Wearable Devices (NASDAQ:WLDS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Wearable Devices (NASDAQ:WLDS) to a hold rating in a research note issued to investors on Saturday morning.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Wearable Devices in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Wearable Devices Stock Performance

Wearable Devices stock opened at $2.27 on Friday. Wearable Devices has a 1-year low of $1.30 and a 1-year high of $102.60. The stock’s fifty day moving average is $2.31 and its two-hundred day moving average is $3.75.

Wearable Devices (NASDAQ:WLDS) last announced its quarterly earnings results on Monday, August 24th. The company reported ($1.75) earnings per share (EPS) for the quarter. The business had revenue of $0.17 million during the quarter.

Institutional Investors Weigh In On Wearable Devices

A hedge fund recently bought a new stake in Wearable Devices stock. Armistice Capital LLC acquired a new stake in Wearable Devices Ltd. (NASDAQ:WLDS) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 376,202 shares of the company’s stock, valued at approximately $429,000. Armistice Capital LLC owned 6.31% of Wearable Devices at the end of the most recent quarter. 0.24% of the stock is owned by institutional investors.

Wearable Devices Company Profile

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.