As of Wednesday close, WM Technology Inc.’s (NASDAQ:MAPS) stock was down -$0.13, moving down -11.50 percent to $1.00. The average number of shares traded per day over the past five days has been 486,720 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.1400 fall in that time frame. In the last twenty days, the average volume was 337,850, while in the previous 50 days, it was 557,876.
Since last month, MAPS stock retreated -3.85%. Shares of the company fell to $0.8810 on 07/26/23, the lowest level in the past month. A 52-week high of $3.34 was reached on 02/02/23 after having rallying from a 52-week low of $0.60. Since the beginning of this year, MAPS’s stock price has dropped by -0.99% or -$0.0100, and marked a new high 9 times. However, the stock has declined by -70.06% since its 52-week high.
MAPS stock investors should be aware that WM Technology Inc. (MAPS) stock had its last reported insider trading activity 93 days ago on May 16. Lee Arden, the Chief Financial Officer of the company, disposed of 27,043 shares for $0.83 on May 16. It resulted in a $22,394 divestment by the insider. Camire Brian sold 9,957 shares at an average price of $0.83 on May 16. The insider now owns 153,764 shares following the transaction. On May 16, Chief Technology Officer Grazier Duncan sold 4,331 shares at $0.83 apiece. The transaction was valued at $3,587.
Valuation Metrics
The stock’s beta is 0.92. Besides these, the trailing price-to-sales (P/S) ratio of 0.77, the price-to-book (PB) ratio of 5.88.
Financial Health
In the recent quarter, WM Technology Inc.’s quick ratio stood at 1.20, while its current ratio was 1.20, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 92.60% percent. In the recent year, EBITDA margin amounted to -26.69%, whereas operating margins totaled -33.70%. Based on annual data, MAPS earned $200.12 million in gross profit and brought in $215.53 million in revenue.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. MAPS’s revenue fell -14.63% to $48.01 million during the quarter, while net income inched up to $50.85 million. During the quarter, the company generated $6.64 million in EBITDA. The liabilities of WM Technology Inc. were 68.27 million at the end of its most recent quarter, and its total debt was $36.32 million. The value of shareholders’ equity is $148.9 million.
Technical Picture
This quick technical analysis looks at WM Technology Inc.’s (MAPS) price momentum. With a historical volatility rate of 85.08%, the RSI 9-day stood at 40.28% on 16 August.
With respect to its five-day moving average, the current WM Technology Inc. price is down by -12.28% percent or -$0.1400. However, the stock is currently trading approximately +12.69% above its SMA50 and -49.49% below its SMA200.
Stochastic coefficient K was 45.34% and Stochastic coefficient D was 53.42%, while ATR was 0.1042. Given the Stochastic reading of 17.13% for the 14-day period, the RSI (14) reading has been calculated as 45.88%. As of today, the MACD Oscillator reading stands at -0.0456, while the 14-day reading stands at -0.0430.
Analyst Ratings
WM Technology Inc. downgraded its rating on WM Technology Inc. (NASDAQ: MAPS) to a Hold in a note to investors on November 08, 2022. The analysts firm previously had a Buy rating on the stock.WM Technology Inc. (MAPS) has been rated Overweight by analysts. According to 0 brokerage firms, MAPS is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate WM Technology Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $2.61, the current consensus forecast for the stock is $1.30 – $4.00. Based on these forecasts, analysts predict WM Technology Inc. (MAPS) will achieve an average price target of $2.48.
