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Wearable Devices Ltd (WLDS) Stock: A Year of Stock Market Ups and Downs

Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Wearable Devices Ltd’s current trading price is -83.72% away from its 52-week high, while its distance from the 52-week low is 58.48%. The stock’s price range over this period has fluctuated between $0.26 and $2.56. The company, operating within the financial sector, had a trading volume of approximately 3.06 million for the day, which was noticeably higher than the average daily share volume of 8.8 over the last 3 months.

The market performance of Wearable Devices Ltd’s stock has been turbulent in recent times. Over the last year, the company’s stock reached its highest point at $2.56 on 06/09/23, while the lowest value for the same duration was $0.26 on 12/12/23.

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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis

Wearable Devices Ltd (WLDS) has experienced a quarterly decline of -2.16% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 6.64M.

Analyzing Trading Volume and Moving Average Trends

Based on Barchart.com data, the company’s moving average over the 100-day period was 0.4893, with a change in price of -0.4733. Similarly, Wearable Devices Ltd recorded 536,236 in trading volume during the last 100 days, posting a change of -53.18%.

Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis

The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for WLDS stands at 0.06. Similarly, the long-term debt-to-equity ratio is also 0.03.

WLDS Stock Stochastic Average

Today, Wearable Devices Ltd’s raw stochastic average for the past 50 days stands at 60.97%, indicating a rise from the raw stochastic average of the last 20 days, which was 53.00%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 59.95% and 66.20% respectively.

WLDS Stock Price Performance Analysis

Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. This year’s metric has recorded a Price increase of 21.16%. However, over the past six months, we’ve seen a stronger performance of -61.41%. The price of WLDS fallen by 0.43% over the last 30 days. And in the last five days, it has fallen by -3.90%.

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