How to buy Summit Wireless Technologies stock

Summit Wireless Technologies, Inc is a semiconductors business based in the US. Summit Wireless Technologies shares (WISA) are listed on the NASDAQ and all prices are listed in US Dollars. Summit Wireless Technologies employs 39 staff and has a trailing 12-month revenue of around 0.00.

Summit Wireless Technologies share price

Use our graph to track the performance of WISA stocks over time.

Summit Wireless Technologies shares at a glance

• Key figures

Information last updated 2021-04-23.

52-week range	$1.73 - $4.89
50-day moving average	$3.11
200-day moving average	$3.07
Wall St. target price	$8.17
PE ratio	0.222
Dividend yield	N/A (0%)
Earnings per share (TTM)	$-2.71

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Is it a good time to buy Summit Wireless Technologies stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Summit Wireless Technologies, Inc by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Is Summit Wireless Technologies under- or over-valued?

Valuing Summit Wireless Technologies stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Summit Wireless Technologies's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Summit Wireless Technologies's P/E ratio

Summit Wireless Technologies's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 0x. In other words, Summit Wireless Technologies shares trade at around 0x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Summit Wireless Technologies financials

Revenue TTM	$2.4 million
Gross profit TTM	$427,000
Return on assets TTM	-90.9%
Return on equity TTM	-281.58%
Profit margin	0%
Book value	$0.87
Market capitalisation	$29.8 million

TTM: trailing 12 months

Shorting Summit Wireless Technologies shares

There are currently 179,414 Summit Wireless Technologies shares held short by investors – that's known as Summit Wireless Technologies's "short interest". This figure is 8.6% down from 196,228 last month.

There are a few different ways that this level of interest in shorting Summit Wireless Technologies shares can be evaluated.

Summit Wireless Technologies's "short interest ratio" (SIR)

Summit Wireless Technologies's "short interest ratio" (SIR) is the quantity of Summit Wireless Technologies shares currently shorted divided by the average quantity of Summit Wireless Technologies shares traded daily (recently around 216161.44578313). Summit Wireless Technologies's SIR currently stands at 0.83. In other words for every 100,000 Summit Wireless Technologies shares traded daily on the market, roughly 830 shares are currently held short.

However Summit Wireless Technologies's short interest can also be evaluated against the total number of Summit Wireless Technologies shares, or, against the total number of tradable Summit Wireless Technologies shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Summit Wireless Technologies's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Summit Wireless Technologies shares in existence, roughly 20 shares are currently held short) or 0.0168% of the tradable shares (for every 100,000 tradable Summit Wireless Technologies shares, roughly 17 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Summit Wireless Technologies.

Find out more about how you can short Summit Wireless Technologies stock.

Summit Wireless Technologies share dividends

We're not expecting Summit Wireless Technologies to pay a dividend over the next 12 months.

Have Summit Wireless Technologies's shares ever split?

Summit Wireless Technologies's shares were split on a 1:20 basis on 8 April 2020. So if you had owned 20 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Summit Wireless Technologies shares – just the quantity. However, indirectly, the new 1900% higher share price could have impacted the market appetite for Summit Wireless Technologies shares which in turn could have impacted Summit Wireless Technologies's share price.

Summit Wireless Technologies share price volatility

Over the last 12 months, Summit Wireless Technologies's shares have ranged in value from as little as $1.73 up to $4.89. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Summit Wireless Technologies's is -0.3262. This would suggest that Summit Wireless Technologies's shares have been inversely-correlated to the average (for this exchange) – so when the broader market trended up or down, Summit Wireless Technologies has bucked the trend.

Summit Wireless Technologies overview

Summit Wireless Technologies, Inc. , a technology company, develops, manufactures, and sells modules and integrated circuits for home entertainment and wireless audio market in the United States, Europe, and the Asia Pacific. It offers TX modules for integration into televisions, audio-visual receivers, media hubs, and USB or HDMI dongles; and speaker systems. The company sells its products directly to original equipment manufacturers. The company was formerly known as Summit Semiconductor, Inc. and changed its name to Summit Wireless Technologies, Inc. in September 2018.

Frequently asked questions

• What percentage of Summit Wireless Technologies is owned by insiders or institutions?

  Currently 16.522% of Summit Wireless Technologies shares are held by insiders and 4.417% by institutions.

• How many people work for Summit Wireless Technologies?

  Latest data suggests 39 work at Summit Wireless Technologies.

• When does the fiscal year end for Summit Wireless Technologies?

  Summit Wireless Technologies's fiscal year ends in December.

• Where is Summit Wireless Technologies based?

  Summit Wireless Technologies's address is: 6840 Via Del Oro, San Jose, CA, United States, 95119

• What is Summit Wireless Technologies's ISIN number?

  Summit Wireless Technologies's international securities identification number is: US86633R2031

• What is Summit Wireless Technologies's CUSIP number?

  Summit Wireless Technologies's Committee on Uniform Securities Identification Procedures number is: 86633R104