InvestorsObserver is giving Summit Wireless Technologies Inc (WISA) an Analyst Rating Rank of 79, meaning WISA is ranked higher by analysts than 79% of stocks. The average projection by analysts for WISA is $4.25 over the next 12 months and analyst’s classify the stock as a Strong Buy
Why are Analyst Ratings Important?
You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers.
InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.
What's Happening With Summit Wireless Technologies Inc Stock Today?
Summit Wireless Technologies Inc (WISA) stock has risen 8.45% while the S&P 500 is flat 0% as of 9:43 AM on Friday, Jan 8. WISA is higher by $0.31 from the previous closing price of $3.61 on volume of 51,129 shares. Over the past year the S&P 500 has risen 16.16% while WISA is lower by -68.54%. WISA lost -$6.88 per share the over the last 12 months.
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