Wearable Devices (NASDAQ:WLDS) Upgraded by Wall Street Zen to Hold Rating

Wearable Devices (NASDAQ:WLDS) was upgraded by Wall Street Zen from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Wearable Devices in a report on Monday, December 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Wearable Devices Price Performance

Shares of NASDAQ:WLDS opened at $1.40 on Friday. The business’s 50-day moving average is $2.57 and its 200-day moving average is $6.36. Wearable Devices has a 1 year low of $1.30 and a 1 year high of $34.20.

Institutional Investors Weigh In On Wearable Devices

An institutional investor recently bought a new position in Wearable Devices stock. Armistice Capital LLC acquired a new position in shares of Wearable Devices Ltd. (NASDAQ:WLDS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 376,202 shares of the company’s stock, valued at approximately $429,000. Armistice Capital LLC owned approximately 6.31% of Wearable Devices at the end of the most recent reporting period. Institutional investors 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.