The 36-month beta value for WRAP is also noteworthy at 1.49. 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 at present, short sellers hold a 19.76% of that float. The average trading volume of WRAP on April 18, 2024 was 533.92K shares.
WRAP) stock’s latest price update
The stock price of Wrap Technologies Inc (NASDAQ: WRAP) has jumped by 14.14 compared to previous close of 1.91. Despite this, the company has seen a gain of 6.34% in its stock price over the last five trading days. GlobeNewsWire reported 2024-04-15 that TEMPE, Ariz., April 15, 2024 (GLOBE NEWSWIRE) — Wrap Technologies, Inc. (Nasdaq: WRAP) (“Wrap” or the “Company”), the makers of BolaWrap and the innovative public safety solutions platform powered by artificial intelligence (“AI”), virtual reality and data, today provided an update on its ongoing operations and announced its schedule for reporting financial results.
WRAP’s Market Performance
WRAP’s stock has risen by 6.34% in the past week, with a monthly drop of -18.05% and a quarterly drop of -35.88%. The volatility ratio for the week is 7.29% while the volatility levels for the last 30 days are 9.43% for Wrap Technologies Inc The simple moving average for the last 20 days is 0.35% for WRAP’s stock, with a simple moving average of -9.66% for the last 200 days.
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 -28.38% 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 -68.90% of loss for the given period.
Volatility was left at 9.43%, however, over the last 30 days, the volatility rate increased by 7.29%, as shares sank -14.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -43.79% lower at present.
During the last 5 trading sessions, WRAP rose by +6.93%, which changed the moving average for the period of 200-days by +52.75% in comparison to the 20-day moving average, which settled at $2.1544. In addition, Wrap Technologies Inc saw -29.68% 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 10.04. 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 summary, Wrap Technologies Inc (WRAP) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
