Wearable Devices (NASDAQ:WLDS) Shares Climb 23.1% – Still a Buy?

Wearable Devices Ltd. (NASDAQ:WLDS) shares traded up 23.1% during mid-day trading on Monday. The stock traded as high as $1.71 and last traded at $1.60. 191,282 shares changed hands during trading, The stock had previously closed at $1.30.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Wearable Devices in a report on Monday, September 21st. Wall Street Zen downgraded Wearable Devices from a “hold” rating to a “sell” rating in a research report on Sunday, August 30th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Wearable Devices Price Performance

The company’s 50-day simple moving average is $1.48 and its 200 day simple moving average is $3.32.

Wearable Devices (NASDAQ:WLDS) last posted its quarterly earnings data on Monday, August 24th. The company reported ($1.75) earnings per share for the quarter. The firm had revenue of $0.17 million during the quarter.

Wearable Devices Company Profile

Wearable Devices Ltd. is an Israeli technology company that develops wearable neural-input interfaces designed to let users control digital devices through subtle hand and finger movements. Its technology uses sensors and artificial intelligence to interpret neural and muscular signals generated in the wrist and translate them into commands for connected devices. The company’s primary product is the Mudra platform, including wrist-worn devices such as the Mudra Band and Mudra Inspire. These products are intended to provide hands-free control of smartphones, computers, augmented- and virtual-reality systems, and other compatible electronics through gestures such as finger movements and taps.