Is WM Technology Inc (NASDAQ: MAPS) A Good Investment Or A Disaster?

In the last trading session, 1.41 million WM Technology Inc (NASDAQ:MAPS) shares changed hands as the company’s beta touched 0.77. With the company’s per share price at $0.90 changed hands at $0.01 or 1.72% during last session, the market valuation stood at $87.39M. MAPS’s last price was a discount, traded about -63.33% off its 52-week high of $1.47. The share price had its 52-week low at $0.69, which suggests the last value was 23.33% up since then. When we look at WM Technology Inc’s average trading volume, we note the 10-day average is 0.21 million shares, with the 3-month average coming to 448.71K.

Analysts gave the WM Technology Inc (MAPS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended MAPS as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. WM Technology Inc’s EPS for the current quarter is expected to be 0.03.

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WM Technology Inc (NASDAQ:MAPS) trade information

Instantly MAPS was in green as seen at the end of in last trading. With action -2.13%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 25.14%, with the 5-day performance at -2.13% in the red. However, in the 30-day time frame, WM Technology Inc (NASDAQ:MAPS) is -2.45% down. Looking at the short shares, we see there were 2.55 million shares sold at short interest cover period of 6.9 days.

The consensus price target for the stock as assigned by Wall Street analysts is 5, meaning bulls need an upside of 82.0% from its current market value. According to analyst projections, MAPS’s forecast low is 3 with 7 as the target high. To hit the forecast high, the stock’s price needs a -677.78% plunge from its current level, while the stock would need to soar -233.33% for it to hit the projected low.

WM Technology Inc (MAPS) estimates and forecasts

Year-over-year growth is forecast to reach -5.50% down from the last financial year.

Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 44.45M. 2 analysts are of the opinion that WM Technology Inc’s revenue for the current quarter will be 44.3M. The company’s revenue for the corresponding quarters a year ago was 47.73M and 41.41M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -6.90%. The estimates for the next quarter sales put growth at 7.00%.

The 2024 estimates are for WM Technology Inc earnings to increase by 824.37%.

MAPS Dividends

WM Technology Inc is expected to release its next quarterly earnings report in November.

WM Technology Inc (NASDAQ:MAPS)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 16.08% of WM Technology Inc shares while 43.04% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 51.29%. There are 43.04% institutions holding the WM Technology Inc stock share, with MORGAN STANLEY the top institutional holder. As of 2024-06-30, the company held 6.27% of the shares, roughly 5.94 million MAPS shares worth $6.18 million.

VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 5.2654% or 4.99 million shares worth $5.19 million as of 2024-06-30.