Truist has recently reduced WM Technology Inc (MAPS) stock to Hold rating, as announced on November 8, 2022, according to Finviz. Earlier, on August 10, 2022, Stifel had reduced the stock from a Buy to Hold, setting a price target of $3.20 for MAPS stock. Piper Sandler also reduced Neutral rating with a price target of $4. Additionally, BTIG Research reduced Neutral rating on August 10, 2022. Cantor Fitzgerald analysts, in their report published on November 23, 2021, also initiated Overweight rating for WM Technology Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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WM Technology Inc (MAPS) Stock Trading Recap
On Monday, WM Technology Inc (MAPS) stock saw a decline, ending the day at $0.87 which represents a decrease of $-0.03 or -3.33% from the prior close of $0.9. The stock opened at $0.89 and touched a low of $0.85 during the day, reaching a high of $0.9. The volume of shares traded was 0.79 million exceeding the average volume of 0.67 million.
MAPS Stock Performance and Moving Averages
In recent trading, WM Technology Inc (MAPS) stock price has shown some volatility, fluctuating -5.84% over the last five trades and -12.02% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -33.84%, and it has plunged by -22.32% in the previous three months. Currently, MAPS is trading at -7.66%, -11.81%, and -12.27% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, MAPS, a Technology sector stock, is trading -40.82% below its 52-week high but remains 25.18% above its 52-week low. The Average True Range (ATR) (14 days) of 0.05 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
WM Technology Inc’s Profitability and Valuation Ratios
WM Technology Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 7.11% and a profit margin of -3.73%, with a gross margin of -33.84%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, WM Technology Inc’s market capitalization stands at $84.35 million. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 4.97. Additionally, the Price-to-Sales Ratio is 0.47, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 3.45, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 18.21% of WM Technology Inc (MAPS)’s shares, while financial institutions hold 34.72%.
Notable insider trades include Gordon Scott, Director at WM Technology Inc (MAPS), who sold 112994 shares on Jun 24 ’24, at $1.01 each, totaling $0.11 million. On Jun 24 ’24, Tan Fiona, Director, sold 113672 shares for $1.01 each, amounting to $0.11 million.
