Summit Wireless Technologies, Inc. (WISA) Stock: Is This Tech Stock Worth Your Consideration?

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Summit Wireless Technologies, Inc. (WISA) is headed up in the market today. The stock, one that is focused in the tech space, is currently trading at $1.07 after a move up of 7.58% so far in today’s session. As it relates to technology companies, there are several factors that have the potential to cause gains in the market. News is one of the most common reasons for movement. Here are the recent stories associated with WISA:

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Aug-07-19 07:00AM Summit Wireless Provides Update on Addressable Market
Aug-06-19 07:00AM WiSAs Global TV Members Expand to 7 with Projected WiSA Ready TVs to Exceed 20 Million in 2020
Jul-31-19 03:52PM Did You Manage To Avoid Summit Wireless Technologies’s (NASDAQ:WISA) Devastating 79% Share Price Drop?
Jul-24-19 07:00AM Summit Wireless Technologies to Host Second Quarter Update Conference Call on August 14th
Jul-16-19 07:00AM Summit Wireless to Host Virtual Roadshow Webinar on July 25th at 8:30 a.m. Pacific Time

Nonetheless, when making an investing decision, prospective investors should focus on much more than just news, especially in the ever evolving technology industry. Here’s what’s happing when it comes to Summit Wireless Technologies, Inc..

Recent Movement From WISA

While a gain in a single session, like the move that we’re seeing from Summit Wireless Technologies, Inc. might cause excitement in some investors, that alone should not be the basis of a decision to, or not to, invest in a company. It’s always a good idea to dig into trends experienced by the stock further out than a single trading day. As it relates to WISA, here are the returns on investment that we’ve seen:

  • Past 5 Trading Sessions – Throughout the last week, WISA has generated a change in price in the amount of 26.79%.
  • Past 30 Days – The return from Summit Wireless Technologies, Inc. throughout the past month works out to -9.75%.
  • Quarterly – Throughout the past 3 months, the stock has generated a ROI that comes to -43.65%
  • Bi-Annually – In the previous six months, we’ve seen a change that works out to -56.53% from the company.
  • Year To Date – Since the the first trading session of this year WISA has resulted in a ROI of -68.86%.
  • Annually – Lastly, throughout the past full year, we’ve seen performance that works out to -78.22% from WISA. Over this period, the stock has sold at a high price of -81.01% and a low price of 40.13%.

Key Ratios

Digging into various ratios associated with a company can give investors an understanding of just how risky and/or potentially profitable a stock pick might be. Below are some of the most important ratios to look at when digging into WISA.

Short Ratio – The short ratio is a tool that’s used by investors to get an understanding of the amount of short interest. As the ratio heads up, it shows that more investors believe that the stock is headed for declines. Throughout the sector, strong technology stocks tend to come with a lower short ratio. However, we also see a lot of short squeezes in the industry. Nonetheless, in relation to Summit Wireless Technologies, Inc., it’s short ratio amounts to 1.02.

Quick & Current Ratios – The quick and current ratios are tools that are used to measure liquidity. Essentially, they measure the company’s abilities to cover its debts as they mature using quick assets or current assets. Because in tech, many companies are reliant on the continuation of support from investors as they work to bring new technologies to market, these ratios can look bad. Nonetheless, quite a few better companies in the tech sector do have great current and quick ratios. As it relates to WISA, the quick and current ratios come to 0.50 and 1.70 respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the book value of assets that are owned by the company. In this particular case, the book to share value ratio works out to 0.08.

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

What Are Big Money Players Doing With Summit Wireless Technologies, Inc.

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in WISA, here’s what we’re seeing:

  • Institutions – As it stands now, institutional investors own 11.80% of WISA. On the other hand, it is worth considering that institutional ownership has moved in the amount of -29.84% over the past quarter.
  • Investors On The Inside – with regard to insiders, members of the management team and others close to WISA currently hold 2.20% of Summit Wireless Technologies, Inc.. Insider ownership of the company has changed in the amount of 0 throughout the past 3 months.

What Analysts Say About Summit Wireless Technologies, Inc.

While it’s not a good idea to unknowingly follow the thoughts of analysts, it is a good idea to use their analysis when validating your own before making investment decisions in the technology space. Below you’ll find the most recent moves that we have seen from analysts with regard to WISA.

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Financial Performance

What have ween seen from WISA in terms of financial results?Here’s what we’ve seen:

  • Analyst Expectations – As it stands, Wall St. analysts are expecting that the company will report EPS in the amount of -0.55, with -0.14 being reported in the report for the current quarter. Although this data isn’t based on earnings, because we’re chatting on the topic of Wall Street analysts, the stock is currently graded as a 0 when rated on a scale from 1 to 5 on which 1 is the poorest Wall Street analyst rating and 5 is the best possible rating.
  • 5-Year Sales – Over the past half decade, Summit Wireless Technologies, Inc. has generated a change in sales volume that works out to 0. Earnings per diluted share through the past 5 years have generated movement in the amount of 0.
  • Q/Q – In terms of quarter over quarter earnings data, or Q/Q data as it is generally represented in the human world, the company has experienced a change in earnings that comes to a total of 81.50%. Summit Wireless Technologies, Inc. has also seen a change when it comes to sales in the amount of 66.70%.

What’s The Float Looking Like?

Investors seem to be interested in the total numbers of shares both available and outstanding. In regard to Summit Wireless Technologies, Inc., there are currently 19.29M with a float of 13.36M. This means that of the total of 19.29M shares of WISA in existence today, 13.36M are able to be traded on the public market.

I also like to look at the short percent. Think about it, when a high portion of the float available for trading is shorted, the overall feeling among investors is that the company is going to lose value. As far as WISA, the percentage of the float that is sold short comes to a total of 0.54%. Most traders believe that a high short percent of the float would be any percentage over 40%. Through my work, I’ve calculated that a short percent of the float over 26% is generally a play that comes with hefty risk.

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