VisionWave (NASDAQ:VWAV) Releases Earnings Results

VisionWave (NASDAQ:VWAV) issued its earnings results on Wednesday. The company reported ($1.19) EPS for the quarter, FiscalAI reports.

VisionWave Stock Performance

VisionWave stock traded down $0.09 during midday trading on Wednesday, hitting $1.24. 807,579 shares of the company were exchanged, compared to its average volume of 798,655. The business has a fifty day simple moving average of $3.40 and a two-hundred day simple moving average of $5.60. The firm has a market capitalization of $34.20 million, a PE ratio of -0.96 and a beta of 0.77. VisionWave has a fifty-two week low of $1.03 and a fifty-two week high of $15.80.

Institutional Investors Weigh In On VisionWave

Several hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC grew its stake in shares of VisionWave by 22.9% during the 4th quarter. Geode Capital Management LLC now owns 61,792 shares of the company’s stock worth $573,000 after purchasing an additional 11,533 shares during the period. State Street Corp lifted its stake in shares of VisionWave by 20.9% in the 4th quarter. State Street Corp now owns 26,576 shares of the company’s stock valued at $246,000 after purchasing an additional 4,600 shares during the period. BlackRock Inc. acquired a new position in shares of VisionWave in the 2nd quarter valued at $80,000. Cetera Investment Advisers purchased a new stake in VisionWave during the fourth quarter worth $132,000. Finally, Equitable Holdings Inc. purchased a new stake in VisionWave during the second quarter worth $59,000. Hedge funds and other institutional investors own 51.36% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of VisionWave from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, VisionWave presently has a consensus rating of “Sell”.

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.