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Upturn AI SWOT - About
Wearable Devices Ltd. (WLDS)
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Upturn Advisory Summary
03/26/2025: WLDS (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit -29.32% | Avg. Invested days 35 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 03/26/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 2.06M USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) 53900 | Beta 2.61 | 52 Weeks Range 1.65 - 54.40 | Updated Date 04/22/2025 |
52 Weeks Range 1.65 - 54.40 | Updated Date 04/22/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -24.2 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) -2811.72% |
Management Effectiveness
Return on Assets (TTM) -72.05% | Return on Equity (TTM) -167.89% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value -811040 | Price to Sales(TTM) 3.94 |
Enterprise Value -811040 | Price to Sales(TTM) 3.94 | ||
Enterprise Value to Revenue 15.73 | Enterprise Value to EBITDA -0.75 | Shares Outstanding 1028980 | Shares Floating 888051 |
Shares Outstanding 1028980 | Shares Floating 888051 | ||
Percent Insiders 5.58 | Percent Institutions 6.54 |
Analyst Ratings
Rating - | Target Price - | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Wearable Devices Ltd.
Company Overview
History and Background
Wearable Devices Ltd. (WLDS) develops non-invasive neural input technology, focusing on gesture recognition and human-machine interface solutions. Founded in 2014, it evolved from focusing on general wearable technology to specialized neural input solutions.
Core Business Areas
- Neural Input Technology: Development and licensing of proprietary neural interface technology for gesture recognition and control, primarily focused on the 'Mudra' platform.
Leadership and Structure
Asaf Harel serves as the Chief Executive Officer. The company operates with a small team focused on research and development, engineering, and marketing.
Top Products and Market Share
Key Offerings
- Mudra Band: An aftermarket Apple Watch band that utilizes Surface Nerve Conductance (SNC) sensors to enable gesture control and advanced user interaction. Market share is difficult to determine as it is a niche product but competitors include Myo (discontinued) and similar EMG-based control devices. Revenue generation for this product is modest (estimated <$1 million USD annually based on company reports) through direct sales channels such as Amazon. Competitors include companies such as CTRL-Labs (acquired by Facebook/Meta), Thalmic Labs, and Sixth Sense.
Market Dynamics
Industry Overview
The market for neural interface technology is nascent but growing, driven by increasing demand for intuitive and hands-free control across various applications including VR/AR, medical devices, and robotics. Significant investment in this field is being made by tech giants and startups alike.
Positioning
Wearable Devices Ltd. positions itself as a provider of advanced gesture recognition technology targeting niche applications such as enhancing Apple Watch functionality. Their competitive advantage lies in their proprietary SNC sensor technology which offers advantages in terms of user comfort and accuracy.
Total Addressable Market (TAM)
The overall market for gesture recognition and neural interfaces is projected to reach billions of dollars in the coming years. Specifics are difficult to pin down due to varying forecasts. Wearable Devices Ltd.'s TAM is focused on segments within this broader market, estimated at $1 Billion. They are positioning to have a foothold here.
Upturn SWOT Analysis
Strengths
- Proprietary SNC sensor technology
- Potential for partnerships and licensing agreements
- Early mover advantage in niche market segment
Weaknesses
- Limited financial resources
- Small team size
- Dependence on single product (Mudra Band)
- Lack of significant market traction to date
Opportunities
- Expanding applications to VR/AR and medical devices
- Securing partnerships with larger tech companies
- Developing new products based on SNC technology
- Increase marketing and sales in niche sectors
Threats
- Competition from larger companies with greater resources
- Technological obsolescence
- Market acceptance challenges
- Regulatory hurdles
Competitors and Market Share
Key Competitors
- AAPL
- META
- GOOG
Competitive Landscape
Wearable Devices Ltd. faces intense competition from much larger, well-funded companies. Their competitive advantage lies in their specific SNC sensor technology and niche targeting of Apple Watch users, but their overall market position is weak.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Limited historical growth.
Future Projections: Future projections are uncertain due to the company's limited financial resources and competitive landscape. Analyst estimates are limited or unavailable.
Recent Initiatives: Focus on expanding partnerships and licensing their SNC technology.
Summary
Wearable Devices Ltd. is a small company developing promising technology with a high degree of risk. They are struggling to scale sales of its existing product. They need to secure partnerships and generate substantial revenue to remain viable. Further investment is needed.
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META
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Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings
- Press Releases
- Market Research Reports
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. The information provided is based on publicly available data and may not be complete or accurate.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Wearable Devices Ltd.
Exchange NASDAQ | Headquaters - | ||
IPO Launch date 2022-09-13 | Co-Founder, Chairman & CEO Mr. Asher Dahan | ||
Sector Technology | Industry Consumer Electronics | Full time employees 25 | Website https://wearabledevices.co.il |
Full time employees 25 | Website https://wearabledevices.co.il | ||
Wearable Devices Ltd. engages in the development of a non-invasive neural input interface for controlling digital devices using subtle touchless finger movements. The company offers Mudra development kits that enable users to control digital devices, including consumer electronics, smart watches, smartphones, augmented reality glasses, virtual reality headsets, televisions, personal and laptop computers, drones, robots, and others through finger movements and hand gestures; and SNC sensor module, an operating system software and algorithm software package. It also provides Mudra Band, a neural input wristband, which allows users to control Apple ecosystem devices, including iPhone, Mac computer, Apple TV, and iPad using subtle touchless finger movements and gestures; and Mudra Link, a universal gesture control neural wristband wearable that allows users to control any Bluetooth compatible device regardless of the operating system. The company serves consumer electronics companies, consumer electronics brands, industrial manufacturing companies, IT and software solutions providers, software development studios, and academic institutions. The company was incorporated in 2014 and is headquartered in Yokneam Illit, Israel.
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