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Is Wearable Devices Ltd. (NASDAQ: WLDS) A Suitable Stock For New Investors Today?

Wearable Devices Ltd. (NASDAQ:WLDS) shares, rose in value on Thursday, 05/25/23, with the stock price up by 211.46% to the previous day’s close as strong demand from buyers drove the stock to $1.41.

Actively observing the price movement in the last trading, the stock closed the session at $0.45, falling within a range of $0.65 and $1.91. Referring to stock’s 52-week performance, its high was $5.85, and the low was $0.39. On the whole, WLDS has fluctuated by 168.62% over the past month.

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Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days.

0 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 0 analyst(s), 0 recommend it as a Buy and 0 called the WLDS stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is -.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of WLDS currently trading nearly 187.10% and 167.62% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 85.62, while the 7-day volatility ratio is showing 43.67% which for the 30-day chart, stands at 18.73%. Furthermore, Wearable Devices Ltd. (WLDS)’s average true range (ATR) is 0.15.


Data on historical trading for Wearable Devices Ltd. (NASDAQ:WLDS) indicates that the trading volumes over the past 10 days have averaged 11.54 million and over the past 3 months, they’ve averaged 104.78K. According to company’s latest data on outstanding shares, there are 12.28 million shares outstanding.

Nearly 53.32% of Wearable Devices Ltd.’s shares belong to company insiders and institutional investors own 10.30% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.19 million shares as on Apr 27, 2023, resulting in a short ratio of 2.73. According to the data, the short interest in Wearable Devices Ltd. (WLDS) stood at 1.27% of shares outstanding as of Apr 27, 2023; the number of short shares registered in Mar 30, 2023 reached 0.12 million. The stock has risen by 223.09% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WLDS stock heading into the next quarter.

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