Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The closing price of Wrap Technologies Inc (NASDAQ: WRAP) was $2.11 for the day, down -2.55% from the previous closing price of $2.16. In other words, the price has decreased by -$2.55 from its previous closing price. On the day, 0.34 million shares were traded. WRAP stock price reached its highest trading level at $2.16 during the session, while it also had its lowest trading level at $1.98.
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 0.56 and its Current Ratio is at 1.15. In the meantime, Its Debt-to-Equity ratio is 0.34 whereas as Long-Term Debt/Eq ratio is at 0.26.
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 Oct 17 ’24 when NORRIS ELWOOD G sold 39,990 shares for $1.84 per share. The transaction valued at 73,522 led to the insider holds 898,549 shares of the business.
NORRIS ELWOOD G sold 22,186 shares of WRAP for $36,199 on Oct 16 ’24. The 10% Owner now owns 938,539 shares after completing the transaction at $1.63 per share. On Oct 14 ’24, another insider, NORRIS ELWOOD G, who serves as the 10% Owner of the company, sold 12,814 shares for $1.59 each. As a result, the insider received 20,329 and left with 970,725 shares of the company.
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 96583504 and an Enterprise Value of 61919136. For the stock, the TTM Price-to-Sale (P/S) ratio is 22.83 while its Price-to-Book (P/B) ratio in mrq is 15.07. Its current Enterprise Value per Revenue stands at 8.518 whereas that against EBITDA is -3.914.
Stock Price History:
Over the past 52 weeks, WRAP has reached a high of $7.01, while it has fallen to a 52-week low of $1.21. The 50-Day Moving Average of the stock is 23.81%, while the 200-Day Moving Average is calculated to be 24.86%.
Shares Statistics:
WRAP traded an average of 268.26K shares per day over the past three months and 450370 shares per day over the past ten days. A total of 45.87M shares are outstanding, with a floating share count of 31.83M. Insiders hold about 30.63% of the company’s shares, while institutions hold 10.51% stake in the company. Shares short for WRAP as of 1730332800 were 4808886 with a Short Ratio of 18.22, compared to 1727654400 on 5072619. Therefore, it implies a Short% of Shares Outstanding of 4808886 and a Short% of Float of 13.900000000000002.
Earnings Estimates
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.
