Wrap Technologies Inc. (NASDAQ:WRAP) closed Wednesday at $2.47 per share, up from $2.33 a day earlier. While Wrap Technologies Inc. has overperformed by 6.01%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, WRAP fell by -52.95%, with highs and lows ranging from $5.28 to $1.07, whereas the simple moving average jumped by 19.39% in the last 200 days.
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On January 25, 2022, Maxim Group Downgraded Wrap Technologies Inc. (NASDAQ: WRAP) to Hold. A report published by Ladenburg Thalmann on May 03, 2021, Initiated its previous ‘Buy’ rating for WRAP. Maxim Group also rated WRAP shares as ‘Buy’, setting a target price of $11 on the company’s shares in an initiating report dated April 15, 2021.
Analysis of Wrap Technologies Inc. (WRAP)
Further, the quarter-over-quarter decrease in sales is -5.60%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Wrap Technologies Inc.’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -54.80% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 12.10, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and WRAP is recording an average volume of 127.10K. On a monthly basis, the volatility of the stock is set at 9.87%, whereas on a weekly basis, it is put at 18.08%, with a gain of 19.90% over the past seven days. Furthermore, long-term investors anticipate a median target price of $2.50, showing growth from the present price of $2.47, which can serve as yet another indication of whether WRAP is worth investing in or should be passed over.
How Do You Analyze Wrap Technologies Inc. Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.70%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 9.90% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in WRAP shares?
The recent increase in stakes in WRAP appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc.’s position in WRAP has decreased by -0.65% in the first quarter. The company now owns 1,042,827 shares of the stock, with a value of $1.24 million, following the sale of -6,787 additional shares during the last quarter. During the last quarter, the company dropped down 0 additional shares for a total stake of worth $0.59 million, bringing number of shares owned by the company to 501,500.
At the end of the first quarter, Redmond Asset Management LLC decreased its WRAP holdings by -0.17% and now holds 0.21 million WRAP shares valued at $0.24 million with the lessened 359.0 shares during the period. WRAP shares are owned by institutional investors to the tune of 9.90% at present.