NEW YORK, July 24, 2026, 07:07 EDT — Shares in Wearable Devices Ltd. NASDAQ:WLDS surged as trading volume surpassed the total share count by a factor of 11.
- Shares ended Thursday at $2.23 with a 50.7% gain, and were trading at $2.77 ahead of Friday’s market open.
- Thursday saw trading volume reach 25.08 million, matching 11.5 times the share count after the split.
- An initial estimate based on filings shows April warrants total 1.69 million shares with an adjusted strike price of $4.53.
Shares of Wearable Devices Ltd. NASDAQ:WLDS changed hands over 11 times their post-split share total on Thursday. The stock finished up 50.7% at $2.23.
The surge continued ahead of Friday’s market open. Shares were priced at $2.77 as of 7:06 a.m. EDT, an increase of 24.2%. The Nasdaq’s standard trading hours did not begin until 9:30 a.m.
Premarket trading volume stood at 6.41 million shares, amounting to 2.9 times the total number of shares outstanding.
The public feeds checked did not include new operating updates alongside the move. The most recent company announcement remains a white paper on neural sensing published on June 23.
Volume measures the number of transactions rather than unique shares, meaning an individual share may trade multiple times. Despite that, the 2.05 million-share float is seeing atypically high activity, reflecting heavy turnover.
WLDS closed at $1.33 on July 17, having climbed 67.7% over the past five sessions. The Nasdaq Composite dropped 2.15% on Thursday.
| Investor measure | Verified figure | Comparison |
|---|---|---|
| Thursday closing price | $2.23, a gain of 50.7% | $1.33 on July 17 |
| Thursday trading volume | 25.08 million | 11.5 times the number of shares outstanding |
| Premarket figure at 7:06 EDT | $2.77; 6.41 million traded | 2.9 times outstanding shares |
| Market capitalization at Thursday’s close | $4.88 million | 0.27 times the cash and deposits at year end |
| April warrants, initial split-adjusted estimate | 1.69 million exercisable at $4.53 | 77% of the current share count |
The balance sheet presents another point of pressure. As of December 31, cash and deposits amounted to $18.4 million, a figure 3.8 times higher than Thursday’s closing equity valuation.
The comparison refers to historical data, not present cash projections. The company’s operations consumed $6.60 million in 2025, followed by a $5 million gross capital raise in April.
Chief Executive Asher Dahan described the year-end position as an “exceptionally strong financial foundation.” The amount does not account for any cash usage in 2026.
In 2025, revenue increased by 23.9% to reach $647,000. The net loss expanded to $8.1 million. On Thursday, the company’s equity was valued at approximately 7.5 times yearly sales.
The April funding round resulted in a significant warrant overhang. Before the reverse split in June, Wearable Devices issued 5.08 million new warrants at $1.51 each.
Following the 1-for-3 split, a filing-based estimate puts the number of warrant shares at 1.69 million with a price of $4.53. This figure represents roughly 77% of the shares currently outstanding.
The total exercise may generate approximately $7.68 million in gross proceeds. However, premarket trading on Friday showed the price still about 39% under the revised strike.
The reverse split in June was intended to restore compliance with Nasdaq’s $1 minimum bid requirement. This move came after a previous 1-for-3 split in March. The company has cautioned that another violation may accelerate delisting procedures.
Risks: With a float of 2.05 million shares, price movements may be amplified. The absence of analyst coverage, ongoing losses, outstanding warrants and multiple reverse splits contribute to heightened financing and listing uncertainty.
Markets begin regular trading at 9:30 a.m. EDT on Friday. The coming week’s focus will be on whether volumes return to usual levels, or if a filing attributes the rally to sales, contracts or new financing.
With no additional disclosure, the action continues to hinge largely on float, cash, and warrants. The operating outlook still relies on converting product interest to revenue.
