In last trading session, Wrap Technologies Inc (NASDAQ:WRAP) saw 0.39 million shares changing hands with its beta currently measuring 1.69. Company’s recent per share price level of $3.02 trading at $0.16 or 5.59% at ring of the bell on the day assigns it a market valuation of $133.51M. That closing price of WRAP’s stock is at a discount of -6.62% from its 52-week high price of $3.22 and is indicating a premium of 68.54% from its 52-week low price of $0.95. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.37 million shares which gives us an average trading volume of 191.58K if we extend that period to 3-months.
For Wrap Technologies Inc (WRAP), analysts’ consensus is at an average recommendation of a Hold while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0 in the current quarter.
Wrap Technologies Inc (NASDAQ:WRAP) trade information
Upright in the green during last session for gaining 5.59%, in the last five days WRAP remained trading in the green while hitting it’s week-highest on Friday, 11/17/23 when the stock touched $3.02 price level, adding 4.13% to its value on the day. Wrap Technologies Inc’s shares saw a change of 78.70% in year-to-date performance and have moved 3.78% in past 5-day. Wrap Technologies Inc (NASDAQ:WRAP) showed a performance of 120.44% in past 30-days. Number of shares sold short was 3.09 million shares which calculate 13.99 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $2.50 to the stock, which implies a fall of -20.8% to its current value. Analysts have been projecting $2.50 as a low price target for the stock while placing it at a high target of $2.50. It follows that stock’s current price would jump 17.22% in reaching the projected high whereas dropping to the targeted low would mean a gain of 17.22% for stock’s current value.
Wrap Technologies Inc (WRAP) estimates and forecasts
This year revenue growth is estimated to rise 10.10% from the last financial year’s standing.
Company posted $1.6 million and $1.17 million of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -60.64% during past 5 years.
Wrap Technologies Inc is more likely to be releasing its next quarterly report on November 09 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Wrap Technologies Inc (NASDAQ:WRAP)’s Major holders
Insiders are in possession of 33.87% of company’s total shares while institution are holding 10.29 percent of that, with stock having share float percentage of 15.56%. Investors also watch the number of corporate investors in a company very closely, which is 10.29% institutions for Wrap Technologies Inc that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at WRAP for having 1.07 million shares of worth $1.56 million. And as of Jun 29, 2023, it was holding 3.89% of the company’s outstanding shares.
The second largest institutional holder is U.S. BancorpDE, which was holding about 0.73 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 2.68% of outstanding shares, having a total worth of $1.07 million.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 0.67 million shares of worth $0.98 million or 2.46% of the total outstanding shares. The later fund manager was in possession of 0.34 million shares on Jun 29, 2023, making its stake of worth around $0.49 million in the company or a holder of 1.24% of company’s stock.