Wearable Devices (NASDAQ:WLDS) Trading Down 0.9% – Time to Sell?

Wearable Devices Ltd. (NASDAQ:WLDS) shares dropped 0.9% on Thursday . The stock traded as low as $1.11 and last traded at $1.13. Approximately 158,077 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 336,081 shares. The stock had previously closed at $1.14.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Wearable Devices in a research note on Monday, December 22nd. Wall Street Zen upgraded Wearable Devices to a “sell” rating in a research note on Saturday, October 4th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Wearable Devices Price Performance

The stock has a 50-day moving average price of $1.53 and a two-hundred day moving average price of $2.29.

Hedge Funds Weigh In On Wearable Devices

An institutional investor recently raised its position in Wearable Devices stock. Kathmere Capital Management LLC lifted its holdings in Wearable Devices Ltd. (NASDAQ:WLDS) by 42.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 191,300 shares of the company’s stock after acquiring an additional 56,800 shares during the quarter. Kathmere Capital Management LLC owned 3.21% of Wearable Devices worth $218,000 as of its most recent SEC filing. Institutional investors and hedge funds own 0.24% of the company’s stock.

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.