Wearable Devices (NASDAQ:WLDS) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Wearable Devices (NASDAQ:WLDS) from a hold rating to a sell rating in a research report released on Sunday morning,Wall Street Zen reports.

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

Wearable Devices Trading Down 0.9%

Shares of NASDAQ:WLDS opened at $2.23 on Friday. The company’s 50-day moving average price is $2.33 and its 200 day moving average price is $3.50. Wearable Devices has a fifty-two week low of $1.30 and a fifty-two week high of $102.60.

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

Hedge Funds Weigh In On Wearable Devices

A hedge fund recently bought a new position in Wearable Devices stock. Armistice Capital LLC purchased a new position in shares of Wearable Devices Ltd. (NASDAQ:WLDS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 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 quarter. Institutional investors 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.