Should You Buy Wrap Technologies Inc (WRAP) Stock After it Has Fallen 6.73% in a Week?

Wrap Technologies Inc (WRAP) stock is lower by 6.73% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Wrap Technologies Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on WRAP!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With WRAP Stock Today?

Wrap Technologies Inc (WRAP) stock has fallen -8.28% while the S&P 500 has gained 0.59% as of 1:18 PM on Monday, Nov 20. WRAP is lower by -$0.25 from the previous closing price of $3.02 on volume of 398,462 shares. Over the past year the S&P 500 has gained 14.96% while WRAP has gained 20.43%. WRAP lost -$0.37 per share in the over the last 12 months. To screen for more stocks like Wrap Technologies Inc click here.

More About Wrap Technologies Inc

Wrap Technologies Inc offers public safety technologies and services. The firm develops policing solutions to law enforcement and security personnel. Its BolaWRAP 150 Remote Restraint device is a patented hand-held tool that discharges a Kevlar cord to restrain noncompliant individuals from a range of 10-25 feet. The group operates in the Americas Europe the Middle East Africa and the Asia Pacific. Click Here to get the full Stock Report for Wrap Technologies Inc stock.