Ascendiant Capital Markets Issues Pessimistic Forecast for WiSA Technologies (NASDAQ:WISA) Stock Price

WiSA Technologies (NASDAQ:WISA) had its target price lowered by equities research analysts at Ascendiant Capital Markets from $14.00 to $11.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock.

WiSA Technologies Stock Up 4.3 %

Shares of WiSA Technologies stock opened at $1.70 on Friday. The company has a 50 day moving average of $1.77 and a 200-day moving average of $2.04. WiSA Technologies has a 1-year low of $1.15 and a 1-year high of $21.30.

Hedge Funds Weigh In On WiSA Technologies

An institutional investor recently bought a new position in WiSA Technologies stock. State Street Corp bought a new stake in WiSA Technologies, Inc. (NASDAQ:WISA) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 19,502 shares of the company’s stock, valued at approximately $35,000. State Street Corp owned about 0.35% of WiSA Technologies as of its most recent SEC filing. 0.66% of the stock is currently owned by institutional investors and hedge funds.

About WiSA Technologies

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.