Stock market volatility is back after many months of placid trading. Only time will tell whether this is a dip or a correction. Regardless of the outcome, investors should use this as an…
opportunity to go through their portfolios and look for stocks with deteriorating fundamentals and technicals.
The POWR Ratings are one tool that can help you achieve this objective. Let’s take a closer look at three of the latest POWR Ratings downgrades: Summit Wireless Technologies (WISA), US Gold Corp (USAU), and UiPath (PATH).
WISA, a provider of wireless immersive sound technology for smart devices and home entertainment systems, provides some of the best audio in the world. The bulk of WISA’s operations are in Asia though the company is based in lovely San Jose, California.
WISA is currently trading at $3.53. The stock’s 52-week high is $5.63. WISA’s 52-week low is $1.72.
WISA has an F POWR Rating grade with Fs in the Quality and Stability components of the POWR Ratings. WISA has a C grade in the Momentum and Sentiment components of the POWR Ratings. Click here to find out more about how WISA fares in the rest of the POWR Ratings components such as Value and Growth.
Of the 45 stocks in the Technology – Hardware space, only three are ranked worse than WISA. You can learn more about the publicly traded companies in the Technology – Hardware space by clicking here.
WISA had a ’20 price return of -70%. The stock currently has a one-month price return of -12%.
This publicly-traded gold exploration business is primarily focused on finding precious metals in the United States. The company has an expansive portfolio of properties that contain gold and other precious metals.
USAU has a beta of 2.01. This figure indicates USAU will…
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