WM Technology Inc (MAPS) stock hits $1.03: Is it a good time to buy or wait for a dip?

A share price of WM Technology Inc [MAPS] is currently trading at $1.03, up 10.81%. An important factor to consider is whether the stock is rising or falling in short-term value.

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From an analyst’s perspective:

WM Technology Inc [NASDAQ: MAPS] stock has seen the most recent analyst activity on November 08, 2022, when Truist downgraded its rating to a Hold and also revised its price target to $2 from $5. Previously, Stifel downgraded its rating to Hold on August 10, 2022, and dropped its price target to $3.20. On August 10, 2022, downgrade downgraded it’s rating to Neutral and revised its price target to $4 on the stock. BTIG Research downgraded its rating to a Neutral. Cantor Fitzgerald initiated its recommendation with a Overweight and recommended $11 as its price target on November 23, 2021. BTIG Research started tracking with a Buy rating for this stock on September 10, 2021, and assigned it a price target of $17.50. In a note dated September 08, 2021, Canaccord Genuity initiated an Buy rating and provided a target price of $21 on this stock.

WM Technology Inc experienced fluctuations in its stock price throughout the past year between $0.69 and $1.88. Currently, Wall Street analysts expect the stock to reach $5 within the next 12 months. WM Technology Inc [NASDAQ: MAPS] shares were valued at $1.03 at the most recent close of the market. An investor can expect a potential return of 385.44% based on the average MAPS price forecast.

Analyzing the MAPS fundamentals

Trailing Twelve Months sales for WM Technology Inc [NASDAQ:MAPS] were 179.43M which represents -9.73% decline. Gross Profit Margin for this corporation currently stands at 0.88% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at -0.06%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.33 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.19.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.9567 points at the first support level, and at 0.8833 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.0667, and for the 2nd resistance point, it is at 1.1033.

Ratios To Look Out For

To put it in perspective, the Current Ratio for WM Technology Inc [NASDAQ:MAPS] is 1.77. On the other hand, the Quick Ratio is 1.77, and the Cash Ratio is 1.36. Considering the valuation of this stock, the price to sales ratio is 0.55, the price to book ratio is 4.08.

Transactions by insiders

Recent insider trading involved Gonzalez Olga, Director, that happened on Jun 24 ’24 when 90396.0 shares were sold. Director, Freeman Brenda completed a deal on Jun 24 ’24 to sell 90396.0 shares. Meanwhile, Director Gordon Scott sold 0.11 million shares on Jun 24 ’24.

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