WidePoint (NYSEAMERICAN:WYY) Shares Pass Above 50 Day Moving Average - Time to Sell?

Key Points

• Technical breakout: WidePoint shares passed above their 50‑day moving average ($4.91) Monday, trading as high as $9.32 and last at $8.85 on volume of 403,488, signaling a sharp short‑term rally.
• Analyst views are mixed: the consensus rating is a "Moderate Buy" with a $8.67 price target (three Buys, one Sell), but Zacks cut it to "strong sell" while HC Wainwright reaffirmed a Buy with a $9 target.
• Weak fundamentals/earnings miss: market cap is $87.35M with a negative P/E, and WidePoint missed quarterly EPS (‑$0.09 vs. ‑$0.01 estimate) despite modest revenue outperformance, with analysts forecasting about ‑$0.08 EPS for the year.

WidePoint Corporation (NYSEAMERICAN:WYY - Get Free Report) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $4.91 and traded as high as $9.32. WidePoint shares last traded at $8.85, with a volume of 403,488 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on WYY shares. Zacks Research cut WidePoint from a "hold" rating to a "strong sell" rating in a research report on Monday, March 30th. HC Wainwright reaffirmed a "buy" rating and issued a $9.00 price objective on shares of WidePoint in a research report on Monday, March 30th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $8.67.

WidePoint Stock Performance

The firm has a market capitalization of $87.35 million, a price-to-earnings ratio of -30.52 and a beta of 1.59. The company has a fifty day moving average of $4.91 and a two-hundred day moving average of $5.80.

WidePoint (NYSEAMERICAN:WYY - Get Free Report) last released its quarterly earnings results on Wednesday, March 25th. The technology company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.08). The firm had revenue of $42.32 million for the quarter, compared to analyst estimates of $40.28 million. WidePoint had a negative return on equity of 22.35% and a negative net margin of 1.83%. Equities analysts forecast that WidePoint Corporation will post -0.08 EPS for the current year.

Institutional Trading of WidePoint

Several hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its holdings in WidePoint by 194.5% during the 4th quarter. NewEdge Advisors LLC now owns 46,028 shares of the technology company's stock worth $247,000 after purchasing an additional 30,397 shares during the last quarter. State Street Corp increased its stake in WidePoint by 9.7% during the 4th quarter. State Street Corp now owns 27,153 shares of the technology company's stock worth $146,000 after acquiring an additional 2,400 shares during the period. Jane Street Group LLC increased its stake in WidePoint by 98.6% during the 4th quarter. Jane Street Group LLC now owns 52,751 shares of the technology company's stock worth $283,000 after acquiring an additional 26,193 shares during the period. Renaissance Technologies LLC increased its stake in WidePoint by 3.0% during the 4th quarter. Renaissance Technologies LLC now owns 132,098 shares of the technology company's stock worth $709,000 after acquiring an additional 3,898 shares during the period. Finally, Informed Momentum Co LLC bought a new position in WidePoint during the 4th quarter worth $527,000. 22.60% of the stock is owned by institutional investors and hedge funds.

WidePoint Company Profile

WidePoint Corporation (NYSE American: WYY) is a provider of secure mobility management and identity management solutions. Headquartered in Reston, Virginia, the company delivers a range of managed services designed to help organizations control and secure their telecommunications and IT environments. Since its inception in the late 1990s, WidePoint has focused on helping businesses and government agencies optimize their mobile device portfolios and ensure regulatory compliance.

WidePoint's core offerings include mobile device management, telecom expense management, and unified endpoint security.

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