Investor’s Alert (ATR Analysis) WiSA Technologies, Inc. (NASDAQ:WISA)

shares of WiSA Technologies, Inc. (NASDAQ:WISA) reached at $0.12 price level during last trade its distance from 20 days simple moving average was 28.38%, and its distance from 50 days simple moving average was -24.51% while it has a distance of -78.95% from the 200 days simple moving average.

WiSA Technologies, Inc. (NASDAQ: WISA), a leading provider of immersive wireless sound technology for intelligent devices and next-generation home entertainment systems, will demonstrate a new Dolby Atmos soundbar system platform for the first time at the Consumer Electronics Show (CES) in Las Vegas from January 5-7. The platform, powered by WiSA DS technology, is designed to allow WiSA member brands to create soundbar systems with four channels of true up-firing Dolby Atmos sound at velocity retail price points as low as $499 and be in market as early as Q3 2023.

The platform has integrated WiSA’s DS technology into a 5.1.4 Dolby Atmos wireless soundbar system featuring a total of ten audio channels, five of which are wireless. The five wireless audio channels include two rear channels and two rear up-firing front Dolby Atmos channels as well as a wireless subwoofer. The embedded WiSA DS technology requires only a single transmitter in the soundbar component, and single transmitters in the subwoofer and rear channel speakers, to send and receive all audio channels. The system components connect wirelessly with ease to deliver immersive sound at an affordable price point for consumers.

WiSA DS is the second multichannel wireless audio technology created by WiSA Technologies and is engineered for closed, high-performance systems. It transmits up to five channels of uncompressed 16-bit 48kHz sound over a 2.4 GHz Wi-Fi network it creates. Ideal for soundbar systems, the technology delivers quality, performance and affordability. With the proliferation of Dolby Atmos content and the continued growth of the soundbar market, WiSA Technologies anticipates strong adoption of WiSA DS and expects to enter the market with its technology by Q3 2023.

Liquidity:

The stock has a market cap of $8.71M with 71.12M shares outstanding, of which the float was 69.96M shares. Analysts consider this stock active, since it switched Trading volume reached 96,070,104 shares as compared to its average volume of 15.73M shares.

The Average Daily Trading Volume (ADTV) demonstrates trading activity related to the liquidity of the security. When Ave Volume tends to increase, it shows enhanced liquidity.

But when Ave Volume is lower, the security will tend to be cheap as people are not as keen to purchase it. Hence, it might have an effect on the worth of the security. WISA’s relative volume was 5.30.

Relative volume is a great indicator to keep a close eye on, but like most indicators it works best in conjunction with other indicators and on different time frames. Higher relative volume you will have more liquidity in the stock which will tighten spreads and allow you to trade with more size without a ton of slippage.

WiSA Technologies, Inc. has an average true range (ATR) of 0.02. Other technical indicators are worth considering in assessing the prospects for EQT. WISA’s price to sales ratio for trailing twelve months was 1.98 and price to book ratio for most recent quarter was 0.34, whereas price to cash per share for the most recent quarter was 3.35.

The Company’s price to free cash flow for trailing twelve months was 0. Its quick ratio for most recent quarter was 1.00. Analysts mean recommendation for the stock was 2.00. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell.

WiSA Technologies, Inc.‘s shares owned by insiders remained 5.50%, whereas shares owned by institutional owners are 14.00%.

Meanwhile, WISA traded under umbrella of Technology sector, the stock was traded -91.72% ahead of its 52-week high and 45.92% beyond its 52-week low. So, both the price and 52-week high indicators would give you a clear-cut picture to evaluate the price direction.

About Jessica Larson

I am Jessica Larson Senior News Writer for alphafinstocks.com. I covers TECHNOLOGY sector and writes about hot Financial companies from an exclusive and “out of the box” perspective. Over the 7.0 years, I have built a network of resources within the financial sector I writes about. I hold MS degree in the field of Finance. My most recent work incorporates a promoting article on the portable site plan that objectives organizations hoping to make their sites amicable to versatile clients. The greater part of my articles mixes some type of examination with the composition process itself. I work on a full-time basis for Alpha FinStocks Update specializing in quicker moving active shares with a short-term view on investment opportunities and trends. I have been active in the markets for some years, and I mainly focused on long/short equities. Exceptionally qualified Senior Business Writer with over 7.00 years of showed involvement in marketable strategies and awards.

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