953.50% and a negative net margin of 2,345.48%.

When did WiSA Technologies' stock split?

Shares of WiSA Technologies reverse split on the morning of Monday, April 15th 2024. The 1-150 reverse split was announced on Monday, April 15th 2024. The number of shares owned by shareholders was adjusted after the market closes on Monday, April 15th 2024. An investor that had 100 shares of stock prior to the reverse split would have 1 shares after the split.

Who are WiSA Technologies' major shareholders?

WiSA Technologies' top institutional investors include Anson Funds Management LP (6.28%) and State Street Corp (0.35%). Insiders that own company stock include Gary Williams, Brett Moyer and George Oliva.
View institutional ownership trends.

How do I buy shares of WiSA Technologies?

Shares of WISA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of WiSA Technologies own?

Based on aggregate information from My MarketBeat watchlists, some other companies that WiSA Technologies investors own include Meta Platforms (META), NVIDIA (NVDA), Plug Power (PLUG), AMC Entertainment (AMC), Intel (INTC), Advanced Micro Devices (AMD) and Ford Motor (F).

Company Calendar

• Last Earnings: 8/10/2021
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Semiconductors & related devices
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:WISA
• CUSIP: N/A
• CIK: 1682149
• Web: www.summitwireless.com
• Phone: (408) 627-4716
• Fax: 408-362-3431
• Employees: 50
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $14.00
• High Stock Price Target: $14.00
• Low Stock Price Target: $14.00
• Potential Upside/Downside: +660.9%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-18,720,000.00
• Net Margins: -2,345.48%
• Pretax Margin: -2,345.39%
• Return on Equity: -1,953.50%
• Return on Assets: -186.28%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 2.26
• Quick Ratio: 2.14

Sales & Book Value

• Annual Sales: $2.08 million
• Price / Sales: 4.97
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.76 per share
• Price / Book: 2.42

Miscellaneous

• Outstanding Shares: 5,620,000
• Free Float: 5,617,000
• Market Cap: $10.34 million
• Optionable: No Data
• Beta: -0.38