Wrap Technologies Inc. (WRTC): Analysis on simple moving average

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Wrap Technologies Inc. (NASDAQ:WRTC) changes shares on Monday trading session, with a change of 7.58% or $0.61 shares. The trading starts at $8.15 and closed at $8.05 throughout the day. The trading session low price was $8.10 and day high was $9.23 on Monday, June 15. After the session, the Technology sector daily volume shifted to 3.32 million while its average volume is 778.45K. In other hand, the WRTC market cap reached to $214.33M. While, its current target price is $8.66 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 19.04% and up 95.93% for month. Its quarterly performance was 123.20% above, while its half year performance is up 41.97%. WRTC yearly performance stood at positive 27.92% and rise 35.52% for year-to-date. Current recommendation for Wrap Technologies Inc. is 1.50.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. WRTC EPS (TTM) for 12-month is -0.31. EPS for this year is -105.30%, while for the next year its value is -0.16. Its EPS Q/Q reached -44.60%.

Let’s take a look on the analyst recommendations on WRTC for the current month and previous month. For the current month, 2 of 2 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 0 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $7.00-$9.75. Average target price for WRTC was reached at $8.38.

Vanguard Group, Inc. (The), Blackrock Inc. and U.S. Bancorp (Minnesota) are the top three holders in Wrap Technologies Inc. (WRTC) stock. On Mar 30, 2020, Vanguard Group, Inc. (The) has 0.55 million shares which valued 2.34 million. On Mar 30, 2020, Blackrock Inc. owned 0.46 million shares which valued at 1.97 million. On Mar 30, 2020, U.S. Bancorp (Minnesota) has a total of 0.3 million shares which valued at 1.28 million. In the end, U.S. Bancorp (Minnesota) have 1.10% shares outstanding of Wrap Technologies Inc. (WRTC) on Mar 30, 2020. The insider ownership moved to 19.80% and institutional holding shifted to 11.60%.

The company posted an EPS (TTM) of -0.31. According to the most recent quarter report on (Jun 2020), 2 analysts estimated an average EPS of -0.07. Analyst Estimated EPS for WRTC published in the report was -0.07–0.07 during the same period.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for WRTC rise 69.60% for period of 200 days. SMA for 50 days was 66.03% which is showing green signal, while SMA-20 was 37.69%. The moving average value for Wrap Technologies Inc. (WRTC) is 5.69 and 5.74 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in WRTC stock. On Jun 11, BARNES JAMES A, CFO, SECRETARY AND TREASURER, sold 6,000 trading shares at the cost of $6.73, which valued at 40380.0. On Jun 03, Rothans Michael James, CHIEF OPERATING OFFICER, sold 4,800 shares at the cost of $8.61, with total shares of 16,021.