Summit Wireless Technologies Inc. (NASDAQ:WISA) went down by -3.59% during the previous trading session, and it is maintaining the win ahead of Tuesday’s trading session. The share price of the Semiconductors giant went up by $2.15 to trade ended Tuesday trading at $2.23. This is down from the $2.23 price recorded on Monday’s trading session. Thanks to this latest performance, WISA is closer to the higher price 52-week target of $15.00 and further from the lowest price target of $15.00. Its performance from the start of the year has also been negative, with WISA down by -82.38% year-to-date.
Summit Wireless Technologies Inc. (WISA) started the day trading at $2.21 and recorded an intraday high of $2.215. It also recorded an intraday low of $2.14 during Tuesday’s trading session. Summit Wireless Technologies Inc. is a very active stock that recorded a trading volume that is less than -95.34% of the average daily trading volume on Tuesday. The stock’s trading volume on Tuesday was 517049, which is less than -95.34 of the total average daily trading volume of 1.01 million.
Summit Wireless Technologies Inc. (NASDAQ:WISA) 2020 Performance Impressive
The increase in WISA’s stock price on Tuesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of WISA currently stands at $26.60, which is higher than the current trading price of the stock by 91.92%. However, WISA’s current trading price is -1.42% lower than the 52-week low price of $2.12. In terms of trading volume, Summit Wireless Technologies Inc. currently experienced healthy participation during the last trading session. 517049 shares of Summit Wireless Technologies Inc. were traded on the stock exchange on Tuesday, which is less than -95.34% of the 1.01 million average trading volume of the stock.
The performance of the stock has been positive over the past year. WISA’s performance over the past one year has seen it plunge by -90.73%, while the stock has gone down by -81.21% in the last six months. The quarterly performance of WISA currently stands at -68.61%, and it is down by -8.12% in the last month. The only negative figure was from the weekly performance, which currently reads -11.89%. At the time of writing WISA’s report, the company has a total market cap of $17.44M, making it one of the largest publicly-traded companies in the world.Summit Wireless Technologies Inc. also has over 38 employees all over the world.
WISA Insider Activities
For Summit Wireless Technologies Inc., insiders hold 2.80% of all company shares. The insider transactions over the past six months are up by 11.40%. During that period, insiders bought 0 shares in 0 transactions. In that same period, insiders sold 0 of their shares in 0 transactions. After these transactions, insiders at Summit Wireless Technologies Inc. now hold 1.47M shares, which is over 22.89% of the total company stocks. Institutional investors currently hold a large chunk of the WISA shares, as they control 43.27% of the company’s total stock.
WISA Fundamental Analysis
For Summit Wireless Technologies Inc., the stock’s diluted earnings per share (EPS) stands at -11.63. In the coming year, analysts expect the EPS to be -2.75.
The gross margin of the company is -4.10%.
WISA Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of WISA currently stands at -8.94%, while the SMA50 is -11.24%. The biggest one is the SMA200, which is currently reading -77.14% ahead of Tuesday’s trading session. The Relative Strength Index of this stock is 44.22.