Summit Wireless Technologies, Inc. (WISA) Stock: A Good Pick In The Tech Industry?

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Summit Wireless Technologies, Inc. (WISA) is trending up in the market in today’s trading session. The company, one that is focused on the tech sector, is presently priced at $0.89 after climbing 4.99% so far in today’s session. As it relates to tech companies, there are quite a few aspects that have the ability to cause movement in the market. News tends to be one of the biggest reasons for the movement. Here are the recent trending headlines centered around WISA:

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Oct-30-19 07:00AM Summit Wireless Technologies to Host Third Quarter Update Conference Call on November 13th
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

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

What 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. may lead to excitement in some investors, a single session move by itself should not be the reason for a decision to, or not to, invest in a stock. It is always a good idea to look at trends for a period longer than a single trading session. In the case of WISA, below are the returns on investment that investors have seen:

  • Past 7 Days – Over the past week, WISA has seen a price change amounting to 6.24%.
  • Past 30 Days – The monthly performance from Summit Wireless Technologies, Inc. works out to -5.57%.
  • Past Quarter – Over the past quarter, the stock has generated a ROI that comes to -5.63%
  • Past 6 Months – Throughout the past six months, we have seen a performance that works out to -51.16% from the company.
  • Year To Date – Since the open of this year WISA has resulted in a return of -75.15%.
  • Annually – Lastly, in the past full year, investors have seen a change amounting to -83.75% from WISA. Over this period, the stock has traded at a high price of -84.07% and a low price of 29.32%.

Ratios Worth Watching

Digging into a few key ratios associated with a company can give investors a look of just how dangerous and/or potentially profitable a an investment option might be. Here are some of the most important ratios to consider when looking at WISA.

Short Ratio – The short ratio is a measure of short interest. As the short ratio goes higher, it means that more investors are expecting that the price of the stock is going to tumble. In general, strong technology stocks tend to carry a lower short ratio. On the other hand, we also tend to see quite a few short squeezes in the sector. Nonetheless, in relation to Summit Wireless Technologies, Inc., the stock’s short ratio comes to 2.31.

Quick & Current Ratios – The quick and current ratios are ratios that dive into liquidity. Essentially, they measure the company’s abilities to pay for its debts when they mature using current assets or quick assets. Because in tech, companies rely on continued investor support as they work to bring new technologies to market, these ratios can be damning. However, quite a few gems in the technology space do have strong current and quick ratios. As it relates to WISA, the quick and current ratios come to 2.20 and 3.30 respectively.  

Book To Share Value – The book to share value compares the the share price to the book value of assets that are owned by the company. In this case, the book to share value ratio comes in at 0.20.

Cash To Share Value – The cash to share value comparison compares the total amount of cash the company has on hand to the value of shares. In this case, the cash to share value ratio works out to 0.16.

Investors Tend To Follow The Big Money

An interesting fact that I have learned in my short period here has been that good investors tend to follow the moves made by big money investors. So, investors that want to play it relatively safe will follow investments made by institutions and insiders. So, where is the big money as it relates to WISA? Here’s the data:

  • Institutional Investors – As it stands now, institutional investors own 11.70% of the company. However, it’s worth noting that the ownership held by institutions has moved in the amount of 0 throughout the last 3 months.
  • Investors On The Inside – As far as insiders go, those close to the situation currently own 30.10% of the company. Insider ownership of the company has seen a move of 0 in the past quarter.

Analyst Opinions With Regard To Summit Wireless Technologies, Inc.

While it’s never a smart idea to blindly follow the opinions of analysts, it is a smart idea to use their opinions when validating your own opinions when it comes to making investment decisions in the tech industry. Here are the most recent moves that we’ve seen from analysts as it relates to WISA.

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What We’ve Seen In Financial Results

What have ween seen from WISA in terms of financial results?Here’s what you need to know:

  • Analyst Expectations – As it stands at the moment, analysts have expectations that WISA will report EPS that totals up to be -0.52, with -0.13 to be announced in the next financial report. Although this information is not associated with earnings, because we’re chatting on the topic of Wall St. analysts, the stock is presently graded as a 0 when rated on a scale from 1 to 5 on which 1 is the poorest possible Wall Street analyst grade and 5 is the best.
  • 5-Year Sales – In the last half decade, Summit Wireless Technologies, Inc. has generated a change in revenue that adds up to 0. Earnings over the last half decade have generated a change of 0.
  • Quarter Over Quarter – when it comes to quarter over quarter earnings data, or Q/Q data as it is often referred to as in today’s society, Summit Wireless Technologies, Inc. has seen a change in earnings that comes to a total of 87.10%. Summit Wireless Technologies, Inc. has also experienced movement in regard to revenue in the amount of 0.00%.

A Look At 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 20.24M 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 12.48M.

I also like to follow the short percentage of the float. After all, when a high portion of the float is sold short, the overall feeling among traders is that the stock is going to fall. When it comes to WISA, the percentage of the float that is shorted is 0.95%. Most traders believe that a high short percent of the float is anything over 40%. Through my work, I’ve found that a short percent of the float over 26% is probably going to be a a play that could prove to be very risky.

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