Analysts Expect WidePoint Co. (NYSE:WYY) to Post ($0.01) EPS
Shares of WidePoint Co. (NYSE:WYY) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation. WidePoint’s rating score has improved by 50% from three months ago as a result of various analysts’ ratings changes.
Brokers have set a 1-year consensus target price of $1.50 for the company and are expecting that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also assigned WidePoint an industry rank of 178 out of 265 based on the ratings given to its competitors.
WYY has been the topic of a number of research reports. Zacks Investment Research downgraded WidePoint from a “hold” rating to a “sell” rating in a research note on Friday, August 12th. B. Riley reaffirmed a “buy” rating and set a $1.50 price target on shares of WidePoint in a research note on Tuesday, August 9th.
Shares of WidePoint (NYSE:WYY) opened at 0.385 on Tuesday. The company’s 50-day moving average price is $0.48 and its 200 day moving average price is $0.64. WidePoint has a 12-month low of $0.37 and a 12-month high of $1.21. The firm’s market capitalization is $31.85 million.
WidePoint Corporation is a provider of information technology (IT)-based products, services and solutions. The Company offers secure, cloud-based, enterprise-wide IT-based solutions that enable commercial markets, and federal and state government organizations, to deploy fully compliant IT services in accordance with government-mandated regulations and advanced system requirements.
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