Moreover, the 36-month beta value for WRAP is 1.45. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for WRAP is 31.83M and currently, short sellers hold a 15.35% of that float. On December 27, 2024, WRAP’s average trading volume was 213.87K shares.
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WRAP) stock’s latest price update
The stock of Wrap Technologies Inc (NASDAQ: WRAP) has increased by 12.54 when compared to last closing price of 1.55.Despite this, the company has seen a gain of 11.46% in its stock price over the last five trading days. globenewswire.com reported 2024-11-25 that WISE, Va., Nov. 25, 2024 (GLOBE NEWSWIRE) — Wrap Technologies, Inc. (NASDAQ: WRAP) (“Wrap” or the “Company”), a global leader in public safety solutions, announced today the relocation of its manufacturing and distribution facility to Virginia, citing Virginia’s strategic location and commitment to invest in public safety innovation as key factors in its decision. This move underscores Wrap’s commitment to delivering comprehensive tools and training for law enforcement.
WRAP’s Market Performance
WRAP’s stock has risen by 11.46% in the past week, with a monthly rise of 10.06% and a quarterly rise of 11.46%. The volatility ratio for the week is 6.74% while the volatility levels for the last 30 days are 7.46% for Wrap Technologies Inc The simple moving average for the past 20 days is 0.98% for WRAP’s stock, with a 2.20% simple moving average for the past 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 5.50% 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 -75.04% of loss for the given period.
Volatility was left at 7.46%, however, over the last 30 days, the volatility rate increased by 6.74%, as shares surge +12.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.90% upper at present.
During the last 5 trading sessions, WRAP rose by +11.46%, which changed the moving average for the period of 200-days by -43.91% in comparison to the 20-day moving average, which settled at $1.7330. In addition, Wrap Technologies Inc saw -43.55% 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 NORRIS ELWOOD G, who sale 39,990 shares at the price of $1.84 back on Oct 17 ’24. After this action, NORRIS ELWOOD G now owns 898,549 shares of Wrap Technologies Inc, valued at $73,522 using the latest closing price.
NORRIS ELWOOD G, the 10% Owner of Wrap Technologies Inc, sale 22,186 shares at $1.63 during a trade that took place back on Oct 16 ’24, which means that NORRIS ELWOOD G is holding 938,539 shares at $36,199 based on the most recent closing price.
Stock Fundamentals for WRAP
Current profitability levels for the company are sitting at:
- -4.15 for the present operating margin
- 0.42 for the gross margin
The net margin for Wrap Technologies Inc stands at -3.94. The total capital return value is set at -2.16. Equity return is now at value -125.05, with -66.87 for asset returns.
Currently, EBITDA for the company is -17.9 million with net debt to EBITDA at 0.16. When we switch over and look at the enterprise to sales, we see a ratio of 18.34. The receivables turnover for the company is 5.44for trailing twelve months and the total asset turnover is 0.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.15.
Conclusion
To wrap up, the performance of Wrap Technologies Inc (WRAP) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
