Wearable Devices (NASDAQ:WLDS) Raised to “Hold” at Wall Street Zen

Wearable Devices (NASDAQ:WLDS) was upgraded by Wall Street Zen from a “strong sell” rating to a “hold” rating in a report released on Sunday.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Wearable Devices in a report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Wearable Devices Stock Up 1.4%

Wearable Devices stock opened at $1.42 on Friday. The stock’s 50 day moving average is $2.53 and its 200 day moving average is $6.37. Wearable Devices has a one year low of $1.30 and a one year 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 shares of Wearable Devices Ltd. (NASDAQ:WLDS) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 reporting period. 0.24% of the stock is currently owned by institutional investors.

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.