Wearable Devices (NASDAQ:WLDSW) Shares Down 3.7% – Time to Sell?

Shares of Wearable Devices Ltd. (NASDAQ:WLDSW) dropped 3.7% on Tuesday . The stock traded as low as $3.15 and last traded at $3.10. Approximately 61 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 429 shares. The stock had previously closed at $3.22.

Wearable Devices Price Performance

The firm’s 50 day simple moving average is $4.05 and its 200-day simple moving average is $6.52.

About Wearable Devices

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 Inspire 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. It serves consumer electronics companies, industrial companies, information technology and software solutions providers, software development studios, academia and research universities, and B2C market.