What Is The Cause Of The Low Trading Price Of Nasdaq Wise?

What Is The Cause Of The Low Trading Price Of Nasdaq Wise?

About NASDAQ

NASDAQ is a stock exchange market from New York Also known as the NASDAQ stock exchange. It is a stock exchange market from America that is ranked second just after the NYSE (The New York Stock Exchange). This market is owned by Nasdaq Inc. that is the owner of the Nasdaq Nordic. There are many other stock exchanges owned by Nasdaq.

It is a short form for National Association of Securities Dealers Automated Quotations. Founded in 1971, it has become more of a stock market due to the volume of trade going on here. National Association of Securities Dealers (NASD) founded it and NASD is now known as Finance Industry Regulatory Authority (FINRA).

It is not easy for stocks to secure a place in Nasdaq. Not every stock can do so. But NASDAQ: WISA at https://www.webull.com/quote/nasdaq-wisa has a high stock volume and has secured its place in the Nasdaq stocks for long.

NASDAQ: WISA

WISA is the stock name for Summit Wireless Technologies. Earlier, it was known as Summit Semiconductors. It was an early-stage company that is now developed and is currently selling wireless integrated audio circuits for the professional audio market as well as home entertainment. This company provides semiconductors and some wireless audio modules to electronics companies, that are used to receive and transmit audio directly to speakers. Their focus is to provide interference-free and wireless high-definition signals without any kind of compression. Some of its subsidiaries are WiSA, Summit Semiconductor K.K., etc.

Stock

The average stock price for NASDAQ: WISA is 15.00 with a high estimation as well as the low estimation of 15.0. The stock price has been low for a long time and the volume of the stock is also not very high.

Why is Summit Wireless trading low nowadays?

After the company had announced a 2.04 million common stock shares offering at a $2.61 price per share, the shares have been trading low. The company is integrated into decode sources of audio such as soundbars, AV receivers, set-top boxes, digital TVs, etc.

The company was trading down in its shares by 19.33% at $2.42. The 52-week high for the stock is $27 and the 52-week low is %2.16.

Summit Wireless announced the pricing of $5.3 Million direct offering priced (Registered) at-the-market

The Summit Wireless, a leading producer of wireless sound technologies, for next-gen intelligent devices and home entertainment systems announced that it has entered into a security purchase agreement with investors that it’ll be purchasing approx. $5.3 million direct offering priced (Registered) at-the-market under the Nasdaq rules and the warrants were to purchase common stocks in a private placement.  You can check more stock news at the trade desk stock.Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.

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