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

Wearable Devices (NASDAQ:WLDS) was upgraded by Wall Street Zen to a “hold” rating in a research note issued on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Wearable Devices in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Wearable Devices Stock Performance

Wearable Devices stock opened at $2.59 on Friday. The firm has a 50-day moving average of $2.32 and a 200-day moving average of $3.79. Wearable Devices has a one year low of $1.30 and a one year high of $102.60.

Hedge Funds Weigh In On Wearable Devices

A hedge fund recently bought a new position in Wearable Devices stock. Armistice Capital LLC purchased a new position in shares of Wearable Devices Ltd. (NASDAQ:WLDS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 376,202 shares of the company’s stock, valued at approximately $429,000. Armistice Capital LLC owned approximately 6.31% of Wearable Devices at the end of the most recent quarter. 0.24% of the stock is owned by institutional investors and hedge funds.

About Wearable Devices

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.