WaveDancer Inc (NASDAQ: WAVD) stock jumped 2.15% on Friday to $2.85 against a previous-day closing price of $2.79. With 0.86 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.41 million shares. During the session, the Information Technology Services company that operates in wider Technology sector, reached to the highest price of $2.8700 whereas the lowest price it dropped to was $2.5100. The 52-week range on WAVD shows that it touched its highest point at $14.30 and its lowest point at $1.10 during that stretch. Beta for the stock currently stands at 3.10.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WAVD was up-trending over the past week, with a rise of 122.66%, but this was down by -13.64% over a month. Three-month performance dropped to -40.50% while six-month performance fell -25.00%. The stock lost -62.01% in the past year, while it has lost -40.61% so far this year.
Float and Shares Shorts:
At present, 1.92 million WAVD shares are outstanding with a float of 1.68 million shares on hand for trading. On Oct 30, 2023, short shares totaled 13670.0, which was 0.70% higher than short shares on Sep 28, 2023. In addition to Mr. G. James Benoit Jr. as the firm’s Chairman & CEO, Mr. Timothy G. Hannon serves as its Chief Financial Officer.
Institutional Ownership:
Other institutions hold 107.33% of WAVD, in contrast to 1.61% held by mutual funds. Shares owned by individuals account for 0.75%. As the largest shareholder in WAVD with 0.64% of the stake, Lafayette Investments, Inc. holds 12,480 shares worth 12,480. A second-largest stockholder of WAVD, Geode Capital Management LLC, holds 11,655 shares, controlling over 0.60% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in WAVD, holding 3,892 shares or 0.20% stake. With a 0.41% stake in WAVD, the Fidelity Extended Market Index Fu is the largest stakeholder. A total of 7,930 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 0.22% of WAVD stock, is the second-largest Mutual Fund holder. It holds 4,192 shares valued at 6875.0. Fidelity Total Market Index Fund holds 0.06% of the stake in WAVD, owning 1,144 shares worth 1876.0.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WAVD since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
Summary of Insider Activity:
Insiders traded WAVD stock several times over the past three months with 1 Buys and 0 Sells. In these transactions, 350,000 shares were bought while 0 shares were sold. The number of buy transactions has increased to 46 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 425,000 while 0 shares were sold.
