On Jan. 06, Barnes James A divested U.S. $31,080 in shares of Wrap Technologies Inc.. The CFO, SECRETARY, TREASURER sold 6,000 shares at a price per share of $5.18. The transaction decreased this specific insider’s holdings to 2,212,519 shares worth around $10.91 million at present.
Is Wrap Technologies Inc. [NASDAQ:WRAP] a Good Buy Right Now?
It should be noted that WRAP technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Sell. The average signal changed from 100% Sell in the last week and compares with 88% Sell in the past month. Data from Wrap Technologies Inc.’s Trend Spotter indicated that the signals were Strengthening. The stock current average is 0.74 million shares in the past 20 days and the short term average signal indicates a 100% Sell. In the last 50 days, the average trading volume was 0.59 million shares while the medium term average advocated for 100% Sell. The average long-term signal stands at 100% Sell and the 100-day average volume stands at 0.69 million shares.
WRAP Price Performance
On Wall Street, Wrap Technologies Inc. [NASDAQ:WRAP] finished Friday’s session up 0.61% at $4.93. The stock went up to $5.0252 at the same session while its lowest single day price was $4.90. In the last five days, it saw a rise of about 2.07%, Wrap Technologies Inc. shares gained by almost 2.07% since the beginning of the year. However, the share price has dropped to as low as -65.76% below its one year high. On 01/06/21, the company shares recorded $6.42, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $4.56. The company’s shares have declined by -18.51% in the past year. The 50-day SMA achieved is $5.64 while the 200-day SMA is $7.01. Volume dropped to 0.38 million from 1.26 million in the previous session.
WRAP Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 4.88 level, and in case of violation of this particular level, it will cause more drop to 4.83 level. On the upper level, 5.08 is still the key resistance. The stock may increase to the subsequent resistance at 5.00. The Relative Strength Index (RSI) pinned on the 14-day chart is 40.72, implying a neutral technical stance while the MACD stands at -0.23, meaning price will decrease in the next trading period. Percent R indicator moved to 80.11%, implying bearish price movement. Stochastic %K at 28.41% suggest holding the stock.
What is the short interest in Wrap Technologies Inc.?
Short interest in the Wrap Technologies Inc. stock has surged, increasing by 0.55 million shares to total 3.28 million shares on Dec 14, 2020. The interest had seen shares on Oct 29, 2020 stand at 3.83 million, data from Yahoo Finance shows. The decrease of -16.77% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 15.11% of the overall float for the stock.
Wrap Technologies Inc.’s Biggest Shareholders: Who Owns Wrap Technologies Inc. [WRAP]?
Filings by The Vanguard Group, Inc. showed that the firm now holds a total of 1,021,670 shares or roughly 2.75% of the outstanding WRAP shares. This means their shares have increased by 546,694 from the 1,021,670 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, BlackRock Fund Advisors updated stake is worth $5,022,476. Details in the latest 13F filings reveal that Kamunting Street Capital Manageme acquired their 7.59% stake valued at $3,541,534 while Iroquois Capital Management LLC cut theirs at $2,664,757. During the last quarter, Kamunting Street Capital Manageme raised 43,444 of its shares in Wrap Technologies Inc. while Iroquois Capital Management LLC sold -1,424,822 shares. The Lord, Abbett & Co. LLC’s holdings currently number 360,599 shares at $1777753.07. According to the firm’s last 13F report, Susquehanna Financial Group LLLP shares in the company at filing stood at 341,955 shares, roughly $1,966,241.
WRAP Earnings Forecast For The Current Quarter
Wrap Technologies Inc. [WRAP] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $1.39M and an earnings per share of -$0.1 for Dec 2020. Looking further ahead, the company is expected to report revenue of $1.59M at an EPS of -$0.1 for Mar 2021. The estimates represent upside of 227.80% and 16.20% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
WRAP Earnings Estimates For The Current Year
For the financial year, Wrap Technologies Inc. [NASDAQ:WRAP] is expected to bring in revenue of $3.92M. The returns are nearly $3.22 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at -0.37, lower than that of FY19 by -$0.08. Estimates put this year’s earnings growth at -27.60%, 16.20% for the next. As for sales, forecasts are for an increase of 462.40% in the current fiscal year and a further 227.80% over the following year.
What are analyst thoughts on Wrap Technologies Inc.?
Looking forward to the Wrap Technologies Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Wrap Technologies Inc. stock at $9.75 within the next 12 months, which represents almost 49.44 per cent growth from its previous closing price of $4.93. The highest analysts’ target for Wrap Technologies Inc. stock projections is $10.00 and the lowest one is $9.50. Still, 2 analysts sharing their consensus rating for WRAP stock in 2021 agree that it is an Overweight.