Wrap Technologies (NASDAQ:WRAP) Trading 2.1% Higher - Should You Buy?

Key Points

• Shares rose about 2.1% to $1.46 on Thursday but volume was light at 158,409 shares (down 68% vs. the average); the 50-day and 200-day moving averages are $1.60 and $2.14, respectively.
• Analysts hold a consensus Sell rating after Weiss Ratings reissued a "sell (d-)" on April 8.
• Fundamentals are weak: Q1 EPS was ($0.08) (slightly beating estimates) while revenue of $1.40M missed expectations, the company reports a negative net margin (-198.63%) and negative ROE, insiders own 33.26% (including a recent sale of 80,000 shares), and institutional ownership is only 8.82% despite some funds adding positions.

Shares of Wrap Technologies, Inc. (NASDAQ:WRAP - Get Free Report) traded up 2.1% during trading on Thursday . The company traded as high as $1.48 and last traded at $1.46. 158,409 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 496,080 shares. The stock had previously closed at $1.43.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of Wrap Technologies in a report on Wednesday, April 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of "Sell".

Wrap Technologies Stock Performance

The business's fifty day moving average is $1.60 and its 200-day moving average is $2.14. The firm has a market cap of $81.03 million, a P/E ratio of -6.95 and a beta of 1.52.

Wrap Technologies (NASDAQ:WRAP - Get Free Report) last issued its quarterly earnings data on Thursday, March 26th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.10) by $0.02. The business had revenue of $1.40 million during the quarter, compared to analyst estimates of $1.61 million. Wrap Technologies had a negative net margin of 198.63% and a negative return on equity of 103.50%.

Insider Transactions at Wrap Technologies

In related 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 shares were sold at an average price of $2.21, for a total value of $176,800.00. Following the completion of the transaction, the insider owned 5,303,033 shares in the company, valued at $11,719,702.93. This trade represents a 1.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 33.26% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. State Street Corp increased its position in Wrap Technologies by 16.2% during the 4th quarter. State Street Corp now owns 129,667 shares of the company's stock valued at $309,000 after purchasing an additional 18,100 shares during the period. Jane Street Group LLC increased its position in Wrap Technologies by 417.6% during the 4th quarter. Jane Street Group LLC now owns 120,272 shares of the company's stock valued at $286,000 after purchasing an additional 97,035 shares during the period. Renaissance Technologies LLC increased its position in Wrap Technologies by 236.0% during the 4th quarter. Renaissance Technologies LLC now owns 156,900 shares of the company's stock valued at $373,000 after purchasing an additional 110,200 shares during the period. Geode Capital Management LLC increased its position in Wrap Technologies by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 407,287 shares of the company's stock valued at $970,000 after purchasing an additional 6,340 shares during the period. Finally, Raymond James Financial Inc. increased its position in Wrap Technologies by 6.0% during the 3rd quarter. Raymond James Financial Inc. now owns 646,853 shares of the company's stock valued at $1,404,000 after purchasing an additional 36,429 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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