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The closing price of Wrap Technologies Inc (NASDAQ: WRAP) was $1.51 for the day, down -9.58% from the previous closing price of $1.67. In other words, the price has decreased by -$9.58 from its previous closing price. On the day, 0.56 million shares were traded. WRAP stock price reached its highest trading level at $1.7 during the session, while it also had its lowest trading level at $1.5026.
Ratios:
Our analysis of WRAP’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.85 and its Current Ratio is at 2.39. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.00.
On May 03, 2021, Ladenburg Thalmann started tracking the stock assigning a Buy rating and target price of $26.50.
On April 15, 2021, Maxim Group started tracking the stock assigning a Buy rating and target price of $11.Maxim Group initiated its Buy rating on April 15, 2021, with a $11 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 30 ’23 when Mullins Kevin W bought 20,000 shares for $1.07 per share. The transaction valued at 21,438 led to the insider holds 246,151 shares of the business.
DeAlmeida Christopher James bought 7,300 shares of WRAP for $7,526 on May 26 ’23. The CHIEF FINANCIAL OFFICER now owns 166,968 shares after completing the transaction at $1.03 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WRAP now has a Market Capitalization of 66763440 and an Enterprise Value of 54086396. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.31 while its Price-to-Book (P/B) ratio in mrq is 3.53. Its current Enterprise Value per Revenue stands at 5.925 whereas that against EBITDA is -3.632.
Stock Price History:
The Beta on a monthly basis for WRAP is 1.52, which has changed by 0.31304348 over the last 52 weeks, in comparison to a change of 0.23568535 over the same period for the S&P500. Over the past 52 weeks, WRAP has reached a high of $7.01, while it has fallen to a 52-week low of $0.95. The 50-Day Moving Average of the stock is -42.53%, while the 200-Day Moving Average is calculated to be -37.92%.
Shares Statistics:
WRAP traded an average of 458.80K shares per day over the past three months and 291820 shares per day over the past ten days. A total of 44.21M shares are outstanding, with a floating share count of 27.97M. Insiders hold about 36.75% of the company’s shares, while institutions hold 8.81% stake in the company. Shares short for WRAP as of 1713139200 were 5958245 with a Short Ratio of 12.99, compared to 1710460800 on 5241337. Therefore, it implies a Short% of Shares Outstanding of 5958245 and a Short% of Float of 18.68.
Earnings Estimates
On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0 and a low estimate of $0, while EPS last year was -$0.13. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 1 analysts. It ranges from a high estimate of $1.61M to a low estimate of $1.61M. As of the current estimate, Wrap Technologies Inc’s year-ago sales were $1.6M
A total of 1 analysts have provided revenue estimates for WRAP’s current fiscal year. The highest revenue estimate was $8.86M, while the lowest revenue estimate was $8.86M, resulting in an average revenue estimate of $8.86M. In the same quarter a year ago, actual revenue was $8.05M
