Wearable Devices Stock Performance
| WLDS Stock | USD 0.46 0.02 4.17% |
On a scale of 0 to 100, Wearable Devices holds a performance score of 6. The firm maintains a market beta of 0.99, which attests to possible diversification benefits within a given portfolio. Wearable Devices returns are very sensitive to returns on the market. As the market goes up or down, Wearable Devices is expected to follow. Please check Wearable Devices' jensen alpha and the relationship between the value at risk and day median price , to make a quick decision on whether Wearable Devices' historical returns will revert.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Wearable Devices are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively inconsistent fundamental indicators, Wearable Devices unveiled solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Wearable Devices Targets Apple Vision Pro for Mudra Band Integration For Intuitive Real Object Interaction | 02/09/2024 |
2 | Wearable Devices Signs an Agreement with Qualcomm to Collaborate in Elevating XR Experiences with Mudra Neural Technology | 02/12/2024 |
3 | Wearable Devices Ltd. Sees Significant Increase in Short Interest - AmericanBankingNEWS | 02/29/2024 |
4 | Wearable Devices Announces Full Year 2023 Financial Results and Provides Corporate Update | 03/15/2024 |
5 | Why Wearable Devices Stock Is Shooting Higher | 03/18/2024 |
6 | Mudra Band Upgrades Mac Computers User Experience with AI Gesture Mouse Allowing Natural Effortless Navigation | 04/17/2024 |
| Begin Period Cash Flow | 10.4 M | |
| Free Cash Flow | -8.6 M |
Wearable |
Wearable Devices Relative Risk vs. Return Landscape
If you would invest 37.00 in Wearable Devices on January 26, 2024 and sell it today you would earn a total of 9.00 from holding Wearable Devices or generate 24.32% return on investment over 90 days. Wearable Devices is currently generating 0.511% in daily expected returns and assumes 5.8718% risk (volatility on return distribution) over the 90 days horizon. In different words, 52% of stocks are less volatile than Wearable, and 90% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Wearable Devices Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wearable Devices' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Wearable Devices, and traders can use it to determine the average amount a Wearable Devices' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.087
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Estimated Market Risk
| 5.87 actual daily | 51 51% of assets are less volatile |
Expected Return
| 0.51 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 6 94% of assets perform better |
Based on monthly moving average Wearable Devices is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Wearable Devices by adding it to a well-diversified portfolio.
Wearable Devices Fundamentals Growth
Wearable Stock prices reflect investors' perceptions of the future prospects and financial health of Wearable Devices, and Wearable Devices fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Wearable Stock performance.
| Return On Equity | -1.01 | ||||
| Return On Asset | -0.54 | ||||
| Operating Margin | (59.03) % | ||||
| Current Valuation | 5.16 M | ||||
| Shares Outstanding | 20.39 M | ||||
| Price To Book | 2.07 X | ||||
| Price To Sales | 138.98 X | ||||
| Revenue | 82 K | ||||
| Gross Profit | 35 K | ||||
| EBITDA | (8.12 M) | ||||
| Net Income | (7.81 M) | ||||
| Cash And Equivalents | 320 K | ||||
| Cash Per Share | 0.02 X | ||||
| Total Debt | 575 K | ||||
| Current Ratio | 0.32 X | ||||
| Book Value Per Share | 0.27 X | ||||
| Cash Flow From Operations | (8.43 M) | ||||
| Earnings Per Share | (0.48) X | ||||
| Market Capitalization | 9.44 M | ||||
| Total Asset | 7.59 M | ||||
| Retained Earnings | (21.22 M) | ||||
| Working Capital | 4.96 M | ||||
About Wearable Devices Performance
To evaluate Wearable Devices Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Wearable Devices generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Wearable Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Wearable Devices market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Wearable's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 2.9 K | 3 K | |
| Return On Tangible Assets | (1.03) | (1.08) | |
| Return On Capital Employed | (1.41) | (1.48) | |
| Return On Assets | (1.03) | (1.08) | |
| Return On Equity | (1.41) | (1.48) |
Things to note about Wearable Devices performance evaluation
Checking the ongoing alerts about Wearable Devices for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Wearable Devices help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| 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 |
- Analyzing Wearable Devices' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Wearable Devices' stock is overvalued or undervalued compared to its peers.
- Examining Wearable Devices' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Wearable Devices' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Wearable Devices' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Wearable Devices' stock. These opinions can provide insight into Wearable Devices' potential for growth and whether the stock is currently undervalued or overvalued.
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wearable Devices. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. 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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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.
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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.