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Wednesday, December 6, 2023

Momentum Is Strong For Wrap Technologies Inc (NASDAQ: WRAP)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Wrap Technologies Inc (WRAP) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.14, or 5.51%, to $2.68. The Wrap Technologies Inc has recorded 20,473 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Wrap Technologies Announces New Solution to Help Safeguard Cities.

Stocks Info

This NASDAQ-listed company operates within the Scientific & Technical Instruments industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $2.54 and fluctuated between $2.6900 as its day high and $2.0700 as its day low. The current market capitalization of Wrap Technologies Inc is $109.78M. A total of 1.61 million shares were traded on the day, compared to an average of 121.23K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, WRAP has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 250,000 and the disposition of 0 shares. Over the last 12 months, there were 47 BUYs and 9 SELLs from insiders. Insiders purchased 721,773 shares during that period but sold 121,111.

In the most recent transaction, Mullins Kevin W bought 20,000 shares of WRAP for 1.07 per share on May 30. After the transaction, the CHIEF EXECUTIVE OFFICER now owns 246,151 company shares. In a previous transaction on May 26, DeAlmeida Christopher James bought 7,300 shares at 1.03 per share. WRAP shares that CHIEF FINANCIAL OFFICER owns now total 166,968.

Among the insiders who bought shares, NORRIS ELWOOD G acquired of 9,099 shares on Apr 25 at a per-share price of $1.27. This resulted in the 10% Owner holding 5,471,553 shares of WRAP after the transaction. In another insider transaction, NORRIS ELWOOD G bought 10,901 shares at $1.33 per share on Apr 24. Company shares held by the 10% Owner now total 5,462,454.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for WRAP in the last 3 months, the mean price target is $2.50 with high estimates of $2.50 and low estimates of $2.50. In terms of 52-week highs and lows, WRAP has a high of $2.90 and a low of $0.95.

As of this writing, WRAP has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. WRAP’s latest balance sheet shows that the firm has $34.92M in Cash & Short Term Investments as of fiscal 2021. There were $56.00k in debt and $2.86M in liabilities at the time. Its Book Value Per Share was $0.47, while its Total Shareholder’s Equity was $41.26M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WRAP is Buy with a score of 0.00.

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