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

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Summit Wireless Technologies, Inc. (WISA) is working its way for to the top in the market in today’s trading session. The company, one that is focused on the tech industry, is currently priced at $0.85 after a move down of -13.28% so far today. When it comes to technology companies, there are several aspects that have the potential to generate movement in the market. News is one of the most common reasons for movement. Here are the recent headlines associated with WISA:

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Oct-28-19 11:00AM Summit Wireless Technologies, Inc. Provides Update and Discusses Upcoming Milestones in New SNNLive Video Interview on StockNewsNow.com
07:00AM WiSA Announces Nationwide Retail Launch and Point-of-Sale Promotion with Leading Partner Brands at Best Buy
Oct-17-19 07:00AM Summit Wireless Technologies Raises $1.8 Million in a Registered Direct Offering
Oct-15-19 08:00AM MicroCap Rodeo Investor Conference – Lineup for October 15 and 16, 2019
Oct-09-19 07:00AM Summit Wireless Technologies Receives Approximately $1.2 Million in Gross Proceeds from Warrant Exercise

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

Performance Trends That We’ve Seen From WISA

Although a move toward the top in a single session, like the move that we’re seeing from Summit Wireless Technologies, Inc. might cause fear in some investors, that alone shouldn’t be the reason for a decision to, or not to, invest in a stock. It’s generally important to take a look at trends experienced by the stock for a period longer than a single trading day. When it comes to WISA, below are the returns that investors have seen:

  • Past 5 Sessions – Throughout the past 7 days, WISA has seen a change in value amounting to 6.24%.
  • Monthly – The performance from Summit Wireless Technologies, Inc. in the past 30 days has been -5.57%.
  • Past Quarter – Over the past three months, the stock has generated a return on investment that works out to -5.63%
  • Bi-Annually – Throughout the past six months, investors have seen a performance that equates to -51.16% from the company.
  • This Year So Far – Since the open of this year WISA has produced a return of -75.15%.
  • Annually – Finally, throughout the past full year, we have seen a change amounting to -83.75% from WISA. Over this period of time, the stock has traded at a high of -84.84% and a low of 23.17%.

Ratios Worth Watching

Looking at a few key ratios associated with a company generally gives investors a view of just how risky and/or rewarding a pick might be. Here are some of the key ratios to look at when digging into WISA.

Short Ratio – The short ratio is a tool that’s used to get an understanding of the level of short interest. The higher this ratio, the more investors have a belief that the stock is going to fall. In general, strong tech stocks tend to carry a lower short ratio. On the other hand, we also see a lot of short squeezes in the industry. Nonetheless, when it comes to Summit Wireless Technologies, Inc., the stock’s short ratio is 2.35.

Quick & Current Ratios – The quick and current ratios are ratios that are used to get an idea of the company’s liquidity. Basically, they measure whether or not a company can pay for its debts when they come due based on current assets or quick assets. Because in tech, many companies are heavily reliant on the continuation of support from investors as they work to bring new technologies to market, the quick and current ratios can be upsetting. However, quite a few better companies in the technology industry do have positive current and quick ratios. As it relates to WISA, the quick and current ratios add up to 2.20 and 3.30 respectively.  

Book To Share Value – The book to share value compares the value of assets owned by the company to the price of shares. In this particular case, that ratio works out to 0.20.

Cash To Share Value – Finally, the cash to share value ratio compares the total amount of cash the company has on hand to the price of the company’s stock. When it comes to WISA, the cash to share value is 0.16.

Show Me The Big Money

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 own 11.70% of the company. Institutional interest has moved by 0 over the past three months. When it comes to insiders, those who are close to the company currently own 30.10% percent of WISA shares. Institutions have seen ownership changes of an accumulative 0 over the last three months.

How Analysts Feel About Summit Wireless Technologies, Inc.

Although it’s never a smart idea to avoid doing your due diligence and blindly following the thoughts of analysts, it is a smart idea to use their opinions to validate your own thoughts before making an investment decision in the tech space. Below you’ll find the recent moves that we have seen from analysts with regard to WISA.

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What We’ve Seen In earnings results

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

  • Analyst Expectations – At the moment, Wall St. analysts expect that WISA will come up with EPS that totals up to be -0.52, with -0.13 to be announced in the earnings report for the current quarter. Although this is not earnings driven, because we’re talking on the topic of analysts, Summit Wireless Technologies, Inc. is currently graded as a 0 considering a scale that ranges from 1 to 5 where 1 is the worst average Wall St. analyst grade and 5 is the best possible.
  • 5-Year Sales – In the past 5 years, Summit Wireless Technologies, Inc. has reported a change in sales that works out to be 0. Earnings over the past half decade have experienced a change of 0.
  • Quarter Over Quarter – when it comes to quarter over quarter earnings data, or Q/Q data as it is commonly represented in the human world, the company has experienced a change in earnings that amounts to 87.10%. WISA has also experienced a change in regard to sales that comes to a total of 0.00%.

A Look At Share Counts

Investors tend to have an interest in the counts of shares both available and outstanding. As far as Summit Wireless Technologies, Inc., currently there are 20.24M and there is a float of 12.48M. These data mean that out of the total of 20.24M shares of WISA currently in existence today, 12.48M are able to trade hands in the public space.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to WISA, the short percent of the float is 0.95%.

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