In the last trading session, 1.51 million WM Technology Inc (NASDAQ:MAPS) shares changed hands as the company’s beta touched 0.81. With the company’s per share price at $0.79 changed hands at -$0.08 or -8.82% during last session, the market valuation stood at $74.17M. MAPS’s last price was a discount, traded about -137.97% off its 52-week high of $1.88. The share price had its 52-week low at $0.60, which suggests the last value was 24.05% up since then. When we look at WM Technology Inc’s average trading volume, we note the 10-day average is 0.49 million shares, with the 3-month average coming to 364.97K.
WM Technology Inc (NASDAQ:MAPS) trade information
Instantly MAPS was in red as seen at the end of in last trading. With action -21.00%, the performance over the past five days has been red. The drop to weekly highs of 1.1100 on Friday, 11/17/23 subtracted -8.82% to the stock’s daily price. The company’s shares are showing year-to-date downside of -21.78%, with the 5-day performance at -21.00% in the red. However, in the 30-day time frame, WM Technology Inc (NASDAQ:MAPS) is -33.61% down. Looking at the short shares, we see there were 1.72 million shares sold at short interest cover period of 10.8 days.
WM Technology Inc (MAPS) estimates and forecasts
Data shows that the WM Technology Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -20.21% over the past 6 months, a 71.43% in annual growth rate that is considerably higher than the industry average of 12.00%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for WM Technology Inc will rise 97.50%. Year-over-year growth is forecast to reach -10.00% down from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of $47.38 million. 3 analysts are of the opinion that WM Technology Inc’s revenue for the quarter ending Mar 2024 will be $49.78 million. The company’s revenue for the corresponding quarters a year ago was $49.28 million and $47.02 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -3.90%. The estimates for the next quarter sales put growth at 5.90%.
The 2023 estimates are for WM Technology Inc earnings to increase by 95.22%.
WM Technology Inc is expected to release its next quarterly earnings report on November 08.
WM Technology Inc (NASDAQ:MAPS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 13.75% of WM Technology Inc shares while 53.02% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 61.47%. There are 53.02% institutions holding the WM Technology Inc stock share, with Morgan Stanley the top institutional holder. As of Sep 29, 2023, the company held 6.68% of the shares, roughly 6.27 million MAPS shares worth $4.95 million.
Vanguard Group Inc holds the second largest percentage of outstanding shares, with 6.45% or 6.06 million shares worth $4.78 million as of Sep 29, 2023.
Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and ETF Managers Tr-EFTMG U.S. Alternative Harvest ETF. With 3.2 million shares estimated at $2.53 million under it, the former controlled 3.41% of total outstanding shares. On the other hand, ETF Managers Tr-EFTMG U.S. Alternative Harvest ETF held about 2.73% of the shares, roughly 2.56 million shares worth around $2.02 million.