VisionWave (NASDAQ:VWAV) Stock Set to Reverse Split on Tuesday, September 22nd

VisionWave Holdings Inc (NASDAQ:VWAV) shares are going to reverse split on Tuesday, September 22nd. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, September 21st.

VisionWave Price Performance

Shares of VisionWave stock traded down $0.10 during trading hours on Friday, reaching $0.26. The company had a trading volume of 5,417,693 shares, compared to its average volume of 2,700,064. The firm has a market cap of $7.94 million, a PE ratio of -0.11 and a beta of 0.70. VisionWave has a one year low of $0.26 and a one year high of $15.80. The business has a fifty day simple moving average of $1.61 and a 200 day simple moving average of $4.34.

VisionWave (NASDAQ:VWAV) last announced its quarterly earnings results on Wednesday, August 19th. The company reported ($1.19) earnings per share for the quarter. The firm had revenue of $0.29 million during the quarter.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VWAV. Wall Street Zen cut VisionWave from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. Weiss Ratings downgraded shares of VisionWave from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, August 24th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Institutional Investors Weigh In On VisionWave

A hedge fund recently bought a new position in VisionWave stock. BlackRock Inc. acquired a new stake in shares of VisionWave Holdings Inc (NASDAQ:VWAV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 18,504 shares of the company’s stock, valued at approximately $80,000. BlackRock Inc. owned 0.07% of VisionWave as of its most recent filing with the Securities and Exchange Commission (SEC). 51.36% of the stock is currently owned by hedge funds and other institutional investors.

VisionWave Company Profile

VisionWave Holdings, Inc is a technology company focused on developing artificial intelligence-enabled solutions for the defense, aerospace and communications industries. Its activities center on advanced sensing, autonomous systems and other technologies designed to support mission-critical applications.

The company’s reported areas of focus include radar and radio-frequency technologies, satellite and space-related communications, electronic warfare and counter-drone capabilities. These solutions are intended to assist government and defense customers with surveillance, threat detection, communications and operational decision-making.

Publicly available information about VisionWave’s operating history, geographic footprint and leadership is limited.