The closing price of Wrap Technologies Inc (NASDAQ: WRAP) was $2.56 for the day, down -3.95% from the previous closing price of $2.66. In other words, the price has decreased by -$0.1050 from its previous closing price. On the day, 847584 shares were traded.
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. On Apr 25 ’23, 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 112.97M and an Enterprise Value of 100.29M. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.37 while its Price-to-Book (P/B) ratio in mrq is 5.97. Its current Enterprise Value per Revenue stands at 10.99 whereas that against EBITDA is -6.76.
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 3.5660, while the 200-Day Moving Average is calculated to be 2.3299.
Shares Statistics:
WRAP traded an average of 601.00K shares per day over the past three months and 379.84k shares per day over the past ten days. 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 29, 2024 were 5.28M with a Short Ratio of 8.78, compared to 4.92M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 11.93% and a Short% of Float of 16.54%.
Earnings Estimates
The firm’s stock currently is rated by 0 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.
