WM Technology Inc (NASDAQ:MAPS) price on Wednesday, February 05, rose 1.41% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.44.
A look at the stock’s price movement, the close in the last trading session was $1.42, moving within a range at $1.4 and $1.47. The beta value (5-Year monthly) was 0.778. Turning to its 52-week performance, $1.65 and $0.70 were the 52-week high and 52-week low respectively. Overall, MAPS moved -1.37% over the past month.
WM Technology Inc’s market cap currently stands at around $220.63 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 46M for the company’s revenue for the quarter, with a low and high estimate of 46M and 46M respectively. The average forecast suggests up to a 11.09% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 182.84M, representing a -2.74% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MAPS is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 2 recommend MAPS as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
MAPS’s current price about 5.69% and 5.54% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 56.86, while 7-day volatility ratio is 5.89% and 6.11% in the 30-day chart. Further, WM Technology Inc (MAPS) has a beta value of 0.93, and an average true range (ATR) of 0.09. Analysts have given the company’s stock an average 52-week price target of $5, forecast between a low of $3 and high of $7. Looking at the price targets, the low is -108.33% off current price level while to achieve the yearly target high, price needs to move -386.11%. Nonetheless, investors will most likely welcome a -247.22% jump to $5 which is the analysts’ median price.
If we refocus on WM Technology Inc (NASDAQ:MAPS), historical trading data shows that trading volumes averaged 1.04 over the past 10 days and 1.28 million over the past 3 months. The company’s latest data on shares outstanding shows there are 97.38 million shares.
The 24.21% of WM Technology Inc’s shares are in the hands of company insiders while institutional holders own 35.76% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.66 million on 2025-01-15, giving us a short ratio of 1.74. The data shows that as of 2025-01-15 short interest in WM Technology Inc (MAPS) stood at 305.0 of shares outstanding, with shares short rising to 2.15 million registered in 2024-12-13. Current price change has pushed the stock 4.35% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MAPS stock continues to rise going into the next quarter.
