Summit Wireless Technologies, Inc. (WISA) Stock: Here’s Why It’s Gaining


Summit Wireless Technologies, Inc. (WISA) is making a move up in the market today. The stock, one that is focused in the technology sector, is presently trading at $0.76 after climbing 11.14% so far in today’s session. As it relates to tech stocks, there are quite a few factors that have the potential to lead to movement in the market. One of the most common is news. Here are the recent stories relating to WISA:

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Nov-13-19 07:00AM Summit Wireless Technologies Provides Third Quarter Update
Nov-04-19 07:00AM WiSA Announces Certification of Harmans HK Surround 5.1 Speaker System
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
07:00AM WiSA Announces Nationwide Retail Launch and Point-of-Sale Promotion with Leading Partner Brands at Best Buy

However, any time investors are making a decision with regard to investing, investors should focus on much more than just news, this is especially the case in the ever changing technology sector. Here’s what’s going on with Summit Wireless Technologies, Inc..

Recent Moves From WISA

While a gain in a single session, like the gain that we’re seeing from Summit Wireless Technologies, Inc. may make some investors happy, that by itself should not be the reason for a decision to, or not to, invest in a stock. It is generally smart to take a look at trends just a single trading session. As it relates to WISA, below are the returns on investment that investors have experienced:

  • Weekly – Over the last week, WISA has seen a change in price that amounts to -4.70%.
  • Past Month – The return from Summit Wireless Technologies, Inc. over the last 30 days comes to -6.45%.
  • Past Three Months – Throughout the last quarter, the company has generated a ROI of -31.93%
  • Past 6 Months – In the last 6 months, investors have seen a change that equates to -58.34% from the company.
  • YTD – Since the open of this year WISA has produced a return on investment of -77.71%.
  • Full Year – Lastly, over the past full year, investors have seen a change in the amount of -82.98% out of WISA. Throughout this period of time, the stock has sold at a high of -84.75% and a low of 17.27%.

Ratios Worth Watching

Looking at various key ratios having to do with a company generally gives prospective investors a view of just how dangerous and/or rewarding a stock pick might be. Below are some of the key ratios to look at when digging into WISA.

Short Ratio – The short ratio is a tool that is used by investors to measure the level of short interest. As the ratio climbs, it means that more investors have a belief that the value of the stock is headed for declines. Across the sector, strong tech stocks can carry a lower short ratio. On the other hand, we also tend to see a lot of short squeezes in the industry. Nonetheless, when it comes to Summit Wireless Technologies, Inc., it’s short ratio amounts to 2.33.

Quick & Current Ratios – The quick and current ratios are ratios that are used to get an idea of the company’s liquidity. Essentially, they measure If a company is able to pay its debts when they mature with only quick assets or current assets. In the technology industry, several companies are heavily reliant on the continuation of investor support as they work to bring new technologies to market, these ratios can be bad. However, several better companies in the technology industry come with good quick and current ratios. In terms of WISA, the quick and current ratios work out to 2.20 and 3.30 respectively.  

Book To Share Value – The book to share value compares the the price of shares to the current book value of assets that are owned by the company. when it comes to Summit Wireless Technologies, Inc., the book to share value ratio is 0.20.

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

Big Money And Summit Wireless Technologies, Inc.

An interesting fact I have learned so far in my short time here is that good investors tend to follow the moves made by big money players. Usually, investors that want to keep the risk down will keep an eye on investments made by institutions as well as insiders of the company. With that said, is big money flowing as it relates to WISA? Here’s what’s happening:

Institutions own 11.80% of the company. Institutional interest has moved by 1.13% over the past three months. When it comes to insiders, those who are close to the company currently own 32.10% percent of WISA shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

Analyst Opinions With Regard To Summit Wireless Technologies, Inc.

Although it’s never a smart idea to unknowingly follow the thoughts of analysts, it is a good idea to consider their thoughts when validating your own due diligence when it comes to making an investment decision in the technology sector. Here are the most recent moves that we’ve seen from analysts with regard to WISA.

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At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-0.52. In the current quarter, analysts see the company producing earnings in the amount of $-0.13. 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 87.10% and revenue has seen movement of 0.00%.

A Look At Share Counts

Traders tend to have a heavy interest in the amounts of shares both available and outstanding. As it relates to Summit Wireless Technologies, Inc., currently there are 20.50M with a float of 13.17M. These numbers mean that out of the total of 20.50M shares of WISA currently in existence today, 13.17M are available to be traded by the public.

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 0.97%.

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