Summit Stock Analysis

WISA -  USA Stock  

USD 3.54  0.05  1.43%

The current price rise of Summit Wireless may raise some interest from investors as it is trading at a share price of 3.54 on very low momentum in trading volume. The company directors and management may have good odds in positioning the company resources to exploit market volatility in September. The stock standard deviation of daily returns for 90 days investing horizon is currently 7.19. The very high volatility is mostly attributed to the latest market swings and not very good earnings reports from some of the Summit Wireless Tech partners.
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The Summit Wireless stock analysis report makes it easy to digest most publicly released information about Summit Wireless and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Summit Stock analysis module also helps to analyze the Summit Wireless price relationship with some important fundamental indicators such as market cap and management efficiency.

Summit Stock Analysis Notes

About 17.0% of the company outstanding shares are owned by insiders. The book value of Summit Wireless was at this time reported as 0.89. The company recorded a loss per share of 1.82. Summit Wireless Tech had not issued any dividends in recent years. The entity had 1-20 split on the 9th of April 2020. Summit Wireless Technologies, Inc., a technology company, develops, manufactures, and sells modules and integrated circuits for home entertainment and wireless audio market in the United States, Europe, and the Asia Pacific. Summit Semiconductor, Inc. was incorporated in 2010 and is headquartered in San Jose, California. Summit Wireless operates under Semiconductors classification in the United States and is traded on NASDAQ Exchange. It employs people. For more information please call Brett Moyer at 408 627 4716 or visit http://www.summitwireless.com.

Summit Wireless Tech Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Summit Wireless' investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Summit Wireless Technologies or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Summit Wireless Tech is way too risky over 90 days horizon
Summit Wireless Tech appears to be risky and price may revert if volatility continues
The company reported the previous year's revenue of 3.15 M. Net Loss for the year was (13.53 M) with profit before overhead, payroll, taxes, and interest of 427 K.
Summit Wireless Technologies currently holds about 9.71 M in cash with (10.81 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.87.
Roughly 17.0% of the company outstanding shares are owned by insiders
Latest headline from www.benzinga.com: Summit Wireless Stock Fakes Out Investors - Benzinga

Summit Market Capitalization

The company currently falls under 'Micro-Cap' category with current market capitalization of 43.03 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Summit Wireless's market, we take the total number of its shares issued and multiply it by Summit Wireless's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities.

Management Efficiency

The entity has return on total asset (ROA) of (73.22) % which means that it has lost $73.22 on every $100 spent on asset. This is way below average. Similarly, it shows return on stockholders equity (ROE) of (256.05) %, meaning that it created substantial loss on money invested by shareholders. Summit Wireless management efficiency ratios could be used to measure how well summit wireless tech manages its routine affairs as well as how well it operates its assets and liabilities.

Technical Drivers

As of the 1st of August, Summit Wireless has the Semi Deviation of 4.36, risk adjusted performance of 0.0819, and Coefficient Of Variation of 1008.6. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Summit Wireless Tech, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We are able to interpolate and collect nineteen technical drivers for Summit Wireless Technologies, which can be compared to its competition. Please validate Summit Wireless Tech variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and semi variance to decide if Summit Wireless is priced more or less accurately, providing market reflects its prevalent price of 3.54 per share. Given that Summit Wireless Tech has jensen alpha of 0.6374, we advise you to double-check Summit Wireless Technologies's current market performance to make sure the company can sustain itself at a future point.

Summit Wireless Tech Price Movement Analysis

The output start index for this execution was thirty-five with a total number of output elements of twenty-six. The Mid-point Price over period is an average of Summit Wireless Tech highest and lowest prices attained during the given period. View also all equity analysis or get more info about midpoint price over period overlap studies indicator.

Summit Wireless Tech Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Summit Wireless insiders, such as employees or executives, is commonly permitted as long as it does not rely on Summit Wireless' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Summit Wireless insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Howse Michael over a month ago via Macroaxis 
Acquisition by Howse Michael of 10000 shares of Summit Wireless subject to Rule 16b-3
Wilson Wendy over two months ago via Macroaxis 
Acquisition by Wilson Wendy of 10000 shares of Summit Wireless subject to Rule 16b-3
Tobias Robert over three months ago via Macroaxis 
Acquisition by Tobias Robert of 10000 shares of Summit Wireless subject to Rule 16b-3
Peruvemba Sriram Krishnamurthy over three months ago via Macroaxis 
Acquisition by Peruvemba Sriram Krishnamurthy of 10000 shares of Summit Wireless subject to Rule 16b-3
Gazdak Jonathan over three months ago via Macroaxis 
Sale by Gazdak Jonathan of 250 shares of Summit Wireless
Oliva George over three months ago via Macroaxis 
Bona fide gift to Oliva George of 7500 shares of Summit Wireless subject to Section 16
Brett Moyer over six months ago via Macroaxis 
Sale by Brett Moyer of 967 shares of Summit Wireless
Tobias Robert over six months ago via Macroaxis 
Acquisition by Tobias Robert of 10000 shares of Summit Semiconductor subject to Rule 16b-3
Oliva George over six months ago via Macroaxis 
Acquisition by Oliva George of 61824 shares of Summit Semiconductor subject to Rule 16b-3
Tobias Robert over a year ago via Macroaxis 
Acquisition by Tobias Robert of 10000 shares of Summit Semiconductor subject to Rule 16b-3
Tobias Robert over a year ago via Macroaxis 
Acquisition by Tobias Robert of 2000 shares of Summit Semiconductor subject to Rule 16b-3
Walsh Lisa J over a year ago via Macroaxis 
Purchase by Walsh Lisa J of 2454 shares of Summit Semiconductor

Summit Wireless Technical and Predictive Indicators

Summit Wireless Forecast Models

Summit Wireless time-series forecasting models is one of many Summit Wireless' stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Summit Wireless' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

About Summit Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Summit Wireless stock is reacting to, or reflecting on a current stock market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Summit shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas, a specific sector, or an individual stock such as Summit Wireless. By using and applying Summit Stock analysis, traders can create a robust methodology for identifying Summit entry and exit points for their positions.
Summit Wireless Technologies, Inc., a technology company, develops, manufactures, and sells modules and integrated circuits for home entertainment and wireless audio market in the United States, Europe, and the Asia Pacific. Summit Semiconductor, Inc. was incorporated in 2010 and is headquartered in San Jose, California. Summit Wireless operates under Semiconductors classification in the United States and is traded on NASDAQ Exchange. It employs people.

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As an investor, your ultimate goal is to build wealth. Optimizing your investment portfolio is an essential element in this goal. Using our stock analysis tools, you can find out how much better you can do when adding Summit Wireless to your portfolios without increasing risk or reducing expected return.

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Check out Your Current Watchlist. Note that the Summit Wireless Tech information on this page should be used as a complementary analysis to other Summit Wireless' 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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

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When running Summit Wireless Tech price analysis, check to measure Summit Wireless' 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 Summit Wireless is operating at the current time. Most of Summit Wireless' value examination focuses on studying past and present price action to predict the probability of Summit Wireless' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Summit Wireless' price. Additionally, you may evaluate how the addition of Summit Wireless to your portfolios can decrease your overall portfolio volatility.
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The market value of Summit Wireless Tech is measured differently than its book value, which is the value of Summit that is recorded on the company's balance sheet. Investors also form their own opinion of Summit Wireless' value that differs from its market value or its book value, called intrinsic value, which is Summit Wireless' 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 Summit Wireless' market value can be influenced by many factors that don't directly affect Summit Wireless Tech underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Summit Wireless' value and its price as these two are different measures arrived at by different means. Investors typically determine Summit Wireless value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Summit Wireless' 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.