Maxim Group Remains a Buy on WiSA Technologies, Inc. (WISA)

Maxim Group analyst Jack Vander Aarde reiterated a Buy rating on WiSA Technologies, Inc. (WISAResearch Report) yesterday. The company’s shares closed yesterday at $2.32.

According to TipRanks, Vander Aarde is a 5-star analyst with an average return of 29.2% and a 36.64% success rate. Vander Aarde covers the Technology sector, focusing on stocks such as WiSA Technologies, Inc., Avid Technology, and Sonic Foundry.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for WiSA Technologies, Inc. with a $5.00 average price target, representing an 115.52% upside. In a report released yesterday, H.C. Wainwright also reiterated a Buy rating on the stock with a $5.00 price target.

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Based on WiSA Technologies, Inc.’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $937 thousand and a GAAP net loss of $4.65 million. In comparison, last year the company earned a revenue of $1.81 million and had a GAAP net loss of $2.06 million

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Summit Wireless Technologies, Inc. engages in the manufacture of wireless audio products. It offers semiconductors and wireless modules to consumer electronics companies and also focuses on implementing software licensing business segment. Its products include Summit TX-SD, Summit RX-SD, TX Dev Kit, RX Dev Kit, @RX control board, 30 Watt Amp, DAC board and USB TX. The company was founded on July 23, 2010 and is headquartered in San Jose, CA.

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