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

Wearable Devices (NASDAQ:WLDS) was upgraded by equities researchers at Wall Street Zen from a “strong sell” rating to a “hold” rating in a research note issued to investors on Sunday.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Wearable Devices in a report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Wearable Devices Price Performance

Shares of Wearable Devices stock opened at $1.40 on Friday. Wearable Devices has a 52 week low of $1.30 and a 52 week high of $34.20. The stock has a 50 day moving average price of $2.57 and a two-hundred day moving average price of $6.36.

Hedge Funds Weigh In On Wearable Devices

An institutional investor recently raised its position in Wearable Devices stock. Kathmere Capital Management LLC raised its stake in shares of Wearable Devices Ltd. (NASDAQ:WLDS) by 42.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 191,300 shares of the company’s stock after purchasing an additional 56,800 shares during the period. Kathmere Capital Management LLC owned approximately 3.21% of Wearable Devices worth $218,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 0.24% of the company’s stock.

Wearable Devices Company Profile

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.