Is Wrap Technologies Inc (NASDAQ: WRAP) Stock Set To Rise More?

In the last trading session, 51696.0 Wrap Technologies Inc (NASDAQ:WRAP) shares changed hands as the company’s beta touched 1.45. With the company’s per share price at $1.55 changed hands at $0.01 or 0.97% during last session, the market valuation stood at $70.20M. WRAP’s last price was a discount, traded about -352.26% off its 52-week high of $7.01. The share price had its 52-week low at $1.21, which suggests the last value was 21.94% up since then. When we look at Wrap Technologies Inc’s average trading volume, we note the 10-day average is 0.19 million shares, with the 3-month average coming to 214.31K.

Analysts gave the Wrap Technologies Inc (WRAP) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended WRAP as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Wrap Technologies Inc’s EPS for the current quarter is expected to be 0.

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Wrap Technologies Inc (NASDAQ:WRAP) trade information

Instantly WRAP was in green as seen at the end of in last trading. With action -7.83%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -50.65%, with the 5-day performance at -7.83% in the red. However, in the 30-day time frame, Wrap Technologies Inc (NASDAQ:WRAP) is 4.08% up. Looking at the short shares, we see there were 4.81 million shares sold at short interest cover period of 26.74 days.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -38.58%.

WRAP Dividends

Wrap Technologies Inc is expected to release its next quarterly earnings report in January.

Wrap Technologies Inc (NASDAQ:WRAP)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 30.81% of Wrap Technologies Inc shares while 10.59% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 15.30%. There are 10.59% institutions holding the Wrap Technologies Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 2.9069% of the shares, roughly 1.24 million WRAP shares worth $2.48 million.

RAYMOND JAMES FINANCIAL SERVICES ADVISORS, INC. holds the second largest percentage of outstanding shares, with 1.929% or 0.82 million shares worth $1.65 million as of 2024-06-30.