Wearable Devices Stock Buy Hold or Sell Recommendation
| WLDS Stock | USD 0.46 0.02 4.17% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Wearable Devices is 'Sell'. Macroaxis provides Wearable Devices buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding WLDS positions. The advice algorithm takes into account all of Wearable Devices' available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Wearable Devices' buy or sell advice are summarized below:
Real Value 0.46 | Hype Value 0.48 | Market Value 0.46 | Naive Value 0.63 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Wearable Devices given historical horizon and risk tolerance towards Wearable Devices. When Macroaxis issues a 'buy' or 'sell' recommendation for Wearable Devices, the advice is generated through an automated system that utilizes algorithms and statistical models.
Wearable |
Execute Wearable Devices Buy or Sell Advice
The Wearable recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Wearable Devices. Macroaxis does not own or have any residual interests in Wearable Devices or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Wearable Devices' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Weak | Details | |
Volatility | Out of control | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Not Available | Details | |
Financial Strenth (F Score) | Poor | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Wearable Devices Trading Alerts and Improvement Suggestions
| Wearable Devices is way too risky over 90 days horizon | |
| Wearable Devices has some characteristics of a very speculative penny stock | |
| Wearable Devices appears to be risky and price may revert if volatility continues | |
| The company currently holds 575 K in liabilities. Wearable Devices has a current ratio of 0.31, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Wearable Devices until it has trouble settling it off, either with new capital or with free cash flow. So, Wearable Devices' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Wearable Devices sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Wearable to invest in growth at high rates of return. When we think about Wearable Devices' use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 82 K. Net Loss for the year was (7.81 M) with profit before overhead, payroll, taxes, and interest of 35 K. | |
| Wearable Devices currently holds about 320 K in cash with (8.43 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02. | |
| Wearable Devices has a poor financial position based on the latest SEC disclosures | |
| Roughly 28.0% of the company outstanding shares are owned by insiders | |
| Latest headline from globenewswire.com: Mudra Band Upgrades Mac Computers User Experience with AI Gesture Mouse Allowing Natural Effortless Navigation |
Wearable Devices Returns Distribution Density
The distribution of Wearable Devices' historical returns is an attempt to chart the uncertainty of Wearable Devices' future price movements. The chart of the probability distribution of Wearable Devices daily returns describes the distribution of returns around its average expected value. We use Wearable Devices price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Wearable Devices returns is essential to provide solid investment advice for Wearable Devices.
| Mean Return | 0.63 | Value At Risk | -7.14 | Potential Upside | 12.82 | Standard Deviation | 5.70 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Wearable Devices historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Wearable Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Wearable Devices is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Wearable Devices backward and forwards among themselves. Wearable Devices' institutional investor refers to the entity that pools money to purchase Wearable Devices' securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Citadel Advisors Llc | 2023-09-30 | 59.3 K | Goldman Sachs Group Inc | 2023-12-31 | 54.5 K | Royal Bank Of Canada | 2023-12-31 | 0.0 | Tower Research Capital Llc | 2023-09-30 | 0.0 | Virtu Financial Llc | 2023-12-31 | 0.0 | Two Sigma Securities, Llc | 2023-12-31 | 0.0 | Bank Of America Corp | 2023-12-31 | 0.0 | Ubs Group Ag | 2023-12-31 | 0.0 |
Wearable Devices Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Wearable Devices or Textiles, Apparel & Luxury Goods sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Wearable Devices' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Wearable stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.54 | |
β | Beta against NYSE Composite | 0.93 | |
σ | Overall volatility | 5.82 | |
Ir | Information ratio | 0.09 |
Wearable Devices Volatility Alert
Wearable Devices shows above-average downside volatility for the selected time horizon. Wearable Devices is a potential penny stock. Although Wearable Devices may be in fact a good instrument to invest, many penny stocks are speculative in nature and are subject to artificial price hype. Please make sure you totally understand the upside potential and downside risk of investing in Wearable Devices. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings, sudden news releases, promotions that are not reported, or demotions released before SEC filings. Please also check biographies and work history of current and past company officers before investing in high volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on Wearable instrument if you perfectly time your entry and exit. However, remember that penny stocks that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.Wearable Devices Fundamentals Vs Peers
Comparing Wearable Devices' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Wearable Devices' direct or indirect competition across all of the common fundamentals between Wearable Devices and the related equities. This way, we can detect undervalued stocks with similar characteristics as Wearable Devices or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Wearable Devices' fundamental indicators could also be used in its relative valuation, which is a method of valuing Wearable Devices by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Wearable Devices to competition |
| Fundamentals | Wearable Devices | Peer Average |
| Return On Equity | -1.01 | -0.31 |
| Return On Asset | -0.54 | -0.14 |
| Operating Margin | (59.03) % | (5.51) % |
| Current Valuation | 5.4 M | 16.62 B |
| Shares Outstanding | 20.39 M | 571.82 M |
| Shares Owned By Insiders | 28.40 % | 10.09 % |
| Shares Owned By Institutions | 1.59 % | 39.21 % |
| Number Of Shares Shorted | 587.16 K | 4.71 M |
| Price To Book | 2.07 X | 9.51 X |
| Price To Sales | 138.98 X | 11.42 X |
| Revenue | 82 K | 9.43 B |
| Gross Profit | 35 K | 27.38 B |
| EBITDA | (8.12 M) | 3.9 B |
| Net Income | (7.81 M) | 570.98 M |
| Cash And Equivalents | 320 K | 2.7 B |
| Cash Per Share | 0.02 X | 5.01 X |
| Total Debt | 575 K | 5.32 B |
| Current Ratio | 0.32 X | 2.16 X |
| Book Value Per Share | 0.27 X | 1.93 K |
| Cash Flow From Operations | (8.43 M) | 971.22 M |
| Short Ratio | 0.26 X | 4.00 X |
| Earnings Per Share | (0.48) X | 3.12 X |
| Number Of Employees | 29 | 18.84 K |
| Market Capitalization | 9.68 M | 19.03 B |
| Total Asset | 7.59 M | 29.47 B |
| Retained Earnings | (21.22 M) | 9.33 B |
| Working Capital | 4.96 M | 1.48 B |
| Net Asset | 7.59 M |
Wearable Devices Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Wearable . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Wearable Devices Buy or Sell Advice
When is the right time to buy or sell Wearable Devices? Buying financial instruments such as Wearable Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 162K | 575K | 546.3K | Total Assets | 1.4M | 7.6M | 4.9M |
Use Investing Ideas to Build Portfolios
In addition to having Wearable Devices in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Food Products Thematic Idea Now
Food Products
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Food Products theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Food Products Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Wearable Devices Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For more information on how to buy Wearable Stock please use our How to Invest in Wearable Devices guide.Note that the Wearable Devices information on this page should be used as a complementary analysis to other Wearable Devices' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Complementary Tools for Wearable Stock analysis
When running Wearable Devices' price analysis, check to measure Wearable Devices' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Wearable Devices is operating at the current time. Most of Wearable Devices' value examination focuses on studying past and present price action to predict the probability of Wearable Devices' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wearable Devices' price. Additionally, you may evaluate how the addition of Wearable Devices to your portfolios can decrease your overall portfolio volatility.
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon |
Is Wearable Devices' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Wearable Devices. If investors know Wearable will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Wearable Devices listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.48) | Revenue Per Share 0.005 | Quarterly Revenue Growth 3.118 | Return On Assets (0.54) | Return On Equity (1.01) |
The market value of Wearable Devices is measured differently than its book value, which is the value of Wearable that is recorded on the company's balance sheet. Investors also form their own opinion of Wearable Devices' value that differs from its market value or its book value, called intrinsic value, which is Wearable Devices' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Wearable Devices' market value can be influenced by many factors that don't directly affect Wearable Devices' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Wearable Devices' value and its price as these two are different measures arrived at by different means. Investors typically determine if Wearable Devices is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wearable Devices' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.