Wrap Technologies shares jump 8% on upgrade, following earnings beat

Wall Street Zen upgraded Wrap Technologies (NASDAQ:WRAP) from sell to hold on August 15, 2026. The upgrade follows a quarterly report that surpassed analyst expectations with higher revenue and a smaller-than-expected loss.

MarketBeat reported that shares opened 8.0% higher at $1.88 following the announcement.

Despite the upgrade, the average analyst rating for the stock remains a Sell. The company continues to face profitability challenges, maintaining a net margin of -205.10%.