Analysts rate Summit Wireless Technologies Inc.(WISA:NSD) with a Strong Buy

STA Research
by: STA Research
Summit Wireless Technologies stock

 

Based on the Summit Wireless Technologies Inc. stock forecasts from 2 analysts, the average analyst target price for Summit Wireless Technologies Inc. is USD 4.25 over the next 12 months. Summit Wireless Technologies Inc.’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Summit Wireless Technologies Inc. is Slightly Bearish, which is based on 3 positive signals and 5 negative signals. At the last closing, Summit Wireless Technologies Inc.’s stock price was USD 0.70. Summit Wireless Technologies Inc.’s stock price has changed by -0.36% over the past week, -0.51% over the past month and -80.91% over the last year.

Yesterday Maxium Group maintianed Summit Wireless Technologies Inc. with a Buy rating and cut the target price to $3 from $6 on the company’s stock.

WiSA Technologies, Inc. develops, manufactures, and sells audio wireless technology for smart devices and next-generation home entertainment systems. It provides immersive audio for HD movies, videos, music, sports, gaming/esports, and more. WiSA Technologies Inc. was formerly known as Summit Wireless Technologies Inc. WiSA Technologies is based in Beaverton, Oregon.

 

What we like:

Underpriced compared to earnings

The stock is trading low compared to its peers on a price to earning basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Underpriced compared to book value

The stock is trading low compared to its peers on a price-to-book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Superior Revenue Growth

This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.

 

What we don’t like:

Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.

Poor risk-adjusted returns

This company is delivering below median risk-adjusted returns to its peers. Even if it is outperforming on returns, the returns are unpredictable. Proceed with caution.

High volatility

The total returns for this company are volatile and above the median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Negative cash flow

The company had negative total cash flow in the most recent four quarters.

Low Earnings Growth

This stock has shown below median earnings growth in the previous 5 years compared to its sector.

 

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