In a report released yesterday, Jack Vander Aarde from Maxim Group reiterated a Buy rating on WiSA Technologies, Inc. (WISA – Research Report), with a price target of $4.00. The company’s shares opened today at $0.98.
According to TipRanks, Vander Aarde is a 5-star analyst with an average return of 20.1% and a 32.44% success rate. Vander Aarde covers the Technology sector, focusing on stocks such as Siyata Mobile, WiSA Technologies, Inc., and Inuvo.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for WiSA Technologies, Inc. with a $4.00 average price target.
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WISA market cap is currently $6.71M and has a P/E ratio of -0.03.
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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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