Wrap Technologies Inc. (NASDAQ:WRAP) shares traded higher over the last trading session, gaining 10.81% on 05/26/21. The shares fell to a low of $6.947 before closing at $7.69. Intraday shares traded counted 1.88 million, which was -221.91% lower than its 30-day average trading volume of 583.15K. WRAP’s previous close was $6.94 while the outstanding shares total 37.62M. The stock’s Relative Strength Index (RSI) is 70.43, with weekly volatility at 10.26% and ATR at 0.55. The WRAP stock’s 52-week price range has touched low of $4.56 and a $14.40 high.
Investors have identified the Scientific & Technical Instruments company Wrap Technologies Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $260.69 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Wrap Technologies Inc. (WRAP) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 43.56 million total, with 3.44 million as their total liabilities.
WRAP were able to record -4.6 million as free cash flow during the 08/09/2021 quarter of the year, this saw their quarterly net cash flow reduce by -14.65 million. In cash movements, the company had a total of -4.44 million as operating cash flow.
Potential earnings growth for Wrap Technologies Inc. (WRAP)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/09/2021 quarter of the year, Wrap Technologies Inc. recorded a total of 1.54 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 55.25% coming in sequential stages and their sales for the 08/09/2021 quarter increasing by 8.24%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 0.94 million trying to sell their products during the last quarter, with the result yielding a gross income of 0.6 million. This allows shareholders to hold on to 37.62M with the recently reported earning now reading -0.14 cents per share. This is a figure that compared to analyst’s prediction for their 08/09/2021 (-0.14 cents a share).
Having a look at the company’s valuation, the company is expected to record -0.23 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on WRAP sounds very interesting.
Is the stock of WRAP attractive?
In related news, Director, Norris David G sold 7,500 shares of the company’s stock in a transaction that recorded on May 17. The sale was performed at an average price of 5.85, for a total value of 43,875. As the sale deal closes, the CFO, SECRETARY AND TREASURER, BARNES JAMES A now sold 6,000 shares of the company’s stock, valued at 36,240. Also, CFO, SECRETARY AND TREASURER, BARNES JAMES A sold 7,500 shares of the company’s stock in a deal that was recorded on Apr 16. The shares were price at an average price of 5.39 per share, with a total market value of 40,425. Following this completion of acquisition, the Director, Norris David G now holds 7,500 shares of the company’s stock, valued at 40,425. In the last 6 months, insiders have changed their ownership in shares of company stock by 14.30%.
2 out of 3 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on Wrap Technologies Inc.. 0 analysts has assigned a Sell rating on the WRAP stock. The 12-month mean consensus price target for the company’s shares has been set at $9.92.