Wrap Technologies Stock Beta
| WRAP Stock | USD 1.67 0.02 1.21% |
Wrap Technologies fundamentals help investors to digest information that contributes to Wrap Technologies' financial success or failures. It also enables traders to predict the movement of Wrap Stock. The fundamental analysis module provides a way to measure Wrap Technologies' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Wrap Technologies stock.
Wrap | Beta |
Wrap Technologies Company Beta Analysis
Wrap Technologies' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Wrap Technologies Beta | 1.52 |
Most of Wrap Technologies' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Wrap Technologies is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Wrap Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Wrap Technologies is extremely important. It helps to project a fair market value of Wrap Stock properly, considering its historical fundamentals such as Beta. Since Wrap Technologies' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Wrap Technologies' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Wrap Technologies' interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Wrap Technologies has a Beta of 1.518. This is 43.21% higher than that of the Electronic Equipment, Instruments & Components sector and 39.27% higher than that of the Information Technology industry. The beta for all United States stocks is notably lower than that of the firm.
Wrap Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Wrap Technologies' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Wrap Technologies could also be used in its relative valuation, which is a method of valuing Wrap Technologies by comparing valuation metrics of similar companies.Wrap Technologies is currently under evaluation in beta category among related companies.
Wrap Technologies Current Valuation Drivers
We derive many important indicators used in calculating different scores of Wrap Technologies from analyzing Wrap Technologies' financial statements. These drivers represent accounts that assess Wrap Technologies' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Wrap Technologies' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 183.1M | 163.5M | 154.4M | 69.6M | 80.0M | 141.9M | |
| Enterprise Value | 166.4M | 147.2M | 149.5M | 64.6M | 74.2M | 129.7M |
Wrap Technologies Institutional Holders
Institutional Holdings refers to the ownership stake in Wrap Technologies that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Wrap Technologies' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Wrap Technologies' value.| Shares | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 73.6 K | Lpl Financial Corp | 2023-12-31 | 66.7 K | Main Street Financial Solutions, Llc (pa) | 2024-03-31 | 61.9 K | Welch Group, Llc | 2024-03-31 | 51.3 K | Northern Trust Corp | 2023-12-31 | 45.3 K | Millennium Management Llc | 2024-03-31 | 44.3 K | Jane Street Group, Llc | 2023-12-31 | 39.7 K | Commonwealth Equity Services Inc | 2023-12-31 | 39.1 K | Bridgeway Capital Management, Llc | 2023-12-31 | 38.4 K | Vanguard Group Inc | 2024-03-31 | 1.2 M | Blackrock Inc | 2023-12-31 | 497.6 K |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Wrap Technologies will likely underperform.
Wrap Fundamentals
| Return On Equity | -0.61 | ||||
| Return On Asset | -0.31 | ||||
| Profit Margin | (1.68) % | ||||
| Operating Margin | (0.76) % | ||||
| Current Valuation | 61.16 M | ||||
| Shares Outstanding | 44.21 M | ||||
| Shares Owned By Insiders | 36.79 % | ||||
| Shares Owned By Institutions | 11.83 % | ||||
| Number Of Shares Shorted | 5.57 M | ||||
| Price To Earning | (6.00) X | ||||
| Price To Book | 4.01 X | ||||
| Price To Sales | 8.09 X | ||||
| Revenue | 9.13 M | ||||
| Gross Profit | 3.73 M | ||||
| EBITDA | (14.89 M) | ||||
| Net Income | (15.35 M) | ||||
| Cash And Equivalents | 28.5 M | ||||
| Cash Per Share | 0.69 X | ||||
| Total Debt | 301 K | ||||
| Debt To Equity | 0.01 % | ||||
| Current Ratio | 12.76 X | ||||
| Book Value Per Share | 0.43 X | ||||
| Cash Flow From Operations | (16.48 M) | ||||
| Short Ratio | 20.97 X | ||||
| Earnings Per Share | (0.38) X | ||||
| Target Price | 2.5 | ||||
| Number Of Employees | 69 | ||||
| Beta | 1.52 | ||||
| Market Capitalization | 73.84 M | ||||
| Total Asset | 30.57 M | ||||
| Retained Earnings | (67.38 M) | ||||
| Working Capital | 23.7 M | ||||
| Current Asset | 74 K | ||||
| Current Liabilities | 43 K | ||||
| Net Asset | 30.57 M |
About Wrap Technologies Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Wrap Technologies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Wrap Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Wrap Technologies based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Try AI Portfolio ArchitectCheck out Wrap Technologies Piotroski F Score and Wrap Technologies Altman Z Score analysis. To learn how to invest in Wrap Stock, please use our How to Invest in Wrap Technologies guide.Note that the Wrap Technologies information on this page should be used as a complementary analysis to other Wrap Technologies' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Complementary Tools for Wrap Stock analysis
When running Wrap Technologies' price analysis, check to measure Wrap Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Wrap Technologies is operating at the current time. Most of Wrap Technologies' value examination focuses on studying past and present price action to predict the probability of Wrap Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wrap Technologies' price. Additionally, you may evaluate how the addition of Wrap Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Wrap Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Wrap Technologies. If investors know Wrap will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Wrap Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.38) | Revenue Per Share 0.218 | Quarterly Revenue Growth 1.135 | Return On Assets (0.31) | Return On Equity (0.61) |
The market value of Wrap Technologies is measured differently than its book value, which is the value of Wrap that is recorded on the company's balance sheet. Investors also form their own opinion of Wrap Technologies' value that differs from its market value or its book value, called intrinsic value, which is Wrap Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Wrap Technologies' market value can be influenced by many factors that don't directly affect Wrap Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Wrap Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Wrap Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wrap Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.