Franklin Wireless (NASDAQ:FKWL) Shares Up 0.8% – Here’s What Happened

Posted by on Jul 11th, 2026

Franklin Wireless Corp. (NASDAQ:FKWL – Get Free Report)’s share price rose 0.8% on Thursday . The company traded as high as $2.45 and last traded at $2.43. 93,730 shares traded hands during trading, an increase of 228% from the average session volume of 28,585 shares. The stock had previously closed at $2.41.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Franklin Wireless from a “sell (d)” rating to a “sell (e+)” rating in a research report on Tuesday, May 26th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $6.00.

Check Out Our Latest Stock Report on Franklin Wireless

Franklin Wireless Trading Down 2.5%

The firm has a market capitalization of $27.92 million, a price-to-earnings ratio of -39.50 and a beta of 0.27. The stock’s 50-day moving average is $2.88 and its 200-day moving average is $3.57.

Franklin Wireless (NASDAQ:FKWL – Get Free Report) last posted its earnings results on Friday, May 15th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.12). The company had revenue of $3.44 million for the quarter, compared to the consensus estimate of $9.90 million. Franklin Wireless had a negative return on equity of 2.98% and a negative net margin of 2.07%.

Hedge Funds Weigh In On Franklin Wireless

Several large investors have recently bought and sold shares of the company. Fortis Capital Management LLC boosted its stake in shares of Franklin Wireless by 69.0% during the first quarter. Fortis Capital Management LLC now owns 24,500 shares of the company’s stock valued at $93,000 after purchasing an additional 10,000 shares in the last quarter. Osaic Holdings Inc. raised its holdings in Franklin Wireless by 5.5% in the 4th quarter. Osaic Holdings Inc. now owns 133,903 shares of the company’s stock valued at $585,000 after buying an additional 7,000 shares during the last quarter. Founders Financial Securities LLC acquired a new stake in Franklin Wireless during the 4th quarter worth approximately $59,000. Smith Moore & CO. grew its holdings in Franklin Wireless by 14.5% during the 4th quarter. Smith Moore & CO. now owns 96,400 shares of the company’s stock worth $421,000 after acquiring an additional 12,228 shares during the last quarter. Finally, Evergreen Capital Management LLC acquired a new stake in Franklin Wireless in the second quarter valued at $44,000. 18.49% of the stock is currently owned by institutional investors.

About Franklin Wireless

(Get Free Report)

Franklin Wireless Corporation, headquartered in Fremont, California, designs and manufactures a range of cellular wireless devices and solutions. The company’s product lineup includes 4G LTE and 5G NR modules, routers, gateways and USB dongles under its MYFi brand, catering to both consumer and industrial applications. Franklin Wireless focuses on high-speed data communications, remote monitoring and mobile broadband, making its devices suitable for IoT deployments, enterprise networking and M2M connectivity.

Since its founding in 2005, Franklin Wireless has combined in-house research and development with strategic manufacturing partnerships across Asia and North America.

See Also

Receive News & Ratings for Franklin Wireless Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin Wireless and related companies with MarketBeat.com's FREE daily email newsletter.