MAPS has 36-month beta value of 0.83. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for MAPS is 72.84M, and currently, short sellers hold a 2.30% ratio of that float. The average trading volume of MAPS on April 04, 2024 was 528.39K shares.
MAPS) stock’s latest price update
WM Technology Inc (NASDAQ: MAPS)’s stock price has increased by 1.53 compared to its previous closing price of 1.31. However, the company has seen a 16.67% increase in its stock price over the last five trading sessions. MarijuanaStocks reported 2024-03-30 that The US marijuana sector experienced significant momentum last week. Several top marijuana stocks showcased double-digit gains. This surge reflects growing investor interest in the industry. It comes amid evolving legal landscapes and consumer attitudes towards cannabis. As states continue to legalize marijuana for medical and recreational use, the sector’s growth potential becomes increasingly apparent. Investors are keenly watching these developments. They are identifying stocks that could lead in this expanding market.
MAPS’s Market Performance
MAPS’s stock has risen by 16.67% in the past week, with a monthly rise of 47.65% and a quarterly rise of 66.46%. The volatility ratio for the week is 11.92% while the volatility levels for the last 30 days are 10.15% for WM Technology Inc The simple moving average for the last 20 days is 29.73% for MAPS stock, with a simple moving average of 28.75% for the last 200 days.
Analysts’ Opinion of MAPS
Many brokerage firms have already submitted their reports for MAPS stocks, with Truist repeating the rating for MAPS by listing it as a “Hold.” The predicted price for MAPS in the upcoming period, according to Truist is $2 based on the research report published on November 08, 2022 of the previous year 2022.
Stifel, on the other hand, stated in their research note that they expect to see MAPS reach a price target of $3.20, previously predicting the price at $10. The rating they have provided for MAPS stocks is “Hold” according to the report published on August 10th, 2022.
Piper Sandler gave a rating of “Neutral” to MAPS, setting the target price at $4 in the report published on August 10th of the previous year.
MAPS Trading at 39.00% from the 50-Day Moving Average
After a stumble in the market that brought MAPS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -29.26% of loss for the given period.
Volatility was left at 10.15%, however, over the last 30 days, the volatility rate increased by 11.92%, as shares surge +45.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +52.87% upper at present.
During the last 5 trading sessions, MAPS rose by +16.67%, which changed the moving average for the period of 200-days by +44.42% in comparison to the 20-day moving average, which settled at $1.0460. In addition, WM Technology Inc saw 84.65% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MAPS starting from BAY ANTHONY, who sale 6,676 shares at the price of $0.88 back on Mar 11 ’24. After this action, BAY ANTHONY now owns 472,828 shares of WM Technology Inc, valued at $5,875 using the latest closing price.
Camire Brian, the GENERAL COUNSEL of WM Technology Inc, sale 44,189 shares at $0.94 during a trade that took place back on Feb 16 ’24, which means that Camire Brian is holding 708,975 shares at $41,551 based on the most recent closing price.
Stock Fundamentals for MAPS
Current profitability levels for the company are sitting at:
- -0.15 for the present operating margin
- 0.93 for the gross margin
The net margin for WM Technology Inc stands at -0.32. The total capital return value is set at -0.19. Equity return is now at value -164.64, with -38.91 for asset returns.
Based on WM Technology Inc (MAPS), the company’s capital structure generated 0.64 points at debt to capital in total, while cash flow to debt ratio is standing at 0.32. The debt to equity ratio resting at 1.74. The interest coverage ratio of the stock is 0.19.
Currently, EBITDA for the company is -83.49 million with net debt to EBITDA at -0.72. When we switch over and look at the enterprise to sales, we see a ratio of 0.67. The receivables turnover for the company is 15.91for trailing twelve months and the total asset turnover is 1.1. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.51.
Conclusion
To put it simply, WM Technology Inc (MAPS) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
