Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Wearable Devices Ltd before investing.

In this article, we go over a few key elements for understanding Wearable Devices Ltd’s stock price such as:

• Wearable Devices Ltd’s current stock price and volume
• Why Wearable Devices Ltd’s stock price changed recently
• Upgrades and downgrades for WLDS from analysts
• WLDS’s stock price momentum as measured by its relative strength

About Wearable Devices Ltd (WLDS)

Before we jump into Wearable Devices Ltd’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

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. It also provides Mudra Band, a neural input wristband, which allows users to control Apple ecosystem devices, including iPhone, Mac computer, Apple TV, and iPad using subtle touchless finger movements and gestures; and Mudra XR wristband, a wearable controller for smart glasses and spatial computing that supports hands-free interaction. The company serves consumer electronics companies and brands, industrial manufacturing companies, information technology and software solutions providers, software development studios, academia and research universities, and B2C market. Wearable Devices Ltd. was incorporated in 2014 and is headquartered in Yokneam Illit, Israel.

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Wearable Devices Ltd’s Stock Price as of Market Close

As of October 10, 2024, 4:00 PM, CST, Wearable Devices Ltd’s stock price was $4.15.

Wearable Devices Ltd is up 1712.23% from its previous closing price of $0.23.

During the last market session, Wearable Devices Ltd’s stock traded between $0.22 and $0.26. Currently, there are 1.02 million shares of Wearable Devices Ltd stock available for purchase.

Unfortunately, Wearable Devices Ltd’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Wearable Devices Ltd Stock Price History

Wearable Devices Ltd’s (WLDS) price is currently down 10.52% so far this month.

During the month of October, Wearable Devices Ltd’s stock price has reached a high of $4.38 and a low of $0.20.

Over the last year, Wearable Devices Ltd has hit prices as high as $22.58 and as low as $3.90. Year to date, Wearable Devices Ltd’s stock is down 52.45%.

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What Caused Wearable Devices Ltd Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of October 09, 2024, there were analysts who downgraded Wearable Devices Ltd’s stock and analysts who upgraded over the last month.

Additionally, you'll want to evaluate Wearable Devices Ltd’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Wearable Devices Ltd’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Wearable Devices Ltd’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Wearable Devices Ltd (WLDS) by visiting AAII Stock Evaluator.

Relative Price Strength of Wearable Devices Ltd

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of October 09, 2024, Wearable Devices Ltd has a weighted four-quarter relative price strength of -30.50%, which translates to a Momentum Score of 6 and is considered to be Very Weak.

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Wearable Devices Ltd Stock Price: Bottom Line

As of October 10, 2024, Wearable Devices Ltd’s stock price is $4.15, which is up 1712.23% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Wearable Devices Ltd stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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