Wearable Devices (NASDAQ:WLDS) Stock Price Down 1% – What’s Next?

Wearable Devices Ltd. (NASDAQ:WLDS) fell 1% on Friday . The stock traded as low as $1.02 and last traded at $1.03. 115,710 shares changed hands during trading, a decline of 98% from the average session volume of 7,655,135 shares. The stock had previously closed at $1.04.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WLDS. Wall Street Zen raised Wearable Devices from a “strong sell” rating to a “hold” rating in a research report on Sunday, March 22nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Wearable Devices in a research report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Wearable Devices Stock Performance

The firm has a 50-day simple moving average of $1.53 and a 200 day simple moving average of $3.58.

Institutional Inflows and Outflows

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 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 376,202 shares of the company’s stock, valued at approximately $429,000. Armistice Capital LLC owned about 6.31% of Wearable Devices at the end of the most recent quarter. Hedge funds and other 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.