As of Thursday close, WM Technology Inc.’s (NASDAQ:MAPS) stock was down -$0.28, moving down -18.67 percent to $1.22. The average number of shares traded per day over the past five days has been 595,240 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.3900 fall in that time frame. In the last twenty days, the average volume was 615,585, while in the previous 50 days, it was 453,896.
Since last month, MAPS stock rose 7.02%. Shares of the company fell to $1.0700 on 08/24/23, the lowest level in the past month. A 52-week high of $2.81 was reached on 09/05/23 after having rallying from a 52-week low of $0.60. Since the beginning of this year, MAPS’s stock price has risen by 20.79% or $0.2100, and marked a new high 12 times. However, the stock has declined by -56.58% since its 52-week high.
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MAPS stock investors should be aware that WM Technology Inc. (MAPS) stock had its last reported insider trading activity 10 days ago on Sep 12. Gonzalez Olga, the Director of the company, disposed of 20,636 shares for $1.55 on Sep 12. It resulted in a $31,914 divestment by the insider. BAY ANTHONY sold 20,024 shares at an average price of $1.63 on Sep 11. The insider now owns 323,254 shares following the transaction. On Sep 07, Director Tan Fiona sold 25,948 shares at $1.44 apiece. The transaction was valued at $37,443.
Valuation Metrics
The stock’s beta is 0.86. Besides these, the trailing price-to-sales (P/S) ratio of 0.95, the price-to-book (PB) ratio of 5.55.
Financial Health
In the three months ended June 29, WM Technology Inc.’s quick ratio stood at 1.40, while its current ratio was 1.40, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 92.70% percent. In the year ended June 29, EBITDA margin amounted to -26.69%, whereas operating margins totaled -21.50%. 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. While analysts expected WM Technology Inc. to report -$0.03 quarterly earnings, the actual figure was $0.01 per share, beating the consensus estimate by 133.30%. 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 ended June 29, 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 128.01%, the RSI 9-day stood at 34.05% on 21 September.
With respect to its five-day moving average, the current WM Technology Inc. price is down by -24.22% percent or -$0.3900. At present, MAPS shares trade +7.02% above its 20-day simple moving average and +68.32% percent above its 100-day simple moving average. However, the stock is currently trading approximately +28.50% above its SMA50 and -9.63% below its SMA200.
Stochastic coefficient K was 22.39% and Stochastic coefficient D was 34.49%, while ATR was 0.1970. Given the Stochastic reading of 10.81% for the 14-day period, the RSI (14) reading has been calculated as 41.82%. As of today, the MACD Oscillator reading stands at -0.1094, while the 14-day reading stands at -0.1399.
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 2 recommending it as overweight.
With a median target price of $2.06, the current consensus forecast for the stock is $1.30 – $3.00. Based on these forecasts, analysts predict WM Technology Inc. (MAPS) will achieve an average price target of $2.10.
