Wearable Devices (NASDAQ:WLDS) Issues Quarterly Earnings Results

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

Wearable Devices Stock Up 10.1%

NASDAQ WLDS opened at $2.50 on Wednesday. Wearable Devices has a twelve month low of $1.30 and a twelve month high of $102.60. The stock has a 50-day moving average of $2.31 and a 200 day moving average of $3.71.

Analyst Ratings Changes

Several brokerages have recently issued reports on WLDS. Wall Street Zen raised Wearable Devices to a “hold” rating in a report on Saturday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Wearable Devices in a report on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Institutional Trading of Wearable Devices

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

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.