WM Technology Inc. (MAPS) Price Target: Is It Set To Rise Or Fall In Price?

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WM Technology Inc. (NASDAQ:MAPS) finished Friday with an addition of $0.08 to close at $1.01, an upside of 8.60 percent. An average of 1,014,240 shares of common stock have been traded in the last five days. There was a gain of $0.1600 in the past week, and it reached a new high 12 times over the past 12 months. The last 20 days have seen an average of 1,340,910 shares traded, while the 50-day average volume stands at 1,275,274.

MAPS stock has decreased by -13.68% in the last month. The company shares reached their 1-month lowest point of $0.8020 on 12/27/22. With the stock rallying to its 52-week high on 03/30/22, shares of the company touched a low of $0.80 and a high of $8.35 in 52 weeks. It has reached a new high 11 times so far this year and lost -83.11% or -$4.9700 in price. In spite of this, the price is down -87.90% from the 52-week high.


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Insider Transactions

MAPS stock investors should be aware that WM Technology Inc. (MAPS) stock had its last reported insider trading activity 44 days ago on Nov 17. In this transaction, the insider spent $51,174. CTO and CIO, Dean Justin, disposed of 26,977 shares at a price of $1.20 on Nov 17. The insider now owns more than $32,389 worth of shares. Prior to that, Chief Financial Officer Lee Arden went on to Sale 28,977 shares at $1.20 each on Nov 17. An amount of $34,688 was transacted.

Valuation Metrics

WM Technology Inc. (MAPS) has a trailing price-to-earnings (P/E) ratio of 2.48. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.70, the price-to-book (PB) ratio at 0.78.

Financial Health

The quick ratio of WM Technology Inc. for the three months ended September 29 was 1.70, and the current ratio was 1.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending September 29. Its gross profit as reported stood at $185.21 million compared to revenue of $193.15 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, WM Technology Inc.’s return on assets was 7.10%.

Earnings Surprise

In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$5.16 million in the quarter, while revenues of $11.69 million were grew 503.88%. The analyst consensus anticipated WM Technology Inc.’s latest quarter earnings to come in at -$0.06 per share, but it turned out to be -$0.06, a 0.00% surprise. For the quarter, EBITDA amounted to -$17.13 million. Shareholders own equity worth $146.44 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at WM Technology Inc. (MAPS) price momentum. RSI 9-day as of the close on 30 December was 50.28%, suggesting the stock is Neutral, with historical volatility in this time frame at 96.60%.

As of today, MAPS’s price is $0.8932 +18.82% or $0.1600 from its 5-day moving average. MAPS is currently trading -12.93% lower than its 20-day SMA and -70.81% lower than its 100-day SMA. However, the stock’s current price level is -43.26% below the SMA50 and -82.82% below the SMA200.

The stochastic %K and %D were 23.75% and 14.93%, respectively, and the average true range (ATR) was 0.1059. With the 14-day stochastic at 37.96% and the average true range at 0.1196, the RSI (14) stands at 45.01%. The stock has reached 0.0207 on the 9-day MACD Oscillator while the 14-day reading was at -0.0460.

Analyst Ratings

Truist downgraded WM Technology Inc. (NASDAQ: MAPS) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for WM Technology Inc. (MAPS) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MAPS, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.

What is MAPS’s price target for the next 12 months?

Analysts predict a range of price targets between $3.00 and $5.00, with a median target of $3.98. Taking a look at these predictions, the average price target given by analysts for WM Technology Inc. (MAPS) stock is $3.99.

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