Investors Are Waking Up To WM Technology Inc (NASDAQ: MAPS) After Rising 85.09% Over The Past 12 Months

WM Technology Inc (NASDAQ:MAPS) currently has a daily average trading volume of 759.48K but it saw 4366414 shares traded in last market. With a market cap of 212.97M USD, the company’s current market price of $1.39 came rising about 13.93 while comparing to the previous closing price of $1.22. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.49 and as low as $0.69. In the recent trading on the day, stock has struck highest price mark of $1.355 while lowest mark touched by it was $1.555.

Taking a look at 20-day trading activity of WM Technology Inc (MAPS) gives us an average price of $1.2900, while its current price level is -6.71% below from 52-week high level whereas it is 100.00% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.0329 while that of 200 days or SMA-200 reads an average of $1.0338. A closer look into the stock’s movement over the week reveals that its volatility is standing at 13.65% during that period while stretching the period over a month that decreases to 10.20%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 60.94 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Truist which downgraded the stock as “Hold” in its note to investors issued on November 08, 2022, recommending a price target of between $5 and $2 for it. Stifel downgraded its recommendation for the stock as a “Hold” from “Buy” on August 10, 2022 while assigning a price target range of $10-$3.20. Piper Sandler also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $8 and $4.

Over the week, MAPS’s stock price is moving 2.96% up while it is 33.65% when we observe its performance for the past one month. Year-to-date it is 92.98% up and over the past year, the stock is showing an upside performance of 85.09%.

Currently, WM Technology Inc’s total number of outstanding shares is 97.38M. Company’s return on investment (ROI) stands at -3.23% and return on equity (ROE) at -7.37%. It has a 7.32 of forward P/E ratio. Stock’s beta reads 0.92. Stock has a price to book (P/B) ratio of 4.58 while price to sale or P/S ratio amounts to 1.19. Its return on asset (ROA) is -1.04% on average.