Shares Of WM Technology Inc (NASDAQ: MAPS) Declined -14.28% In One Month

WM Technology Inc (NASDAQ:MAPS) has a beta value of 0.78 and has seen 1.66 million shares traded in the recent trading session. The company, currently valued at $113.47M, closed the recent trade at $0.74 per share which meant it lost -$0.06 on the day or -6.95% during that session. The MAPS stock price is -98.65% off its 52-week high price of $1.47 and 6.76% above the 52-week low of $0.69. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.37 million shares traded. The 3-month trading volume is 441.73K shares.

The consensus among analysts is that WM Technology Inc (MAPS) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 3 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.

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WM Technology Inc (NASDAQ:MAPS) trade information

Sporting -6.95% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the MAPS stock price touched $0.74 or saw a rise of 11.9%. Year-to-date, WM Technology Inc shares have moved 3.35%, while the 5-day performance has seen it change -5.58%. Over the past 30 days, the shares of WM Technology Inc (NASDAQ:MAPS) have changed -14.28%. Short interest in the company has seen 2.47 million shares shorted with days to cover at 7.72.

Wall Street analysts have a consensus price target for the stock at $5, which means that the shares’ value could jump 85.2% from the levels at last check today.. The projected low price target is $3.0 while the price target rests at a high of $7.0. In that case, then, we find that the latest price level in today’s session is -845.95% off the targeted high while a plunge would see the stock gain -305.41% from the levels at last check today..

WM Technology Inc (MAPS) estimates and forecasts

The company’s shares have lost -37.97% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -5.50%.

2 analysts offering their estimates for the company have set an average revenue estimate of 44.45M for the current quarter. 2 have an estimated revenue figure of 44.3M for the next ending quarter. Year-ago sales stood 47.73M and 41.41M respectively for this quarter and the next, and analysts expect sales will shrink by -6.90% for the current quarter and -5.50% for the next.

MAPS Dividends

WM Technology Inc is expected to release its next earnings report on 2024-Nov-12 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

Insiders own 16.08% of the company shares, while shares held by institutions stand at 42.63% with a share float percentage of 50.79%. Investors are also buoyed by the number of investors in a company, with WM Technology Inc having a total of 106.0 institutions that hold shares in the company. The top two institutional holders are MORGAN STANLEY with over 5.94 million shares worth more than $6.18 million. As of 2024-06-30, MORGAN STANLEY held 6.27% of shares outstanding.

The other major institutional holder is VANGUARD GROUP INC, with the holding of over 4.99 million shares as of 2024-06-30. The firm’s total holdings are worth over $5.19 million and represent 5.2654% of shares outstanding.