Swarmer (NASDAQ:SWMR) Stock Rating Lowered by Wall Street Zen

Swarmer (NASDAQ:SWMR) was downgraded by investment analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a research note issued on Saturday.

Separately, Weiss Ratings began coverage on shares of Swarmer in a report on Friday, August 14th. They issued a “sell (e-)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Swarmer Stock Performance

NASDAQ SWMR opened at $42.49 on Friday. The business has a 50 day simple moving average of $40.76. Swarmer has a 12 month low of $11.25 and a 12 month high of $83.30. The stock has a market cap of $506.48 million and a PE ratio of -58.21.

Swarmer (NASDAQ:SWMR) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.45) earnings per share for the quarter. The business had revenue of $0.22 million during the quarter.

Hedge Funds Weigh In On Swarmer

An institutional investor recently bought a new stake in Swarmer stock. Bank of New York Mellon Corp acquired a new position in Swarmer Inc (NASDAQ:SWMR) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,865 shares of the company’s stock, valued at approximately $349,000. Bank of New York Mellon Corp owned about 0.07% of Swarmer at the end of the most recent reporting period.

Swarmer Company Profile

We are launching the future of autonomous warfare through combat-proven software that enables military forces to deploy and coordinate drone swarms at significant scale. While hardware manufacturers compete and as the go-to in an increasingly commoditized market, we seek to establish ourself as a critical software layer operating system for autonomous swarm operations positioning us to capture increased value as the global military drone market experiences growth projected to exceed 12% compound annual growth through 2030.