The stock price of WM Technology Inc (NASDAQ: MAPS) has plunged by -11.25 when compared to previous closing price of 0.80, but the company has seen a -9.94% decline in its stock price over the last five trading sessions. accesswire.com reported 2024-11-06 that LOS ANGELES, CA / ACCESSWIRE / November 6, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against WM Technology, Inc. (“WM Technology” or “the Company”) (NASDAQ:MAPS) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company’s securities between May 25, 2021, and September 24, 2024, inclusive (the “Class Period”), are encouraged to contact the firm before December 16, 2024.
Is It Worth Investing in WM Technology Inc (NASDAQ: MAPS) Right Now?
The stock has a 36-month beta value of 0.78. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for MAPS is 79.12M, and at present, short sellers hold a 3.12% of that float. On November 06, 2024, the average trading volume of MAPS was 441.73K shares.
MAPS’s Market Performance
MAPS stock saw a decrease of -9.94% in the past week, with a monthly decline of -18.24% and a quarterly a decrease of -24.60%. The volatility ratio for the week is 5.58%, and the volatility levels for the last 30 days are 5.57% for WM Technology Inc (MAPS). The simple moving average for the last 20 days is -15.77% for MAPS stock, with a simple moving average of -28.76% 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 -20.43% 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 -51.70% of loss for the given period.
Volatility was left at 5.57%, however, over the last 30 days, the volatility rate increased by 5.58%, as shares sank -17.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.75% lower at present.
During the last 5 trading sessions, MAPS fell by -10.01%, which changed the moving average for the period of 200-days by -19.56% in comparison to the 20-day moving average, which settled at $0.8431. In addition, WM Technology Inc saw -1.43% 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 MAPS starting from Camire Brian, who sale 39,712 shares at the price of $1.00 back on Aug 16 ’24. After this action, Camire Brian now owns 657,006 shares of WM Technology Inc, valued at $39,903 using the latest closing price.
Gonzalez Olga, the Director of WM Technology Inc, sale 90,396 shares at $1.01 during a trade that took place back on Jun 24 ’24, which means that Gonzalez Olga is holding 495,191 shares at $91,345 based on the most recent closing price.
Stock Fundamentals for MAPS
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.88 for the gross margin
The net margin for WM Technology Inc stands at -0.04. The total capital return value is set at 0.03. Equity return is now at value -29.78, with -3.75 for asset returns.
Based on WM Technology Inc (MAPS), the company’s capital structure generated 0.54 points at debt to capital in total, while cash flow to debt ratio is standing at 1.34. The debt to equity ratio resting at 1.19. The interest coverage ratio of the stock is 3.91.
Currently, EBITDA for the company is 26.91 million with net debt to EBITDA at -0.35. When we switch over and look at the enterprise to sales, we see a ratio of 0.32. The receivables turnover for the company is 24.25for trailing twelve months and the total asset turnover is 1.07. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.77.
Conclusion
To sum up, WM Technology Inc (MAPS) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
