Maxim Group analyst Jack Vander Aarde reiterated a Buy rating on WiSA Technologies, Inc. (WISA – Research Report) yesterday and set a price target of $2.00. The company’s shares closed yesterday at $0.67.
Vander Aarde covers the Technology sector, focusing on stocks such as Sonic Foundry, Avid Technology, and Inuvo. According to TipRanks, Vander Aarde has an average return of 36.9% and a 41.12% success rate on recommended stocks.
Currently, the analyst consensus on WiSA Technologies, Inc. is a Moderate Buy with an average price target of $2.00, implying a 199.85% upside from current levels. In a report released on August 16, H.C. Wainwright also reiterated a Buy rating on the stock with a $2.00 price target.
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The company has a one-year high of $3.46 and a one-year low of $0.55. Currently, WiSA Technologies, Inc. has an average volume of 96.46K.
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Summit Wireless Technologies, Inc. engages in the manufacture of wireless audio products. It offers semiconductors and wireless modules to consumer electronics companies and also focuses on implementing software licensing business segment. Its products include Summit TX-SD, Summit RX-SD, TX Dev Kit, RX Dev Kit, @RX control board, 30 Watt Amp, DAC board and USB TX. The company was founded on July 23, 2010 and is headquartered in San Jose, CA.
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