Wearable Devices (NASDAQ:WLDS) Posts Earnings Results

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

Wearable Devices Price Performance

Shares of WLDS opened at $2.27 on Tuesday. Wearable Devices has a 1-year low of $1.30 and a 1-year high of $102.60. The business’s 50-day moving average price is $2.31 and its 200 day moving average price is $3.75.

Institutional Trading of Wearable Devices

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

Wall Street Analyst Weigh In

Several brokerages have commented on WLDS. Weiss Ratings restated a “sell (e+)” rating on shares of Wearable Devices in a research report on Wednesday, June 24th. Wall Street Zen raised shares of Wearable Devices to a “hold” rating in a research note on Saturday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

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.