Wearable Devices (NASDAQ:WLDS) Trading Down 9.2% – Time to Sell?

Wearable Devices Ltd. (NASDAQ:WLDS) shares were down 9.2% during mid-day trading on Friday . The company traded as low as $4.90 and last traded at $4.95. Approximately 842,810 shares were traded during trading, a decline of 97% from the average daily volume of 24,450,220 shares. The stock had previously closed at $5.45.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Wearable Devices to a “strong sell” rating in a research report on Friday, May 30th.

Wearable Devices Stock Down 9.2%

The business has a 50-day moving average of $2.56 and a 200-day moving average of $2.03. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.64 and a quick ratio of 3.68.

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.