Should You Buy Wrap Technologies Inc (WRAP) Stock After it Has Gained 36.96% in a Week?

Overall market sentiment has been high on Wrap Technologies Inc (WRAP) stock lately. WRAP receives a Bullish rating from InvestorsObserver Stock 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?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With WRAP Stock Today?

Wrap Technologies Inc (WRAP) stock is trading at $1.89 as of 10:28 AM on Monday, Oct 30, a gain of $0.15, or 8.34% from the previous closing price of $1.74. The stock has traded between $1.77 and $1.90 so far today. Volume today is above average. So far 193,957 shares have traded compared to average volume of 89,541 shares.

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.