Streetbeat News

WISA

WiSA Technologies, Inc.

https://www.wisatechnologies.com

Industry

Semiconductors

WiSA Technologies, Inc. develops, manufactures, and sells audio wireless technology for smart devices and next-generation home entertainment systems in the United States, Europe, and internationally. The company offers wireless modules. It serves primarily to consumer electronics companies. The company was formerly known as Summit Wireless Technologies, Inc. and changed its name to WiSA Technologies Inc. in March 2022. WiSA Technologies, Inc. was incorporated in 2010 and is headquartered in Beaverton, Oregon.

Open

1.97

Mkt cap

16M

Volume

1.5M

High

2.18

P/E Ratio

N/A

52-wk high

37.50

Low

1.88

Div yield

N/A

52-wk low

1.15

GitLab shares rose 17% after strong Q2 results and positive FY25 guidance, with Baird raising its price target. Zscaler shares fell 17% post-Q4 earnings, with lowered price targets from Needham and Baird. WiSA Technologies shares surged 75% after acquiring Datavault's assets for $210 million.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 12:24 pm

WiSA Technologies' shares rose following their announcement of a $210 million asset purchase agreement to acquire Datavault's intellectual property and IT assets.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 12:04 pm

WiSA Technologies, Inc. (NASDAQ:WISA) shares surged premarket after announcing a $210 million acquisition of Datavault's intellectual property and IT assets. The deal involves $200 million in restricted stock and a $10 million promissory note. The acquisition aims to enhance WiSA's offerings in Web 3.0 and blockchain data monetization. The transaction is expected to close by December 31, 2024, pending approvals.

Portfolio Pulse from Lekha Gupta

September 04, 2024 | 10:45 am

GitLab shares surged 17% in pre-market trading after reporting better-than-expected Q2 earnings and issuing strong FY25 guidance. Other notable pre-market movers include WiSA Technologies, Conifer Holdings, and Atara Biotherapeutics among gainers, while Athira Pharma and Zscaler saw significant declines.

Portfolio Pulse from Avi Kapoor

September 04, 2024 | 10:39 am

WiSA Technologies (NASDAQ:WISA) plans to acquire Datavault assets for $210M, enhancing its Web 3.0 and sound transmission solutions. The deal involves issuing 40 million shares and a $10M note, with closing expected by December 31, 2024. This acquisition aims to expand WiSA's offerings in data and acoustic sciences.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 8:09 am

Ascendiant Capital has maintained a Buy rating on WiSA Technologies but lowered the price target from $18 to $14.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 10:16 am

Shares of chip stocks are trading lower amid overall market weakness, with recent earnings from large names in the sector potentially contributing to the decline.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 6:00 pm

WiSA Technologies' subsidiary has executed licensing agreements with leading HDTV brands, covering 43% of the HDTV market that uses the Android operating system.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 10:05 am

WiSA Technologies has regained compliance with Nasdaq's listing requirements, ensuring its continued presence on the exchange.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 12:06 pm

The article highlights the intraday movements of 12 information technology stocks on Friday. Notable gainers include Presto Automation, SMX, Wetouch Technology, Soluna Holdings, WiSA Technologies, and Brand Engagement Network. Significant losers include Actelis Networks, MicroAlgo, Gorilla Tech, Semtech, Rubicon Technologies, and XTI Aerospace.

Portfolio Pulse from Benzinga Insights

June 07, 2024 | 4:30 pm

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