Widepoint Corp (AMEX: WYY) on Tuesday, soared 3.62% from the previous trading day, before settling in for the closing price of $3.59. Within the past 52 weeks, WYY’s price has moved between $1.61 and $4.55.
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A company in the Technology sector has jumped its sales by 13.54% annually for the last half of the decade. The company achieved an average annual earnings per share of 50.00%. With a float of $7.52 million, this company’s outstanding shares have now reached $8.89 million.
In an organization with 206 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 13.43%, operating margin of -2.42%, and the pretax margin is -2.7%.
Widepoint Corp (WYY) Insider and Institutional Ownership
Observing investor behavior towards Information Technology Services industry stocks is more important than anything else. The insider ownership of Widepoint Corp is 22.10%, while institutional ownership is 10.81%. The most recent insider transaction that took place on Oct 01 ’24, was worth 3,600. In this transaction COO of this company sold 1,000 shares at a rate of $3.60, taking the stock ownership to the 164,116 shares. Before that another transaction happened on Sep 27 ’24, when Company’s COO sold 1,000 for $3.40, making the entire transaction worth $3,400. This insider now owns 165,116 shares in total.
Widepoint Corp (WYY) Latest Financial update
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.04 earnings per share (EPS) for the period falling under the consensus outlook (set at 0) by -0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.04 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 50.00% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 20.00% during the next five years compared to -21.24% drop over the previous five years of trading.
Widepoint Corp (AMEX: WYY) Trading Performance Indicators
Widepoint Corp (WYY) is currently performing well based on its current performance indicators. A quick ratio of 1.05 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.29.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.38, a number that is poised to hit -0.06 in the next quarter and is forecasted to reach -0.04 in one year’s time.
Technical Analysis of Widepoint Corp (WYY)
Let’s dig in a bit further. During the last 5-days, its volume was 0.13 million. That was better than the volume of 73842.0 it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 32.00%. Additionally, its Average True Range was 0.26.
During the past 100 days, Widepoint Corp’s (WYY) raw stochastic average was set at 55.61%, which indicates a significant increase from 38.23% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 75.00% in the past 14 days, which was lower than the 76.69% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.54, while its 200-day Moving Average is $3.06. However, in the short run, Widepoint Corp’s stock first resistance to watch stands at $3.83. Second resistance stands at $3.94. The third major resistance level sits at $4.12. If the price goes on to break the first support level at $3.53, it is likely to go to the next support level at $3.35. The third support level lies at $3.24 if the price breaches the second support level.
Widepoint Corp (AMEX: WYY) Key Stats
Market capitalization of the company is 35.90 million based on 9,312K outstanding shares. Right now, sales total 106,030 K and income totals -4,050 K. The company made 36,040 K in profit during its latest quarter, and -500 K in sales during its previous quarter.
