Look For Institutional Buying In WM Technology Inc (NASDAQ: MAPS)

WM Technology Inc (MAPS) concluded trading on Wednesday at a closing price of $1.39, with 4.37 million shares of worth about $6.07 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 24.11% during that period and on December 18, 2024 the price saw a gain of about 13.93%. Currently the company’s common shares owned by public are about 97.38M shares, out of which, 75.96M shares are available for trading.

Stock saw a price change of 2.96% in past 5 days and over the past one month there was a price change of 33.65%. Year-to-date (YTD), MAPS shares are showing a performance of 92.98% which increased to 85.09% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.69 but also hit the highest price of $1.49 during that period. The average intraday trading volume for WM Technology Inc shares is 759.48K. The stock is currently trading 7.75% above its 20-day simple moving average (SMA20), while that difference is up 34.58% for SMA50 and it goes to 34.46% higher than SMA200.

WM Technology Inc (NASDAQ: MAPS) currently have 97.38M outstanding shares and institutions hold larger chunk of about 35.38% of that.

The stock has a current market capitalization of $212.97M and its 3Y-monthly beta is at 0.92. It has posted earnings per share of -$0.02 in the same period. It has Quick Ratio of 2.14 while making debt-to-equity ratio of 1.05. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MAPS, volatility over the week remained 13.65% while standing at 10.20% over the month.

Stock’s fiscal year EPS is expected to rise by 950.42% while it is estimated to increase by 52.00% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Truist on November 08, 2022 offering a Hold rating for the stock and assigned a target price range of between $5 and $2 to it. Coverage by Stifel stated WM Technology Inc (MAPS) stock as a Hold in their note to investors on August 10, 2022, suggesting a price target of $3.20 for the stock. Stock get an Overweight rating from Cantor Fitzgerald on November 23, 2021.

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