Last Updated: 16 Sep 2024
Executive Summary
Wearable Devices Ltd. (WLDS) is a development-stage company focused on non-invasive neural input interfaces. Despite strong revenue growth, the company faces significant operating losses and negative profitability metrics. With limited analyst coverage and a lack of a clear path to profitability, WLDS remains a speculative investment.
Company Overview
WLDS is headquartered in Israel and is developing a technology that allows users to control digital devices through subtle finger movements. The company has yet to generate significant revenue and is still in the early stages of development.
Fundamental Analysis
Revenue: WLDS reported revenue of $82,000 for the trailing twelve months (TTM), showing a 3.12% year-over-year growth.
Profitability: The company has consistently reported operating losses and negative EBITDA. Its profit margin is 0%, and its operating margin TTM is -59.03%.
Valuation: WLDS has a market capitalization of $6.35 million. Its price-to-sales ratio TTM is 77.42, and its price-to-book ratio is 1.149.
Technical Analysis
Trend: WLDS has been trading in a downward trend since early 2023.
Support and Resistance: The stock has support at $0.263 (52-week low) and resistance at $1.129 (52-week high).
Moving Averages: The 50-day moving average is currently at $0.399, and the 200-day moving average is at $0.418.
Short Term Outlook
WLDS faces challenges in the short term due to its lack of profitability and limited analyst coverage. The stock is likely to remain volatile and could experience further declines.
Long Term Outlook
The long-term outlook for WLDS depends on the company's ability to successfully develop and commercialize its technology. If the company can achieve profitability and gain market share, it could have significant upside potential. However, the risk of failure is high, and investors should approach the stock with caution.
Analyst Recommendations
There are currently no analyst recommendations for WLDS.
