On November 20, 2023, Wrap Technologies Inc (NASDAQ: WRAP) opened at $3.06, lower -13.58% from the last session. During the day, the shares moved up to $3.06 and dropped to $2.53 before settling in for the closing price of $3.02. Price fluctuations for WRAP have ranged from $0.95 to $3.22 over the past 52 weeks.
Annual sales at Technology sector company grew by 695.21% over the past five years. With a float of $28.46 million, this company’s outstanding shares have now reached $41.18 million.
Let’s look at the performance matrix of the company that is accounted for 69 employees. In terms of profitability, gross margin is +46.39, operating margin of -220.28, and the pretax margin is -218.87.
Wrap Technologies Inc (WRAP) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Scientific & Technical Instruments industry is another important factor to consider. The insider ownership of Wrap Technologies Inc is 35.64%, while institutional ownership is 7.53%. The most recent insider transaction that took place on May 30, was worth 21,438. In this transaction CHIEF EXECUTIVE OFFICER of this company bought 20,000 shares at a rate of $1.07, taking the stock ownership to the 246,151 shares. Before that another transaction happened on May 26, when Company’s CHIEF FINANCIAL OFFICER bought 7,300 for $1.03, making the entire transaction worth $7,526. This insider now owns 166,968 shares in total.
Wrap Technologies Inc (WRAP) Latest Financial update
If we go through the results of last quarter, which was made public on 12/30/2022, the company posted -$0.09 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -$0.08) by -$0.01. This company achieved a net margin of -218.87 while generating a return on equity of -51.57. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
Wrap Technologies Inc (NASDAQ: WRAP) Trading Performance Indicators
Check out the current performance indicators for Wrap Technologies Inc (WRAP). In the past quarter, the stock posted a quick ratio of 1.85. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 12.64.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.37
Technical Analysis of Wrap Technologies Inc (WRAP)
Wrap Technologies Inc (NASDAQ: WRAP) saw its 5-day average volume 0.3 million, a positive change from its year-to-date volume of 0.14 million. As of the previous 9 days, the stock’s Stochastic %D was 54.41%. Additionally, its Average True Range was 0.31.
During the past 100 days, Wrap Technologies Inc’s (WRAP) raw stochastic average was set at 68.88%, which indicates a significant increase from 39.61% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 175.06% in the past 14 days, which was higher than the 105.87% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.88, while its 200-day Moving Average is $1.68. Nevertheless, the first resistance level for the watch stands at $2.94 in the near term. At $3.26, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.47. If the price goes on to break the first support level at $2.41, it is likely to go to the next support level at $2.20. The third support level lies at $1.88 if the price breaches the second support level.
Wrap Technologies Inc (NASDAQ: WRAP) Key Stats
There are currently 44,214K shares outstanding in the company with a market cap of 115.39 million. Presently, the company’s annual sales total 8,050 K according to its annual income of -17,620 K. Last quarter, the company’s sales amounted to 3,630 K and its income totaled -2,780 K.