Where Will Wrap Technologies Inc (WRAP) Stock Go Next After It Has Fallen 18.18% in a Week?

Wrap Technologies Inc (WRAP) stock has fallen 18.18% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator.

Wrap Technologies Inc has a Neutral 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. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With WRAP Stock Today?

Wrap Technologies Inc (WRAP) stock has fallen -0.96% while the S&P 500 has risen 0.07% as of 12:07 PM on Thursday, Mar 28. WRAP is lower by -$0.02 from the previous closing price of $2.19 on volume of 202,621 shares. Over the past year the S&P 500 has gained 32.26% while WRAP has risen 29.34%. WRAP lost -$0.37 per share in the over the last 12 months.

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.