The stock of WM Technology Inc (NASDAQ: MAPS) has increased by 21.05 when compared to last closing price of 1.04. Despite this, the company has experienced a 16.06% gain in its stock price over the last five trading sessions. MarijuanaStocks reported 2024-04-18 that This week, several marijuana stocks are drawing attention due to their volatility and potential for growth. The cannabis industry in the U.S. has seen remarkable progress, particularly with more states legalizing its use. According to recent statistics, the U.S. cannabis market is expected to grow substantially. By 2025, sales are projected to surpass $30 billion, indicating a robust expansion from current levels. Furthermore, recent headlines have highlighted advancements in legalization efforts, such as New York State finalizing regulations for recreational cannabis sales. These developments are crucial as they pave the way for increased business opportunities and market expansions.
Is It Worth Investing in WM Technology Inc (NASDAQ: MAPS) Right Now?
The 36-month beta value for MAPS is also noteworthy at 0.87. 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 MAPS is 72.84M, and at present, short sellers hold a 1.08% of that float. The average trading volume of MAPS on May 01, 2024 was 541.40K shares.
MAPS’s Market Performance
MAPS stock saw a decrease of 16.06% in the past week, with a monthly decline of -3.80% and a quarterly a decrease of 51.92%. The volatility ratio for the week is 13.78%, and the volatility levels for the last 30 days are 9.93% for WM Technology Inc (MAPS). The simple moving average for the past 20 days is 6.62% for MAPS’s stock, with a 18.94% simple moving average for the past 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 18.82% 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 -32.71% of loss for the given period.
Volatility was left at 9.93%, however, over the last 30 days, the volatility rate increased by 13.78%, as shares sank -3.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.98% upper at present.
During the last 5 trading sessions, MAPS rose by +16.06%, which changed the moving average for the period of 200-days by +26.80% in comparison to the 20-day moving average, which settled at $1.1842. In addition, WM Technology Inc saw 75.62% 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 0.64. 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
In summary, WM Technology Inc (MAPS) has had a better 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.
