Wearable Devices’ (WLDS) “Sell (E+)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (e+) rating on shares of Wearable Devices (NASDAQ:WLDS) in a research note issued to investors on Thursday morning,Weiss Ratings reports.

Separately, Wall Street Zen upgraded Wearable Devices to a “sell” rating in a report on Saturday, October 4th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Wearable Devices has a consensus rating of “Sell”.

Wearable Devices Trading Up 0.8%

WLDS stock opened at $2.59 on Thursday. The business’s 50-day moving average price is $3.65 and its two-hundred day moving average price is $2.29. Wearable Devices has a 1-year low of $1.00 and a 1-year high of $12.28.

Institutional Trading of Wearable Devices

An institutional investor recently bought a new position in Wearable Devices stock. Kathmere Capital Management LLC purchased a new stake in Wearable Devices Ltd. (NASDAQ:WLDS) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 134,500 shares of the company’s stock, valued at approximately $655,000. Kathmere Capital Management LLC owned approximately 2.38% of Wearable Devices at the end of the most recent reporting period. 0.24% of the stock is currently owned by institutional investors and hedge funds.

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.