Wearable Devices (NASDAQ:WLDS) Shares Up 0.6% – Still a Buy?

Wearable Devices Ltd. (NASDAQ:WLDS) shares shot up 0.6% during mid-day trading on Thursday . The stock traded as high as $1.6498 and last traded at $1.58. Approximately 45,491 shares changed hands during mid-day trading, The stock had previously closed at $1.57.

Wall Street Analyst Weigh In

WLDS has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Wearable Devices from a “strong sell” rating to a “hold” rating in a report on Sunday, March 22nd. Weiss Ratings restated a “sell (e+)” rating on shares of Wearable Devices in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Wearable Devices Price Performance

The stock has a 50-day moving average price of $2.37 and a two-hundred day moving average price of $5.51.

Institutional Investors Weigh In On Wearable Devices

A hedge fund recently raised its stake in Wearable Devices stock. Kathmere Capital Management LLC lifted its holdings in shares of Wearable Devices Ltd. (NASDAQ:WLDS) by 42.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 191,300 shares of the company’s stock after acquiring an additional 56,800 shares during the period. Kathmere Capital Management LLC owned approximately 3.21% of Wearable Devices worth $218,000 at the end of the most recent quarter. Institutional investors and hedge funds own 0.24% of the company’s stock.

About Wearable Devices

Wearable Devices Ltd. engages in the development of a non-invasive neural input interface for controlling digital devices using subtle touchless finger movements. The company offers Mudra development kits that enable users to control digital devices, including consumer electronics, smart watches, smartphones, AR glasses, VR headsets, televisions, personal computers and laptop computers, drones, robots, and others through finger movements and hand gestures; and SNC sensor module, an operating system (OS) software package and algorithm package to customers.