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 federal government certified proprietary portal to manage, analyze, and protect communications assets, as well as deploy identity management solutions that provide secured virtual and...
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
Possible 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...
Struggling against the daily, WYY has pulled back and has now given us another opportunity I believe for a reentry! Long at 10.05 with a target of 10.60!
Coming off strong earnings, this one has had quite a moment in the sun with over 100% gains this spring. I think this one needs some time to find stability and retrace to the Daily 150 EMA.
WYY 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.
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.
WidePoint’s CEO, Jin Kang. “From a financial perspective, the quarter was highlighted by an 81% increase in total revenues to $39.7 million, a 52% increase in managed services revenues, positive net income, and a $2.4 million improvement in our cash position.
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...
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...
