Summit Wireless Technologies Inc. [NASDAQ: WISA] closed the trading session at $2.36 on 10/08/20. The day’s price range saw the stock hit a low of $2.15, while the highest price level was $2.45. The company report on October 8, 2020 that Consumer Interest in WiSA Continues its Strong Upward Trajectory.
WiSA’s digital footprint expanding rapidly as global brands launch new products that engage the consumer to invest in home cinema.
WiSA® LLC, founded by Summit Wireless Technologies (NASDAQ: WISA) and comprised of over 60 leading consumer electronics (CE) brands, announced meaningful growth across its digital platforms in Q3, showcasing heightened consumer interest in the Association, its brand partners and their products, and the overall home cinema category.
The stocks have a year to date performance of -80.66 percent and weekly performance of 20.41 percent. The stock has been moved at -49.79 percent over the last six months. The stock has performed 22.92 percent around the most recent 30 days and changed 3.96 percent over the most recent 3-months.
If compared to the average trading volume of 530.38K shares, WISA reached to a volume of 1712208 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Summit Wireless Technologies Inc. [WISA]:
The Average True Range (ATR) for Summit Wireless Technologies Inc. is set at 0.15, with the Price to Sales ratio for WISA stock in the period of the last 12 months amounting to 11.81. The Price to Book ratio for the last quarter was 0.79, with the Price to Cash per share for the same quarter was set at 1.51.
WISA stock trade performance evaluation
Summit Wireless Technologies Inc. [WISA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 20.41. With this latest performance, WISA shares gained by 22.92% in over the last four-week period, additionally sinking by -49.79% over the last 6 months – not to mention a drop of -86.51% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WISA stock in for the last two-week period is set at 69.06, with the RSI for the last a single of trading hit 79.67, and the three-weeks RSI is set at 62.36 for Summit Wireless Technologies Inc. [WISA]. The present Moving Average for the last 50 days of trading for this stock 2.10, while it was recorded at 2.05 for the last single week of trading, and 4.46 for the last 200 days.
Summit Wireless Technologies Inc. [WISA]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Summit Wireless Technologies Inc. [WISA] shares currently have an operating margin of -669.93 and a Gross Margin at -4.26. Summit Wireless Technologies Inc.’s Net Margin is presently recorded at -722.57.
Return on Total Capital for WISA is now -452.89, given the latest momentum, and Return on Invested Capital for the company is -488.48. Return on Equity for this stock declined to -488.48, with Return on Assets sitting at -250.07.
Reflecting on the efficiency of the workforce at the company, Summit Wireless Technologies Inc. [WISA] managed to generate an average of -$267,511 per employee. Receivables Turnover for the company is 15.12 with a Total Asset Turnover recorded at a value of 0.35.Summit Wireless Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.20 and a Current Ratio set at 6.30.
Earnings per share (EPS) analysis for Summit Wireless Technologies Inc. [WISA] stock
With the latest financial reports released by the company, Summit Wireless Technologies Inc. posted -2.8/share EPS, while the average EPS was predicted by analysts to be reported at -2.6/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -7.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WISA.
Summit Wireless Technologies Inc. [WISA]: Insider Ownership positions
There are presently around $0 million, or 4.20% of WISA stock, in the hands of institutional investors. The top three institutional holders of WISA stocks are: INGALLS & SNYDER LLC with ownership of 77,179, which is approximately 1087.369% of the company’s market cap and around 1.30% of the total institutional ownership; SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC, holding 32,900 shares of the stock with an approximate value of $78000.0 in WISA stocks shares; and PNC FINANCIAL SERVICES GROUP, INC., currently with $13000.0 in WISA stock with ownership of nearly 0% of the company’s market capitalization.
Positions in Summit Wireless Technologies Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 4 institutional holders increased their position in Summit Wireless Technologies Inc. [NASDAQ:WISA] by around 105,442 shares. Additionally, 7 investors decreased positions by around 94,394 shares, while 2 investors held positions by with 81,596 shares. The mentioned changes placed institutional holdings at 118,240 shares, according to the latest SEC report filing. WISA stock had 3 new institutional investments in for a total of 34,763 shares, while 6 institutional investors sold positions of 94,308 shares during the same period.