The stock of Wrap Technologies Inc (WRAP) has seen a -7.27% decrease in the past week, with a -34.19% drop in the past month, and a -34.19% decrease in the past quarter. The volatility ratio for the week is 7.75%, and the volatility levels for the past 30 days are at 9.19% for WRAP. The simple moving average for the past 20 days is -16.38% for WRAP’s stock, with a -14.86% simple moving average for the past 200 days.
Is It Worth Investing in Wrap Technologies Inc (NASDAQ: WRAP) Right Now?
Additionally, the 36-month beta value for WRAP is 1.46. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for WRAP is 27.97M and currently, short sellers hold a 19.76% ratio of that float. The average trading volume of WRAP on April 11, 2024 was 572.19K shares.
WRAP) stock’s latest price update
Wrap Technologies Inc (NASDAQ: WRAP) has experienced a decline in its stock price by -9.73 compared to its previous closing price of 2.26. However, the company has seen a fall of -7.27% in its stock price over the last five trading days. GlobeNewsWire reported 2024-03-25 that TEMPE, Ariz., March 25, 2024 (GLOBE NEWSWIRE) — Wrap Technologies, Inc. (Nasdaq: WRAP) (“Wrap” or the “Company”), a global leader in innovative public safety technologies and services, today announced that it will set a new date for the issuance of its financial results and investor conference call related to the fourth quarter and full year 2023, which had previously been scheduled for March 28, 2024.
Analysts’ Opinion of WRAP
Ladenburg Thalmann, on the other hand, stated in their research note that they expect to see WRAP reach a price target of $26.50. The rating they have provided for WRAP stocks is “Buy” according to the report published on May 03rd, 2021.
Maxim Group gave a rating of “Buy” to WRAP, setting the target price at $11 in the report published on April 15th of the previous year.
WRAP Trading at -37.60% from the 50-Day Moving Average
After a stumble in the market that brought WRAP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -70.90% of loss for the given period.
Volatility was left at 9.19%, however, over the last 30 days, the volatility rate increased by 7.75%, as shares sank -34.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -47.15% lower at present.
During the last 5 trading sessions, WRAP fell by -7.27%, which changed the moving average for the period of 200-days by +44.68% in comparison to the 20-day moving average, which settled at $2.39. In addition, Wrap Technologies Inc saw -34.19% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WRAP starting from Mullins Kevin W, who purchase 20,000 shares at the price of $1.07 back on May 30 ’23. After this action, Mullins Kevin W now owns 246,151 shares of Wrap Technologies Inc, valued at $21,438 using the latest closing price.
DeAlmeida Christopher James, the CHIEF FINANCIAL OFFICER of Wrap Technologies Inc, purchase 7,300 shares at $1.03 during a trade that took place back on May 26 ’23, which means that DeAlmeida Christopher James is holding 166,968 shares at $7,526 based on the most recent closing price.
Stock Fundamentals for WRAP
Current profitability levels for the company are sitting at:
- -1.72 for the present operating margin
- 0.54 for the gross margin
The net margin for Wrap Technologies Inc stands at -1.67. The total capital return value is set at -0.75. Equity return is now at value -61.54, with -48.44 for asset returns.
Based on Wrap Technologies Inc (WRAP), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -74.59. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 52.48.
Currently, EBITDA for the company is -16.97 million with net debt to EBITDA at 0.31. When we switch over and look at the enterprise to sales, we see a ratio of 9.37. The receivables turnover for the company is 2.11for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.39.
Conclusion
In conclusion, Wrap Technologies Inc (WRAP) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
