Wrap Technologies (NASDAQ:WRAP) Stock Price Down 4.5% - What's Next?

Key Points

• Shares fell 4.5% to about $1.47 on Wednesday (intraday low $1.45) with 228,039 shares traded—below average volume—and the stock sits well under its 50‑day ($2.02) and 200‑day ($2.22) moving averages; market cap is ~$80.12M and the P/E is -4.90.
• Negative analyst and insider signals: Weiss Ratings reissued a "sell (D-)" and the consensus is "Sell," while major shareholder Elwood G. Norris sold 80,000 shares at $2.21; insiders still own 33.26% of the stock.
• Company profile: Wrap Technologies makes the BolaWrap, a less‑lethal remote restraint device for law enforcement that deploys a Kevlar‑reinforced cord to immobilize individuals up to 25 feet to support de‑escalation.

Wrap Technologies, Inc. (NASDAQ:WRAP - Get Free Report) fell 4.5% during trading on Wednesday . The stock traded as low as $1.45 and last traded at $1.47. 228,039 shares were traded during mid-day trading, a decline of 8% from the average session volume of 247,481 shares. The stock had previously closed at $1.54.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of Wrap Technologies in a research note on Friday, January 9th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of "Sell".

Wrap Technologies Trading Down 4.5%

The firm has a market capitalization of $80.12 million, a price-to-earnings ratio of -4.90 and a beta of 1.51. The company's 50 day moving average is $2.02 and its 200-day moving average is $2.22.

Insider Activity

In other news, major shareholder Elwood G. Norris sold 80,000 shares of the firm's stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $2.21, for a total value of $176,800.00. Following the completion of the sale, the insider directly owned 5,303,033 shares of the company's stock, valued at $11,719,702.93. This trade represents a 1.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 33.26% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Wrap Technologies

A number of large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its position in Wrap Technologies by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 407,287 shares of the company's stock worth $970,000 after purchasing an additional 6,340 shares during the period. Osaic Holdings Inc. raised its position in shares of Wrap Technologies by 13.6% in the second quarter. Osaic Holdings Inc. now owns 53,708 shares of the company's stock valued at $84,000 after purchasing an additional 6,442 shares during the period. HRT Financial LP acquired a new stake in shares of Wrap Technologies during the 4th quarter worth about $27,000. Squarepoint Ops LLC lifted its stake in shares of Wrap Technologies by 45.3% during the 3rd quarter. Squarepoint Ops LLC now owns 50,209 shares of the company's stock worth $109,000 after buying an additional 15,650 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Wrap Technologies by 16.2% during the 4th quarter. State Street Corp now owns 129,667 shares of the company's stock worth $309,000 after buying an additional 18,100 shares during the period. Institutional investors own 8.82% of the company's stock.

Wrap Technologies Company Profile

Wrap Technologies, Inc NASDAQ: WRAP is a designer and manufacturer of less-lethal restraint devices aimed at law enforcement and security professionals. Its flagship product, the BolaWrap®, is a handheld remote restraint tool that deploys a Kevlar-reinforced cord to safely immobilize individuals from a distance of up to 25 feet. The system is engineered to support de-escalation tactics and reduce reliance on physical force in high-risk encounters.

Based in Scottsdale, Arizona, Wrap Technologies oversees product development, testing and training at its headquarters.

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