Insights

Whispir share price wisped down an untasty 15% on Thursday

Investors continue selling off tech shares today
The post Whispir share price wisped down an untasty 15% on Thursday appeared first on The Motley Fool Australia. –

Shares of Whispir Ltd (ASX: WSP) headed south on Thursday and were trading 14.9% lower at $1.25 apiece at the close of trade.

The Whispir share price ran deeper into the red through the session, gliding off its intraday high of $1.49 from the start of the trading day.

Zooming out, it’s been a difficult year for the tech company. Shares have suffered heavy losses in the last 12 months, and the downside has extended well into 2022.

What was up with the Whispir share price today?

Investors were bidding down the price of Whispir shares after the company released its activities and cash flow report for the three months ending 31 March 2022.

In its report, annualised recurring revenue (ARR) was up 24.1% year on year to $62.4 million and free cash outflows settled at $5.6 million.

Whispir also added another 82 customers for the period, which supported an 82% gain in cash receipts year on year to almost $20 million.

The company noted it was on track to meet FY22 guidance of $68 million at the upper end.

However, investors don’t appear to have carried the joy through to today’s session, with trading volume occurring at more than six times the 4-week average, all while the share price tracked down.

Meanwhile, the S&P/ASX All Technology Index (ASX: XTX) was also tracking lower today and is sitting 17 basis points down at 2,269.

Whilst it shrugged off sector weakness yesterday, it doesn’t appear to have been the same in today’s session for Whispir.

Over the last three months, the Whispir share price has trailed the broader tech sector, as seen below.

With no market-sensitive information released by Whispir today, it appears investors were selling down the Whispir share price with authority in line with sector weakness and amid the release of its quarterly earnings yesterday.

Whispir share price snapshot

In the last 12 months, the Whispir share price has faltered more than 63% and is now down 41% for the year to date.

Across all time frames, Whispir shares are in the red.

The post Whispir share price wisped down an untasty 15% on Thursday appeared first on The Motley Fool Australia.

Should you invest $1,000 in Whispir right now?

Before you consider Whispir, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Whispir wasn’t one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of January 13th 2022

More reading

Why Cettire, Newcrest, Silver Lake, and Whispir shares are tumbling lower

Whispir share price avoids tech selloff and pushes higher amid strong quarterly update

2 exciting small cap ASX shares to watch

What’s up with the Whispir share price today?

3 exciting small cap ASX shares for your watchlist

Motley Fool contributor Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Whispir Ltd. The Motley Fool Australia has recommended Whispir Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

  • This field is for validation purposes and should be left unchanged.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US & HK* Trades. Click Here!