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Wearable Devices Ltd. (NASDAQ:WLDS) shares are trading higher Monday after the company published a report by its extended reality (XR) team reviewing the latest developments in the wearable technology market.
The Details:
The report highlighted the growing smart glasses market, accelerated by the entrance of major players such as Meta and Apple. The report also detailed Wearable Devices' Mudra Band’s UX approach and gesture set, affirming its effectiveness as the optimal standard for XR input methods.
Wearable Devices shares are moving on heavy trading volume as investors digest the report. According to data from Benzinga Pro, more than 30 million shares have already been traded in the session, compared to the stock’s 100-day average of less than 692,000 shares.
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An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages – like Wearable Devices‘s page for example – there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.
These are known as capital allocation programs. Wearable Devices does not pay a dividend, but obviously has a few ways it can return value to shareholders. Feel free to search Benzinga's dividend calendar for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.
Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on Wearable Devices will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.
WLDS Price Action: According to Benzinga Pro, Wearable Devices shares are up 20.7% at 55 cents at the time of publication.
Image: Melissa from Pixabay
Posted In: WLDS
