VisionWave (NASDAQ:VWAV) Trading Down 4.1% – Time to Sell?

VisionWave Holdings Inc (NASDAQ:VWAVGet Free Report) dropped 4.1% during trading on Friday . The stock traded as low as $4.20 and last traded at $4.22. 258,824 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 1,185,365 shares. The stock had previously closed at $4.40.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Weiss Ratings upgraded shares of VisionWave from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, July 1st. Wall Street Zen raised VisionWave from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

View Our Latest Research Report on VWAV

VisionWave Stock Down 4.1%

The business’s 50 day moving average is $5.15 and its two-hundred day moving average is $7.26. The firm has a market capitalization of $115.34 million, a P/E ratio of -3.27 and a beta of 0.71.

VisionWave (NASDAQ:VWAVGet Free Report) last posted its quarterly earnings data on Wednesday, May 20th. The company reported ($0.66) EPS for the quarter.

Institutional Trading of VisionWave

Several hedge funds and other institutional investors have recently bought and sold shares of VWAV. CIBC Private Wealth Group LLC bought a new position in VisionWave during the fourth quarter worth about $93,000. Squarepoint Ops LLC acquired a new position in VisionWave during the fourth quarter worth $105,000. Marshall Wace LLP bought a new stake in shares of VisionWave in the 4th quarter worth about $117,000. Equitable Holdings Inc. acquired a new stake in shares of VisionWave during the 4th quarter worth about $125,000. Finally, Cetera Investment Advisers bought a new position in VisionWave during the 4th quarter valued at about $132,000. 51.36% of the stock is currently owned by institutional investors and hedge funds.

About VisionWave

(Get Free Report)

VisionWave Technologies Inc is a defense development company focused on integrating advanced artificial intelligence and autonomous solutions across air, ground and sea domains. VisionWave Technologies Inc, formerly known as Bannix Acquisition Corp., is based in WILMINGTON, Del.

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