Wearable Devices (NASDAQ:WLDS) Stock Price Down 0.9% – Should You Sell?

Wearable Devices Ltd. (NASDAQ:WLDS) traded down 0.9% during trading on Thursday . The company traded as low as $1.11 and last traded at $1.13. 158,077 shares were traded during trading, a decline of 53% from the average session volume of 336,081 shares. The stock had previously closed at $1.14.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on WLDS shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Wearable Devices in a report on Monday, December 22nd. Wall Street Zen raised shares of Wearable Devices to a “sell” rating in a research note on Saturday, October 4th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Wearable Devices has an average rating of “Sell”.

Wearable Devices Stock Down 2.7%

The company has a 50 day moving average of $1.51 and a 200 day moving average of $2.28.

Hedge Funds Weigh In On Wearable Devices

An institutional investor recently raised its position in Wearable Devices stock. Kathmere Capital Management LLC increased its position in shares of Wearable Devices Ltd. (NASDAQ:WLDS) by 42.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 191,300 shares of the company’s stock after acquiring an additional 56,800 shares during the quarter. Kathmere Capital Management LLC owned approximately 3.21% of Wearable Devices worth $218,000 as of its most recent filing with the Securities and Exchange Commission. 0.24% of the stock is owned by hedge funds and other institutional investors.

About Wearable Devices

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.