WISA Stock Summary and Trading Ideas (Wisa Technologies | NASDAQ:WISA)

WiSA Technologies Inc is a provider of immersive, wireless sound technology for intelligent devices and next-generation home entertainment systems through the sale of module components to audio companies as well as audio products to resellers and consumers.. The company works with consumer electronics companies, technology providers, retailers, and ecosystem partners to make immersive audio an enjoyable experience. The company has a geographic presence in Asia Pacific, North America, Europe and, other.

Wisa Technologies trades on the NASDAQ stock market under the symbol WISA.

As of April 18, 2024, WISA stock price declined to $5.89 with 12,859,384 million shares trading.

WISA has a beta of 3.13, meaning it tends to be more sensitive to market movements. WISA has a correlation of 0.10 to the broad based SPY ETF.

WISA has a market cap of $10.38 million. This is considered a Sub-Micro Cap stock.

Last quarter Wisa Technologies reported $769,000 in Revenue and -$.97 earnings per share. This beat revenue expectation by $219,000 and missed earnings estimates by -$.13.

In the last 3 years, WISA stock traded as high as $105,894.70 and as low as $1.66.

The top ETF exchange traded funds that WISA belongs to (by Net Assets): VXF.

WISA has underperformed the market in the last year with a return of -97.5%, while the SPY ETF gained +22.3%. In the last 3 month period, WISA fell short of the market, returning -64.0%, while SPY returned +6.1%. However, in the most recent 2 weeks WISA has outperformed the stock market by returning +61.6%, while SPY returned -3.8%.

WISA support price is $8.02 and resistance is $10.48 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WISA stock will trade within this expected range on the day.