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Wearable Devices Ltd. (WLDS)
NASDAQ:WLDS
RESEARCH TOOLSreports
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Wearable Devices Ltd.
(NASDAQ:WLDS)
35Underperform
Wearable Devices Ltd. (WLDS) vs. S&P 500 (SPY)
Market Cap
$2.13M
Dividend YieldN/A
Average Volume (3M)295.31K
Price to Earnings (P/E)―
Beta (1Y)1.22
Revenue Growth1500.00%
EPS Growth60.46%
CountryUS
Employees39
SectorTechnology
Sector Strength45
IndustryHardware & Equipment
Share Statistics
EPS (TTM)-4.36
Shares Outstanding3,486,854
10 Day Avg. Volume82,765
30 Day Avg. Volume295,313
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)2.53
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Wearable Devices Ltd. Business Overview & Revenue Model
Company DescriptionWearable Devices Ltd. (WLDS) is a technology company specializing in the development and commercialization of innovative wearable technology products. The company operates in the consumer electronics and health technology sectors, offering a range of smart wearable devices designed to enhance user interaction and connectivity. Their core products include advanced wearable wristbands and smartwatches that integrate seamlessly with other digital devices to provide real-time data and personalized user experiences.
How the Company Makes MoneyWearable Devices Ltd. generates revenue primarily through the sale of its wearable technology products. The company sells its products directly to consumers via e-commerce platforms and through retail partnerships with electronics stores and distributors. Additionally, WLDS may engage in licensing agreements with other technology companies, allowing them to incorporate the company's proprietary technology into their own products, generating licensing fees. Strategic partnerships with health and fitness companies can also contribute to revenue by integrating WLDS's technology into health monitoring and fitness tracking solutions, expanding their market reach and product offerings.
Wearable Devices Ltd. Financial Statement Overview
Summary
Wearable Devices Ltd. is facing significant financial difficulties, characterized by persistent losses and negative cash flows, despite revenue growth. The company has low leverage, which is a positive aspect, but the declining equity and poor profitability metrics highlight the need for strategic improvements.Income Statement
Wearable Devices Ltd. has consistently struggled with profitability, evident from its negative net profit margin and EBIT margin, which worsened from 2022 to 2023. Although there was a significant improvement in revenue growth of 82% from 2022 to 2023, the gross profit margin remains low. The company's negative earnings indicate challenges in managing costs relative to revenues.30
Negative
Balance Sheet
The balance sheet shows moderate strength with a positive equity ratio of 72.77% in 2023, suggesting a reliance on equity financing. The debt-to-equity ratio is low at 0.10, indicating limited leverage. However, the decline in stockholders' equity from 2022 to 2023 signifies potential financial stress. The return on equity remains negative due to substantial net losses.35
Negative
Cash Flow
Cash flow analysis reveals substantial negative free cash flow growth, worsening from 2022 to 2023. The operating cash flow to net income ratio highlights inefficiencies in converting sales to cash. Despite receiving financing cash flows, the company's operational cash outflows remain high, indicating cash management challenges.25
Negative
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 464.00K | 82.00K | 45.00K | 142.00K | 57.00K | 242.00K | Gross Profit |
| 90.00K | 20.00K | 19.67K | 126.50K | 48.00K | 221.00K | EBIT |
| -8.35M | -8.19M | -5.55M | -2.57M | -1.16M | -949.00K | EBITDA |
| -8.25M | -8.12M | -6.43M | -2.60M | -1.15M | -942.00K | Net Income Common Stockholders |
| -8.13M | -7.81M | -6.50M | -2.61M | -1.26M | -1.00M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 475.00K | 4.86M | 10.37M | 1.27M | 475.00K | 1.58M | Total Assets |
| 593.00K | 7.59M | 11.22M | 1.45M | 593.00K | 1.60M | Total Debt |
| 3.05M | 575.00K | 162.00K | 0.00 | 3.05M | 3.00M | Net Debt |
| 2.58M | -235.00K | -10.21M | -1.27M | 2.58M | 1.42M | Total Liabilities |
| 3.47M | 2.07M | 1.24M | 638.00K | 3.47M | 3.30M | Stockholders Equity |
| -2.88M | 5.53M | 9.98M | 807.00K | -2.88M | -1.70M |
| Cash Flow | Free Cash Flow | ||||
| -8.71M | -8.63M | -5.76M | -2.14M | -1.10M | -482.00K | Operating Cash Flow |
| -8.58M | -8.43M | -5.71M | -2.10M | -1.09M | -481.00K | Investing Cash Flow |
| 1.87M | -4.25M | -66.00K | -36.00K | -16.00K | -1.00K | Financing Cash Flow |
| 3.86M | 3.12M | 14.88M | 2.94M | 0.00 | 1.90M |
Wearable Devices Ltd. Technical Analysis
Negative
0.62
Price Trends
1.17
Negative
1.75
Negative
4.67
Negative
Market Momentum
-0.14
Negative
29.76
Positive
11.89
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WLDS, the sentiment is Negative. The current price of 0.62 is below the 20-day moving average (MA) of 0.80, below the 50-day MA of 1.17, and below the 200-day MA of 4.67, indicating a bearish trend. The MACD of -0.14 indicates Negative momentum. The RSI at 29.76 is Positive, neither overbought nor oversold. The STOCH value of 11.89 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for WLDS.
Wearable Devices Ltd. Peers Comparison
Overall Rating
UnderperformOutperform
Sector (58)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | $41.02B | 29.20 | 19.00% | 1.40% | 20.44% | 9.05% | |
81 Outperform | $2.83T | 30.64 | 34.29% | 0.83% | 15.04% | 12.38% | |
74 Outperform | $3.32T | 35.11 | 136.52% | 0.45% | 2.61% | -2.14% | |
74 Outperform | $2.01T | 20.62 | 32.91% | 0.36% | 13.89% | 38.99% | |
68 Neutral | $109.71B | 22.91 | 34.67% | 2.04% | -4.77% | -5.99% | |
58 Neutral | $21.35B | 9.96 | -19.72% | 2.38% | 5.03% | -22.83% | |
35 Underperform | $2.13M | ― | -174.12% | ― | 1500.00% | 60.46% |
* Technology Sector Average
Performance Comparison
WLDS
Wearable Devices Ltd.
0.61
-8.39
-93.22%
AAPL
Apple
216.98
46.66
27.40%
GRMN
Garmin
215.61
69.80
47.87%
GOOGL
Alphabet Class A
167.11
27.99
20.12%
MSFT
Microsoft
383.27
-28.68
-6.96%
NKE
Nike
73.58
-25.92
-26.05%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.