Widepoint Corp - LONGStock traders may advise shareholders and help manage portfolios. Traders engage in buying and selling bonds, stocks, futures and shares in hedge funds. A stock trader also conducts extensive research and observation of how financial markets perform. This is accomplished through economic and microeconomic study; consequently, more advanced stock traders will delve into macroeconomics and industry specific technical analysis to track asset or corporate performance. Other duties of a stock trader include comparison of financial analysis to current and future regulation of his or her occupation.
WYY trade ideas
WYY | Insider BuyingWidePoint 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 federal government certified proprietary portal to manage, analyze, and protect communications assets, as well as deploy identity management solutions that provide secured virtual and physical access to restricted environments. The company provides telecom lifecycle management, mobile and identity management, and digital billing and analytics solutions. It also offers information technology as a service, including cybersecurity, cloud, network operation, and professional services. WidePoint Corporation was founded in 1991 and is headquartered in Fairfax, Virginia.
WYY LONG OPTIONS **ON WATCH**All,
WYY to me is very undervalued right now. and I would be willing to say just based on fundamentals let alone TA this should pop back up to retest highs.
Earnings growth is beyond great
PEG 2.9
EPS 0.94
Cash/Debt ratio 2.5
**see right of scale for prices
Blue = buy in full candle or now with tight stop loss
Yellow = Price targets
WYY - Long - Possible wedge breakoutPossible wedge breakout. Retest 15.00, new support levels at 13.13 / 12.19. PT Range 15.86-18.00
WidePoint Corp. engages in the provision of trusted mobility management (TM2) solutions. It operates through Carrier Services; and Managed Services segments. The Carrier Services include bills for costs incurred to deliver phone, data and satellite and related mobile services for a connected device or end point. The Managed Services segment delivers managed services under a full-service, quasi full-service, or self-service solution. The company was founded on May 30, 1997 and is headquartered in Fairfax, VA.
Decisions, DecisionsWYY has responded well to the direction of breakouts on the triangles posted below. Today, they've started the day above the trend. We should know by the end of the week if we've got a false breakout or if we're on for a big leg up.
Do not take as financial advice, this is merely for review and observation.
An ascending triangle forming within an upward trend With great earnings reported during Q1 2020 (81% increase in revenue), and the next right around the corner with high expectations, an upward trend with an extremely strong trend line support, and an ascending triangle forming, everything seems primed up for an explosive run in the next few weeks.
$WYY Widepoint Bullish post earnings Recent earnings Highlights
WidePoint (NYSEMKT:WYY) is up 10.5% postmarket after essentially breaking even and surprising to the revenue upside in its Q3 earnings.
Revenues jumped 39% to $29.6M, and gross profit rose by 17%, to $4.3M.
Net income came to $184,000.
And EBITDA rose to $949,000, marking a ninth straight quarter in the green.
"We continued building on the momentum we generated in the first half of the year by growing the topline to drive towards consistent bottom-line profitability,” says CEO Jin Kang.
For the full year, it's reiterating guidance for revenue of $90M-$93M and EBITDA of $2.75M-$3.5M.
WYY Bullish Divergence On Daily 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. The Company offers telecom management services, which include life cycle management of fixed and mobile assets; mobile security management services, which include life cycle fixed and mobile device access and application control management; identity management services, which include life cycle fixed and mobile, including cloud-based services authentication and information assurance services, and identity services, which include fixed and mobile digital certificates required for secure access to a customer's technology infrastructure.
SHORT INTEREST
17.59K 07/15/19
P/E Current
-24.54
P/E Ratio (with extraordinary items)
-58.95
Average Recommendation: BUY
Average Target Price: 1.00