Wearable Devices (NASDAQ:WLDS) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Wearable Devices (NASDAQ:WLDS) from a strong sell rating to a hold rating in a research note released on Sunday morning.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Wearable Devices in a report on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Wearable Devices currently has a consensus rating of “Sell”.

Wearable Devices Price Performance

Shares of NASDAQ:WLDS opened at $1.40 on Friday. The company has a 50-day moving average price of $2.57 and a 200-day moving average price of $6.38. Wearable Devices has a 12 month low of $1.30 and a 12 month high of $34.20.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Wearable Devices stock. Armistice Capital LLC bought a new position in Wearable Devices Ltd. (NASDAQ:WLDS) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 376,202 shares of the company’s stock, valued at approximately $429,000. Armistice Capital LLC owned 6.31% of Wearable Devices at the end of the most recent quarter. Institutional investors and hedge funds own 0.24% of the company’s stock.

Wearable Devices Company Profile

Wearable Devices Ltd. engages in the development of a non-invasive neural input interface for controlling digital devices using subtle touchless finger movements. The company offers Mudra development kits that enable users to control digital devices, including consumer electronics, smart watches, smartphones, AR glasses, VR headsets, televisions, personal computers and laptop computers, drones, robots, and others through finger movements and hand gestures; and SNC sensor module, an operating system (OS) software package and algorithm package to customers.