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NASDAQ:WISASummit Wireless Technologies Stock Price, Forecast & News

$2.34
+0.03 (+1.30 %)
(As of 07/7/2020 04:00 PM ET)
Add
Compare
Today's Range
$2.31
Now: $2.34
$2.41
50-Day Range
$2.15
MA: $2.33
$3.00
52-Week Range
$2.12
Now: $2.34
$26.60
Volume947,596 shs
Average Volume542,097 shs
Market Capitalization$18.05 million
P/E RatioN/A
Dividend YieldN/A
Beta-1.17
Summit Wireless Technologies, Inc. develops wireless audio integrated circuits for home entertainment and professional audio markets in the United States, Europe, and the Asia Pacific. The company offers TX modules for TVs, AV receivers, media hubs, and small dongles that connect through USB or HDMI ports; and speaker systems. The company has a strategic partnership with THX Ltd. to develop wireless sound technology for gaming, Esports, and home entertainment. The company was formerly known as Summit Semiconductor, Inc. and changed its name to Summit Wireless Technologies, Inc. in September 2018. Summit Semiconductor, Inc. was founded in 2010 and is headquartered in San Jose, California.
Read More

Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.1Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.12 out of 5 stars


Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustryN/A
Current SymbolNASDAQ:WISA
CUSIPN/A
CIKN/A
Phone408-627-4716

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.67 million
Book Value$0.48 per share

Profitability

Net Income$-12,040,000.00
Net Margins-754.90%

Miscellaneous

Employees38
Market Cap$18.05 million
Next Earnings Date8/12/2020 (Estimated)
OptionableNot Optionable

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Summit Wireless Technologies (NASDAQ:WISA) Frequently Asked Questions

How has Summit Wireless Technologies' stock been impacted by COVID-19 (Coronavirus)?

Summit Wireless Technologies' stock was trading at $0.28 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, WISA stock has increased by 735.7% and is now trading at $2.34. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Summit Wireless Technologies?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Wireless Technologies in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Summit Wireless Technologies.

When is Summit Wireless Technologies' next earnings date?

Summit Wireless Technologies is scheduled to release its next quarterly earnings announcement on Wednesday, August 12th 2020. View our earnings forecast for Summit Wireless Technologies.

How were Summit Wireless Technologies' earnings last quarter?

Summit Wireless Technologies Inc (NASDAQ:WISA) released its earnings results on Thursday, May, 28th. The company reported ($2.19) earnings per share for the quarter, missing the Zacks' consensus estimate of ($2.00) by $0.19. The company had revenue of $0.41 million for the quarter. Summit Wireless Technologies had a negative net margin of 754.90% and a negative return on equity of 1,130.69%. View Summit Wireless Technologies' earnings history.

What price target have analysts set for WISA?

1 Wall Street analysts have issued twelve-month price objectives for Summit Wireless Technologies' shares. Their forecasts range from $3.00 to $3.00. On average, they anticipate Summit Wireless Technologies' share price to reach $3.00 in the next twelve months. This suggests a possible upside of 28.2% from the stock's current price. View analysts' price targets for Summit Wireless Technologies.

Has Summit Wireless Technologies been receiving favorable news coverage?

News stories about WISA stock have trended negative on Tuesday, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Summit Wireless Technologies earned a media sentiment score of -2.1 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news about Summit Wireless Technologies.

Are investors shorting Summit Wireless Technologies?

Summit Wireless Technologies saw a increase in short interest in June. As of June 30th, there was short interest totaling 123,300 shares, an increase of 455.4% from the June 15th total of 22,200 shares. Based on an average daily trading volume, of 963,600 shares, the days-to-cover ratio is presently 0.1 days. Currently, 1.9% of the company's stock are short sold. View Summit Wireless Technologies' Current Options Chain.

Who are some of Summit Wireless Technologies' key competitors?

What other stocks do shareholders of Summit Wireless Technologies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Summit Wireless Technologies investors own include Co-Diagnostics (CODX), Tonix Pharmaceuticals (TNXP), Ibio (IBIO), Actinium Pharmaceuticals (ATNM), FuelCell Energy (FCEL), Inpixon (INPX), Nokia Oyj (NOK), Onconova Therapeutics (ONTX), Sierra Oncology (SRRA) and Inovio Pharmaceuticals (INO).

Who are Summit Wireless Technologies' key executives?

Summit Wireless Technologies' management team includes the following people:
  • Mr. Brett A. Moyer, Pres, CEO & Chairman (Age 61)
  • Mr. Gary L. Williams, CFO, Sec. & VP of Fin. (Age 52)
  • Mr. Ed Green, VP of Operations
  • Scott Taylor, VP of Marketing
  • Mr. James Cheng, VP of Worldwide Sales

What is Summit Wireless Technologies' stock symbol?

Summit Wireless Technologies trades on the NASDAQ under the ticker symbol "WISA."

How do I buy shares of Summit Wireless Technologies?

Shares of WISA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Summit Wireless Technologies' stock price today?

One share of WISA stock can currently be purchased for approximately $2.34.

How big of a company is Summit Wireless Technologies?

Summit Wireless Technologies has a market capitalization of $18.05 million and generates $1.67 million in revenue each year. Summit Wireless Technologies employs 38 workers across the globe.

What is Summit Wireless Technologies' official website?

The official website for Summit Wireless Technologies is www.summitwireless.com.

How can I contact Summit Wireless Technologies?

Summit Wireless Technologies' mailing address is 6840 VIA DEL ORO SUITE 280, SAN JOSE CA, 95119. The company can be reached via phone at 408-627-4716 or via email at [email protected]

This page was last updated on 7/7/2020 by MarketBeat.com Staff

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