Wrap Technologies Inc (NASDAQ:WRAP) shares, rose in value on Wednesday, June 18, with the stock price down by -6.13% to the previous day’s close as strong demand from buyers drove the stock to $1.53.
Actively observing the price movement in the last trading, the stock closed the session at $1.63, falling within a range of $1.5 and $1.61. The value of beta (5-year monthly) was 1.229. Referring to stock’s 52-week performance, its high was $2.58, and the low was $1.29. On the whole, WRAP has fluctuated by 6.25% over the past month.
With the market capitalization of Wrap Technologies Inc currently standing at about $77.38 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2023-Mar-01.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that WRAP’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of WRAP currently trading nearly 1.41% and 2.06% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.10, while the 7-day volatility ratio is showing 4.50% which for the 30-day chart, stands at 5.82%. Furthermore, Wrap Technologies Inc (WRAP)’s beta value is 1.23, and its average true range (ATR) is 0.12.
A comparison of Wrap Technologies Inc (WRAP) with its peers suggests the former has fared considerably weaker in the market. WRAP showed an intraday change of -6.13% in last session, and over the past year, it grew by 25.41%%.
Data on historical trading for Wrap Technologies Inc (NASDAQ:WRAP) indicates that the trading volumes over the past 10 days have averaged 0.29 and over the past 3 months, they’ve averaged 142.88K. According to company’s latest data on outstanding shares, there are 50.49 million shares outstanding.
Nearly 33.60% of Wrap Technologies Inc’s shares belong to company insiders and institutional investors own 8.73% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.32 million shares as on 2025-05-30, resulting in a short ratio of 44.51. According to the data, the short interest in Wrap Technologies Inc (WRAP) stood at 1535.00 of shares outstanding as of 2025-05-30; the number of short shares registered in 2025-04-30 reached 5.25 million. The stock has fallen by -27.83% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WRAP stock heading into the next quarter.
