Wearable Devices (NASDAQ:WLDS) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen cut shares of Wearable Devices (NASDAQ:WLDS) from a hold rating to a sell rating in a research note published on Sunday morning.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Wearable Devices in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Wearable Devices Price Performance

Shares of NASDAQ WLDS opened at $2.27 on Friday. Wearable Devices has a twelve month low of $1.30 and a twelve month high of $102.60. The firm has a fifty day simple moving average of $2.32 and a 200 day simple moving average of $3.58.

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

Institutional Trading of Wearable Devices

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

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.