VisionWave (NASDAQ:VWAV) Trading 1.4% Higher – Should You Buy?

VisionWave Holdings Inc (NASDAQ:VWAV) rose 1.4% during mid-day trading on Thursday . The company traded as high as $10.90 and last traded at $10.77. Approximately 250,107 shares traded hands during trading, a decline of 49% from the average daily volume of 494,641 shares. The stock had previously closed at $10.62.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of VisionWave in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

VisionWave Stock Performance

The firm has a market cap of $160.90 million, a PE ratio of -57.29 and a beta of 0.18. The firm’s 50 day moving average price is $10.28.

VisionWave (NASDAQ:VWAV) last issued its quarterly earnings results on Friday, October 3rd. The company reported ($0.15) earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On VisionWave

An institutional investor recently bought a new position in VisionWave stock. Yorkville Advisors Global LP bought a new position in shares of VisionWave Holdings Inc (NASDAQ:VWAV) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 200,000 shares of the company’s stock, valued at approximately $1,906,000. VisionWave comprises about 0.4% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 9th largest holding. Yorkville Advisors Global LP owned 1.33% of VisionWave as of its most recent SEC filing. Institutional investors own 51.36% of the company’s stock.

About VisionWave

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.