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WRAP

Wrap Technologies NasdaqCM:WRAP Stock Report

Last Price

US$1.84

Market Cap

US$75.4m

7D

-21.7%

1Y

-75.3%

Updated

03 Jul, 2022

Data

Company Financials +
WRAP fundamental analysis
Snowflake Score
Valuation1/6
Future Growth2/6
Past Performance0/6
Financial Health6/6
Dividends0/6

WRAP Stock Overview

Wrap Technologies, Inc., a public safety technology and services company, develops policing solutions to law enforcement and security personnel.

Wrap Technologies Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Wrap Technologies
Historical stock prices
Current Share PriceUS$1.84
52 Week HighUS$8.48
52 Week LowUS$1.60
Beta1.87
1 Month Change-17.86%
3 Month Change-33.57%
1 Year Change-75.27%
3 Year Change-67.32%
5 Year Changen/a
Change since IPO-63.20%

Recent News & Updates

Shareholder Returns

WRAPUS ElectronicUS Market
7D-21.7%-4.0%-2.2%
1Y-75.3%-23.8%-21.2%

Return vs Industry: WRAP underperformed the US Electronic industry which returned -23.8% over the past year.

Return vs Market: WRAP underperformed the US Market which returned -21.2% over the past year.

Price Volatility

Is WRAP's price volatile compared to industry and market?
WRAP volatility
WRAP Average Weekly Movement15.7%
Electronic Industry Average Movement7.5%
Market Average Movement8.1%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.3%

Stable Share Price: WRAP is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 16% a week.

Volatility Over Time: WRAP's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
201668T. Kennedyhttps://www.wrap.com

Wrap Technologies, Inc., a public safety technology and services company, develops policing solutions to law enforcement and security personnel. The company develops BolaWrap 150, a hand-held remote restraint device that discharges a Kevlar cord to restrain noncompliant individuals from a range of 10-25 feet. It operates in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Wrap Technologies Fundamentals Summary

How do Wrap Technologies's earnings and revenue compare to its market cap?
WRAP fundamental statistics
Market CapUS$75.39m
Earnings (TTM)-US$24.45m
Revenue (TTM)US$7.79m

9.7x

P/S Ratio

-3.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
WRAP income statement (TTM)
RevenueUS$7.79m
Cost of RevenueUS$5.73m
Gross ProfitUS$2.06m
Other ExpensesUS$26.51m
Earnings-US$24.45m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.60
Gross Margin26.42%
Net Profit Margin-314.05%
Debt/Equity Ratio0%

How did WRAP perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is WRAP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for WRAP?

Other financial metrics that can be useful for relative valuation.

WRAP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue5.9x
Enterprise Value/EBITDA-1.9x
PEG Ration/a

Price to Sales Ratio vs Peers

How does WRAP's PS Ratio compare to its peers?

WRAP PS Ratio vs Peers
The above table shows the PS ratio for WRAP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average62x
MICT MICT
1.3xn/aUS$73.3m
AITX Artificial Intelligence Technology Solutions
43.4xn/aUS$62.3m
RCAT Red Cat Holdings
15.6x170.7%US$109.1m
CLIR ClearSign Technologies
187.8x59.5%US$45.8m
WRAP Wrap Technologies
9.7x65.8%US$75.4m

Price-To-Sales vs Peers: WRAP is good value based on its Price-To-Sales Ratio (9.7x) compared to the peer average (62x).


Price to Earnings Ratio vs Industry

How does WRAP's PE Ratio compare vs other companies in the US Electronic Industry?

Price-To-Sales vs Industry: WRAP is expensive based on its Price-To-Sales Ratio (9.7x) compared to the US Electronic industry average (1.7x)


Price to Sales Ratio vs Fair Ratio

What is WRAP's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

WRAP PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio9.7x
Fair PS Ratio4.9x

Price-To-Sales vs Fair Ratio: WRAP is expensive based on its Price-To-Sales Ratio (9.7x) compared to the estimated Fair Price-To-Sales Ratio (4.9x).


Share Price vs Fair Value

What is the Fair Price of WRAP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate WRAP's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate WRAP's fair value for valuation analysis.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate WRAP's PEG Ratio to determine if it is good value.


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Future Growth

How is Wrap Technologies forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


23.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: WRAP is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: WRAP is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: WRAP is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: WRAP's revenue (65.8% per year) is forecast to grow faster than the US market (8.2% per year).

High Growth Revenue: WRAP's revenue (65.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if WRAP's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Wrap Technologies performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-57.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: WRAP is currently unprofitable.

Growing Profit Margin: WRAP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: WRAP is unprofitable, and losses have increased over the past 5 years at a rate of 57.1% per year.

Accelerating Growth: Unable to compare WRAP's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: WRAP is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (33.9%).


Return on Equity

High ROE: WRAP has a negative Return on Equity (-66.24%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Wrap Technologies's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: WRAP's short term assets ($36.8M) exceed its short term liabilities ($2.8M).

Long Term Liabilities: WRAP's short term assets ($36.8M) exceed its long term liabilities ($436.0K).


Debt to Equity History and Analysis

Debt Level: WRAP is debt free.

Reducing Debt: WRAP had no debt 5 years ago.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: WRAP has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: WRAP has sufficient cash runway for 1.2 years if free cash flow continues to reduce at historical rates of 54.8% each year.


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Dividend

What is Wrap Technologies's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate WRAP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate WRAP's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if WRAP's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if WRAP's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as WRAP has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

1.3yrs

Average management tenure


CEO

T. Kennedy (50 yo)

0.25

Tenure

US$157,813

Compensation

Mr. T. J. Kennedy serves as Chief Executive Officer at Wrap Technologies, Inc. since April 18, 2022 and serves its Director since April 2022. He served as an Independent Director at Wrap Technologies, Inc....


Leadership Team

Experienced Management: WRAP's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: WRAP's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: WRAP insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.8%.


Top Shareholders

Company Information

Wrap Technologies, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Wrap Technologies, Inc.
  • Ticker: WRAP
  • Exchange: NasdaqCM
  • Founded: 2016
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Implied Market Cap: US$75.385m
  • Shares outstanding: 40.97m
  • Website: https://www.wrap.com

Number of Employees


Location

  • Wrap Technologies, Inc.
  • 1817 West 4th Street
  • Tempe
  • Arizona
  • 85281
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/03 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.