WM Technology Inc. (NASDAQ: MAPS) stock fell -1.61% on Tuesday to $1.22 against a previous-day closing price of $1.24. With 0.62 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.14 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $1.3400 whereas the lowest price it dropped to was $1.2000. The 52-week range on MAPS shows that it touched its highest point at $8.35 and its lowest point at $0.80 during that stretch. It currently has a 1-year price target of $3.99.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MAPS was up-trending over the past week, with a rise of 5.17%, but this was up by 31.59% over a month. Three-month performance dropped to -33.70% while six-month performance fell -63.36%. The stock lost -73.76% in the past year, while it has gained 20.79% so far this year. A look at the trailing 12-month EPS for MAPS yields 0.41 with Next year EPS estimates of -0.19. For the next quarter, that number is -0.13. This implies an EPS growth rate of 152.70% for this year and 17.40% for next year.
Float and Shares Shorts:
At present, 89.55 million MAPS shares are outstanding with a float of 74.07 million shares on hand for trading. On Oct 13, 2022, short shares totaled 3.63 million, which was 4.08% higher than short shares on Sep 14, 2022. In addition to Mr. Douglas Francis as the firm’s Co-Founder & Exec. Chair, Mr. Christopher L. Beals serves as its CEO & Director.
Through their ownership of 57.48% of MAPS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 28.74% of MAPS, in contrast to 22.29% held by mutual funds. Shares owned by individuals account for 21.89%. As the largest shareholder in MAPS with 8.09% of the stake, Senvest Management LLC holds 7,359,605 shares worth 7,359,605. A second-largest stockholder of MAPS, The Vanguard Group, Inc., holds 6,305,584 shares, controlling over 6.93% of the firm’s shares. ETF Managers Group LLC is the third largest shareholder in MAPS, holding 4,188,384 shares or 4.61% stake. With a 4.38% stake in MAPS, the ETFMG Alternative Harvest ETF is the largest stakeholder. A total of 3,978,924 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 3.52% of MAPS stock, is the second-largest Mutual Fund holder. It holds 3,203,513 shares valued at 3.24 million. iShares Russell 2000 ETF holds 1.76% of the stake in MAPS, owning 1,603,832 shares worth 1.62 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MAPS since 6 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With MAPS analysts setting a high price target of $5.00 and a low target of $3.00, the average target price over the next 12 months is $3.99. Based on these targets, MAPS could surge 309.84% to reach the target high and rise by 145.9% to reach the target low. Reaching the average price target will result in a growth of 227.05% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. MAPS will report FY 2022 earnings on 02/22/2024. Analysts have provided yearly estimates in a range of -$0.11 being high and -$0.29 being low. For MAPS, this leads to a yearly average estimate of -$0.18. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. WM Technology Inc. surprised analysts by -$0.01 when it reported -$0.06 EPS against a consensus estimate of -$0.05. The surprise factor in the prior quarter was $0.17. Based on analyst estimates, the high estimate for the next quarter is -$0.05 and the low estimate is -$0.21. The average estimate for the next quarter is thus -$0.11.
Summary of Insider Activity:
Insiders traded MAPS stock several times over the past three months with 0 Buys and 6 Sells. In these transactions, 0 shares were bought while 156,099 shares were sold. The number of buy transactions has increased to 7 while that of sell transactions has risen to 19 over the past year. The total number of shares bought during that period was 324,715 while 473,154 shares were sold.