After finishing at $3.79 in the prior trading day, Wrap Technologies Inc (NASDAQ: WRAP) closed at $3.52, down -7.12%. In other words, the price has decreased by -$0.2700 from its previous closing price. On the day, 640367 shares were traded. WRAP stock price reached its highest trading level at $3.7800 during the session, while it also had its lowest trading level at $3.4700.
Ratios:
Our goal is to gain a better understanding of WRAP by taking a closer look at its different ratios. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 30 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. The CHIEF FINANCIAL OFFICER now owns 166,968 shares after completing the transaction at $1.03 per share. On Apr 25, another insider, NORRIS ELWOOD G, who serves as the 10% Owner of the company, bought 9,099 shares for $1.27 each. As a result, the insider paid 11,556 and bolstered with 5,471,553 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 155.63M and an Enterprise Value of 142.96M. For the stock, the TTM Price-to-Sale (P/S) ratio is 17.04 while its Price-to-Book (P/B) ratio in mrq is 8.22. Its current Enterprise Value per Revenue stands at 15.66 whereas that against EBITDA is -9.64.
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 $0.95. The 50-Day Moving Average of the stock is 3.4151, while the 200-Day Moving Average is calculated to be 2.1703.
Shares Statistics:
The stock has traded on average 562.35K shares per day over the past 3-months and 502.7k shares per day over the last 10 days, according to various share statistics. A total of 41.18M shares are outstanding, with a floating share count of 28.00M. Insiders hold about 36.67% of the company’s shares, while institutions hold 8.82% stake in the company. Shares short for WRAP as of Feb 15, 2024 were 5.21M with a Short Ratio of 9.27, compared to 4.21M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 11.79% and a Short% of Float of 16.34%.
Earnings Estimates
Its stock is currently analyzed by 0 different market analysts. 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. EPS for the following year is $0, with 0 analysts recommending between $0 and $0.
Revenue Estimates
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, up 10.10% from the average estimate.
