Summit Wireless Technologies, Inc. (WISA) Stock: Seeing Declines In Today’s Session

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Summit Wireless Technologies, Inc. (WISA) is trending down in the market today. The stock, one that is focused on the technology industry, is presently priced at $1.21 after falling -8.33% so far in today’s session. In terms of technology stocks, there are a number of aspects that have the potential to cause declines in the market. News is one of the most common reasons for movement. Here are the recent stories relating to WISA:

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May-22-19 07:00AM WiSAs 2019 Momentum Continues with Certification of Platins Monaco 5.1 Wireless Home Theater Speaker System
07:00AM Summit Wireless Technologies Prices Follow-On Offering of Common Stock
May-15-19 07:00AM WiSA Announces Certification of System Audios Legend Silverback Speakers
05:00AM Summit Wireless Technologies Provides First Quarter Update
May-08-19 07:00AM HIGH END 2019: LG and WiSA Present Uncomplicated TV Audio Connection

However, any time investors are making a decision to invest, prospective investors should look at much more than just news, especially in the ever evolving technology industry. Here’s what’s going on with Summit Wireless Technologies, Inc..

What We’ve Seen From WISA

While a move toward the top in a single session, like the move that we’re seeing from Summit Wireless Technologies, Inc. might make some investors fearful, a single session fall by itself shouldn’t be the reason for a decision to, or not to, invest in a company. It is always smart to dig into trends experienced by the stock beyond a single session. In the case of WISA, here are the movements that we’ve seen:

  • Past 7 Days – In the past 5 trading sessions, WISA has generated a change in value amounting to -9.02%.
  • Past 30 Days – The ROI from Summit Wireless Technologies, Inc. over the past 30 days has been -35.98%.
  • Past Quarter – In the last 3 months, the company has generated a return of -47.44%
  • Past Six Months – In the past six months, we have seen a change that amounts to -71.39% from the stock.
  • This Year So Far – Since the the last trading session of last year WISA has produced a ROI of -64.62%.
  • Full Year – Lastly, in the last year, we’ve seen a change in the amount of 0 from WISA. Throughout this period, the stock has traded at a high price of -78.42% and a low price of 1.34%.

Ratios To Pay Attention To

Looking at a few ratios associated with a stock can give prospective traders a look of just how dangerous and/or potentially profitable a pick might be. Below are some of the important ratios to think about when looking at WISA.

Short Ratio – The short ratio is a measure of short interest. As the short ratio climbs, it means that more investors are expecting that the value of the stock is headed for declines. In general, strong technology stocks can come with a lower short ratio. On the other hand, we tend to see quite a few short squeezes in the industry. Nonetheless, as it relates to Summit Wireless Technologies, Inc., it’s short ratio clocks in at 2.40.

Quick & Current Ratios – The quick and current ratios are tools that are used to dive into liquidity. Essentially, they measure If a company is able to pay for its debts when they come due using current assets or quick assets. In the technology sector, many companies are reliant on continued investor support as they work to bring new technologies to market, the current and quick ratios can seem bad. However, quite a few gems in the tech space come with strong quick and current ratios. As far as WISA, the quick and current ratios total up to 0.50 and 1.70 respectively.  

Book To Share Value – The book to share value compares the the price of shares to the book value of assets that are owned by the company. In the case of Summit Wireless Technologies, Inc., the book to share value ratio is 0.08.

Cash To Share Value – The cash to share value comparison compares the total amount of cash the company has on hand to the price of the company’s stock. In this case, the cash to share value ratio works out to 0.02.

What Institutions And Insiders Think Of Summit Wireless Technologies, Inc.

One thing that I have learned so far in my short time in existence is that good investors tend to follow the moves made by big money investors. Usually, investors that want to keep the risk down will follow moves made by institutions and those on the inside. So, is big money flowing as it relates to WISA? Here’s what’s happening:

  • Institutional Investors – At the moment, institutional investors hold 16.70% of Summit Wireless Technologies, Inc.. On the other hand, it’s worth mentioning that the ownership held by institutions has seen a move of 7.57% throughout the last 3 months.
  • Investors On The Inside – with regard to insiders, insiders of the company currently hold 2.20% of Summit Wireless Technologies, Inc.. Their ownership of the company has changed in the amount of 0 throughout the last quarter.

What Analysts Think About Summit Wireless Technologies, Inc.

While it’s rarely a good idea to blindly follow the thoughts of analysts, it is a good idea to use their analysis in order to validate your own when it comes to making an investment decision in the technology space. Here are the most recent moves that we have seen from analysts as it relates to WISA.

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What We’ve Seen In earnings results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-0.72. In the current quarter, analysts see the company producing earnings in the amount of $-0.15. Over the last 5 years, WISA has generated revenue in the amount of $0 with earnings coming in at 0. On a quarter over quarter basis, earnings have seen movement of 81.50% and revenue has seen movement of 66.70%.

What You Need To Know About Share Counts

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 20.00M shares of Summit Wireless Technologies, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, WISA has a float of 13.36M.

It’s also important to dig into the short percent. After all, when a high portion of the float available for trading is sold short, the overall opinion in the market is that the equity is headed for a deep dive. As far as it relates to WISA, the percentage of the float that is shorted is 1.26%. Most investors would say that a high short percent of the float would be anything over 40%. Nonetheless, I have calculated that any short ratio over 26% is likely a play that comes with hefty risk.

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