Wearable Devices (NASDAQ:WLDS) Rating Lowered to “Sell” at Wall Street Zen

Wearable Devices (NASDAQ:WLDS – Get Free Report) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Sunday, 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 equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

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Wearable Devices Price Performance

Shares of Wearable Devices stock opened at $2.25 on Friday. The firm has a 50-day moving average of $2.33 and a 200-day moving average of $3.54. Wearable Devices has a 52-week low of $1.30 and a 52-week high of $102.60.

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

Hedge Funds Weigh In On Wearable Devices

An institutional investor recently bought a new position in Wearable Devices stock. Armistice Capital LLC bought a new position in Wearable Devices Ltd. (NASDAQ:WLDS – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 376,202 shares of the company’s stock, valued at approximately $429,000. Armistice Capital LLC owned approximately 6.31% of Wearable Devices as of its most recent SEC filing. 0.24% of the stock is currently owned by institutional investors and hedge funds.

Wearable Devices Company Profile

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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.

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