WidePoint (WYY) Stock Price, News & Analysis

Company Overview

WidePoint Corporation provides technology management as a service (TMaaS) to the government and business enterprises in North America and Europe. It offers TMaaS solutions through a secure federal government certified proprietary portal and secure enterprise portal that provides ability to manage, analyze, and protect communications assets, as well as deploys identity management solutions that provides secured virtual and physical access to restricted environments. The company's solutions includes telecom lifecycle management that provides customers a full visibility of its telecom assets; and mobile and identity management, a multifactor authentication solution to conduct business through a secure portals, as well as mobile security solutions that protects users, devices, and corporate resources, including effective mobile program policies. It also offers digital billing and analytics solutions to large communications service providers that enables its customers to view and analyze the bills online. In addition, the company provides IT as a service, including cybersecurity, cloud services, network operations, and professional services; outsourcing solution; development operations support, artificial intelligence implementation, and the Microsoft stack of technologies; and migration to the cloud services. WidePoint Corporation was founded in 1991 and is headquartered in Fairfax, Virginia.

Key Stats

• Today's Range: $4.63 to $5.20
• 50-Day Range: N/A
• 52-Week Range: $1.65 to $5.31
• Volume: 105,237 shs
• Average Volume: 76,726 shs
• Market Capitalization: $48.51 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $7.00
• Consensus Rating: Strong Buy

WidePoint Stock Analysis - MarketRank™

WidePoint scored higher than 65% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.8 / 5
• Analyst Rating: Strong Buy

Consensus Rating

WidePoint has received a consensus rating of Strong Buy. The company's average rating score is 3.50, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

WidePoint has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for WidePoint are expected to grow in the coming year, from ($0.26) to ($0.12) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of WidePoint is -15.77, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of WidePoint is -15.77, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

WidePoint has a P/B Ratio of 3.47. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.68% of the float of WidePoint has been sold short.

Short Interest Ratio / Days to Cover

WidePoint has a short interest ratio ("days to cover") of 0.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in WidePoint has recently increased by 14.41%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

WidePoint does not currently pay a dividend.

Dividend Growth

WidePoint does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.68% of the float of WidePoint has been sold short.

Short Interest Ratio / Days to Cover

WidePoint has a short interest ratio ("days to cover") of 0.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in WidePoint has recently increased by 14.41%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.60

News Sentiment

WidePoint has a news sentiment score of 0.60. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for WidePoint this week, compared to 1 article on an average week.

Search Interest

Only 3 people have searched for WYY on MarketBeat in the last 30 days. This is a decrease of -63% compared to the previous 30 days.

MarketBeat Follows

2 people have added WidePoint to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, WidePoint insiders have sold 123.72% more of their company's stock than they have bought. Specifically, they have bought $17,000.00 in company stock and sold $38,032.00 in company stock.

Percentage Held by Insiders

14.60% of the stock of WidePoint is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 22.60% of the stock of WidePoint is held by institutions.

WYY Stock Analysis - Frequently Asked Questions

How have WYY shares performed this year?

WidePoint's stock was trading at $3.66 on January 1st, 2024. Since then, WYY stock has increased by 33.6% and is now trading at $4.89.
View the best growth stocks for 2024 here.

How were WidePoint's earnings last quarter?

WidePoint Co. (NYSEAMERICAN:WYY) announced its earnings results on Wednesday, August, 14th. The technology company reported ($0.05) earnings per share for the quarter, beating analysts' consensus estimates of ($0.08) by $0.03. The technology company earned $36.04 million during the quarter, compared to the consensus estimate of $29.64 million. WidePoint had a negative net margin of 2.19% and a negative trailing twelve-month return on equity of 20.51%.

When did WidePoint's stock split?

Shares of WidePoint reverse split before market open on Saturday, November 6th 2021. The 1-10 reverse split was announced on Saturday, November 6th 2021. The number of shares owned by shareholders was adjusted after the market closes on Tuesday, November 9th 2021. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

Who are WidePoint's major shareholders?

Top institutional investors of WidePoint include Summit Financial Strategies Inc. (1.03%) and Essex Investment Management Co. LLC (0.48%). Insiders that own company stock include Jin Kang, Jason Holloway, Todd Dzyak, Philip N Garfinkle, Robert J George and Julia A Bowen.
View institutional ownership trends.

How do I buy shares of WidePoint?

Shares of WYY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of WidePoint own?

Based on aggregate information from My MarketBeat watchlists, some other companies that WidePoint investors own include Micron Technology (MU), Avino Silver & Gold Mines (ASM), Avino Silver & Gold Mines (ASM), Athersys (ATHX), AT&T (T), Ampio Pharmaceuticals (AMPE) and Dynavax Technologies (DVAX).

Company Calendar

• Last Earnings: 8/14/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSEAMERICAN
• Sector: Computer and Technology
• Industry: Computer integrated systems design
• Sub-Industry: Computer Software
• Current Symbol: NYSEAMERICAN:WYY
• Previous Symbol: NYSEMKT:WYY
• CUSIP: N/A
• CIK: 1034760
• Web: www.widepoint.com
• Phone: (703) 349-2577
• Fax: 703-848-3560
• Employees: 280
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $7.00
• High Stock Price Target: $7.00
• Low Stock Price Target: $7.00
• Potential Upside/Downside: +41.4%
• Consensus Rating: Strong Buy
• Rating Score (0-4): 3.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.31)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-4,050,000.00
• Net Margins: -2.19%
• Pretax Margin: -2.17%
• Return on Equity: -20.51%
• Return on Assets: -5.26%

Debt

• Debt-to-Equity Ratio: 0.27
• Current Ratio: 1.07
• Quick Ratio: 1.07

Sales & Book Value

• Annual Sales: $106.03 million
• Price / Sales: 0.46
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.41 per share
• Price / Book: 3.51

Miscellaneous

• Outstanding Shares: 9,800,000
• Free Float: 8,371,000
• Market Cap: $48.51 million
• Optionable: Not Optionable
• Beta: 1.65