Ascendiant Capital Markets Lowers WiSA Technologies (NASDAQ:WISA) Price Target to $14.00

WiSA Technologies (NASDAQ:WISA) had its price target decreased by equities researchers at Ascendiant Capital Markets from $18.00 to $14.00 in a research report issued on Thursday, Marketbeat.com reports. The firm presently has a “buy” rating on the stock.

WiSA Technologies Price Performance

NASDAQ WISA opened at $1.26 on Thursday. The stock has a fifty day moving average of $2.19 and a 200-day moving average of $3.48. WiSA Technologies has a 52 week low of $1.24 and a 52 week high of $129.00.

Institutional Investors Weigh In On WiSA Technologies

A hedge fund recently bought a new stake in WiSA Technologies stock. Anson Funds Management LP bought a new stake in WiSA Technologies, Inc. (NASDAQ:WISA) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 21,323,458 shares of the company’s stock, valued at approximately $448,000. Anson Funds Management LP owned 1,211.56% of WiSA Technologies as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 0.66% of the company’s stock.

About WiSA Technologies

WiSA Technologies, Inc develops, manufactures, and sells audio wireless technology for smart devices and next-generation home entertainment systems in the United States and Europe. The company offers wireless modules. It serves primarily to consumer electronics companies. The company was formerly known as Summit Wireless Technologies, Inc and changed its name to WiSA Technologies Inc in March 2022.