Summit Wireless Technologies Inc. [NASDAQ: WISA] jumped around 1.5 points on Tuesday, while shares priced at $3.63 at the close of the session, up 70.42%. The company report on November 10, 2020 that Summit Wireless Technologies Gains Momentum and Provides Third Quarter 2020 Update.
– 45% Revenue Growth Posted for Q3 2020 Year-over-Year -.
– More than 100% Revenue Growth Expected for Q4 2020 Year-over-Year -.
Summit Wireless Technologies Inc. stock is now -70.25% down from its year-to-date (YTD) trading value. WISA Stock saw the intraday high of $3.88 and lowest of $2.72 per share. The company’s 52-week high price is 19.70, which means current price is +111.05% above from all time high which was touched on 01/10/20.
Compared to the average trading volume of 300.35K shares, WISA reached a trading volume of 131408944 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Summit Wireless Technologies Inc. [WISA]?
The Average True Range (ATR) for Summit Wireless Technologies Inc. is set at 0.25, with the Price to Sales ratio for WISA stock in the period of the last 12 months amounting to 17.83. The Price to Book ratio for the last quarter was 1.22, with the Price to Cash per share for the same quarter was set at 1.54.
How has WISA stock performed recently?
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 82.41. With this latest performance, WISA shares gained by 65.00% in over the last four-week period, additionally plugging by 56.47% over the last 6 months – not to mention a drop of -76.43% 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 83.48, with the RSI for the last a single of trading hit 88.80, and the three-weeks RSI is set at 78.57 for Summit Wireless Technologies Inc. [WISA]. The present Moving Average for the last 50 days of trading for this stock 2.06, while it was recorded at 2.32 for the last single week of trading, and 3.46 for the last 200 days.
Summit Wireless Technologies Inc. [WISA]: Deeper insight into the 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 analysis for Summit Wireless Technologies Inc. [WISA]
With the latest financial reports released by the company, Summit Wireless Technologies Inc. posted -3.6/share EPS, while the average EPS was predicted by analysts to be reported at -1.6/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -125.00%. 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.
Insider trade positions for Summit Wireless Technologies Inc. [WISA]
There are presently around $0 million, or 4.30% of WISA stock, in the hands of institutional investors. The top three institutional holders of WISA stocks are: INGALLS & SNYDER LLC with ownership of 75,240, which is approximately -2.512% of the company’s market cap and around 5.20% of the total institutional ownership; SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC, holding 32,900 shares of the stock with an approximate value of $0.12 million in WISA stocks shares; and PARSONS CAPITAL MANAGEMENT INC/RI, currently with $50000.0 in WISA stock with ownership of nearly New of the company’s market capitalization.
Positions in Summit Wireless Technologies Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 5 institutional holders increased their position in Summit Wireless Technologies Inc. [NASDAQ:WISA] by around 48,419 shares. Additionally, 6 investors decreased positions by around 95,326 shares, while 1 investors held positions by with 13,788 shares. The mentioned changes placed institutional holdings at 129,957 shares, according to the latest SEC report filing. WISA stock had 4 new institutional investments in for a total of 48,403 shares, while 4 institutional investors sold positions of 93,301 shares during the same period.