
WISA Stock Forecast & Price Target
WISA Analyst Ratings
Bulls say
WiSA Technologies Inc. is poised for significant growth driven by its recent acquisition of Data Vault, which is anticipated to enhance valuations and expand market opportunities. The company reported an impressive 240% sequential revenue growth, fueled by the production of WiSA HT and the introduction of its WiSA E IP with a multi-national licensee, indicating strong demand for its innovative wireless sound technology. Additionally, the ongoing development and licensing of WiSA E software aim to create cost-effective wireless interoperability for consumer electronics, suggesting a favorable trajectory for future revenue generation and market share expansion.
Bears say
WiSA Technologies Inc. has experienced a significant decline in demand, evidenced by a 19% year-over-year drop in Q2 revenues, which totaled $0.3 million, falling short of both internal and market expectations. The company has revised its 2024 revenue projections downward to $1.9 million from an earlier estimate of $3.0 million, indicating serious challenges in maintaining sales momentum and profitability. Additionally, the adjustment of earnings per share (EPS) forecasts reflects a worsening financial outlook, with estimates moving from $(2.69) to $(13.48), underscoring the ongoing struggles within the consumer electronics market.
This aggregate rating is based on analysts' research of Summit Wireless Technologies Inc and is not a guaranteed prediction by Public.com or investment advice.
WISA Analyst Forecast & Price Prediction
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