Wearable Devices Stock Scheduled to Reverse Split on Monday, June 22nd (NASDAQ:WLDS)

Wearable Devices Ltd. (NASDAQ:WLDS) shares are scheduled to reverse split before the market opens on Monday, June 22nd. The 1-3 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, June 21st.

Wearable Devices Price Performance

WLDS stock opened at $0.85 on Thursday. Wearable Devices has a one year low of $0.73 and a one year high of $34.20. The company’s 50 day moving average price is $1.04 and its two-hundred day moving average price is $2.37.

Wall Street Analyst Weigh In

Several research analysts have commented on WLDS shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Wearable Devices in a research note on Friday, March 27th. Wall Street Zen raised shares of Wearable Devices from a “strong sell” rating to a “hold” rating in a research note on Sunday, March 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Wearable Devices stock. Kathmere Capital Management LLC increased its position in Wearable Devices Ltd. (NASDAQ:WLDS) by 42.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 191,300 shares of the company’s stock after buying an additional 56,800 shares during the quarter. Kathmere Capital Management LLC owned 3.21% of Wearable Devices worth $218,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 0.24% of the company’s stock.

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.