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October 24, 2020

The Post Wired

News On Trending

Trending Stock Update: WidePoint Corporation (NYSE:WYY)

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WidePoint Corporation (NYSE:WYY) changed 1.96% to recent value of $ 0.52. The stock transacted shares during most recent the day were 608546 shares however it has an average volume of 116.15K shares. It spotted trading -28.77% off of the 52-week high price. On the other end, the stock has been noted 29.68% away from the low price over the last 52-weeks.

The company has 77.89M of outstanding shares and 76.57M shares were floated in the market. According to the most recent quarter its current ratio was 1.1 that represents company’s ability to meet its current financial obligations. The price moved ahead of 4.95% from the mean of 20 days, 0.80% from 50 and performed -6.46% from 200 days average price. Company’s performance for the week was 10.39%, -0.97% for month and yearly performance remained -6.76%.

WidePoint Corporation (NYSE:WYY), provider of Trusted Mobility Management (TM2) specializing in Telecommunications Lifecycle Management, Identity Management and Bill Presentment & Analytics solutions, was awarded a new Task Order from the U.S. Coast Guard under the U.S. Department of Homeland Security (DHS) Cellular Wireless Management Services BPA. The new award has a period of performance of 15 months, consisting of a base period of one year with two option periods. The total award value is in excess of $12 million, if all options periods are exercised.

Jin Kang, Chief Executive Officer of WidePoint Corporation stated “WidePoint is honored by this award and is excited to see the Coast Guard expand our successful pilot program across the service branch”. “Working with the Coast Guard’s team is a privilege, and we look forward to implementing this program and helping to ensure that the Coast Guard, as with other DHS components, achieves the Cellular Wireless Managed Services BPA’s objectives of increased accountability, operational efficiency and maximizing resource investment.”

Dzyak, President and CEO of WidePoint Integrated Solutions Corporation and WidePoint Solutions Corporation, added: “The scope of work for the Coast Guard builds on the pilot TEM project to encompass full lifecycle support. WidePoint will provide transparency into technical performance, scheduling and cost across all cellular wireless services and related enterprise contractors to facilitate the highest level of service for the Coast Guard. The pilot TEM program established a base of success that will now expand, supported by WidePoint’s secure TM2 framework.”

WYY has a gross margin of 18.50% as compared to operating margin of -2.50% and its profit margin remained -2.60% for the last 12 months. The company has earnings of $ -1.20M and made $76.00M revenue for the last 12 month. Its earnings per share (EPS) expected to touch remained 34.00% for this year while earning per share for the next 5-years is expected to reach at 20.00%.