Wrap Technologies, Inc.
Updated

WRAP , Watch this ...

147
May have caught this early and I like the story .

Check out the sales per quarter , exponential growth rate quarter over quarter ( from 0.1 million in June 2019 to 1.4 million in Dec2020) . That's very huge growth! . Eps however , has been at a loss which has increased from -0.07 to -0.10 cents in the same period .

The found ownership has gone up in that period from 68 to 74 funds , and that accounts for 28% of ownership and management owns 55% at this time . We are below the 200 dma but looks like we are pushing up and earnings is tomorrow amc. I will be interested to see what reaction occurs with earnings . If there is a gap or run up above 200dma I may take a starter , which could be added to on a successful retest of 200 dma and or break up into pivot of subsequent base formed . Note, We have the increase in sales but eps needs to start reflecting too for this to get good. And based on the build of volume I see , I think that some players may be expecting some good earnings in terms of sales but ALSO eps this time around . The technical reaction will give us a good hint of how to play....

Could be a good uptrend about to begin though .

Note
Found is a typo , supposed to say "fund"

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