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

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

VisionWave Trading Down 28.1%

Shares of NASDAQ VWAV traded down $0.10 during trading hours on Friday, reaching $0.26. The stock had a trading volume of 5,417,693 shares, compared to its average volume of 2,700,064. VisionWave has a 52-week low of $0.26 and a 52-week high of $15.80. The firm has a market cap of $7.94 million, a price-to-earnings ratio of -0.11 and a beta of 0.70. The business’s fifty day moving average price is $1.61 and its two-hundred day moving average price is $4.34.

VisionWave (NASDAQ:VWAV) last released its quarterly earnings data on Wednesday, August 19th. The company reported ($1.19) EPS for the quarter. The business had revenue of $0.29 million during the quarter.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

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

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.