WiSA Technologies, Inc. (NASDAQ:WISA – Get Free Report)’s stock price traded down 5.7% on Thursday . The company traded as low as $1.65 and last traded at $1.65. 270,770 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 3,872,535 shares. The stock had previously closed at $1.75.
Analyst Ratings Changes
Separately, Ascendiant Capital Markets decreased their price target on shares of WiSA Technologies from $18.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, August 29th.
View Our Latest Analysis on WiSA Technologies
WiSA Technologies Price Performance
WiSA Technologies (NASDAQ:WISA – Get Free Report) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($1.50) EPS for the quarter. The company had revenue of $0.35 million during the quarter. WiSA Technologies had a negative return on equity of 964.80% and a negative net margin of 2,930.80%.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in WiSA Technologies stock. Anson Funds Management LP purchased a new position in shares of WiSA Technologies, Inc. (NASDAQ:WISA – Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 21,323,458 shares of the company’s stock, valued at approximately $448,000. Anson Funds Management LP owned about 1,211.56% of WiSA Technologies at the end of the most recent reporting period. 0.66% of the stock is owned by institutional investors and hedge funds.
WiSA Technologies Company Profile
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.
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