Wall Street Zen Downgrades VisionWave (NASDAQ:VWAV) to Sell

VisionWave (NASDAQ:VWAV) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

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

VisionWave Price Performance

Shares of VisionWave stock opened at $1.10 on Friday. VisionWave has a twelve month low of $1.03 and a twelve month high of $15.80. The stock has a market cap of $31.72 million, a price-to-earnings ratio of -0.85 and a beta of 0.77. The company’s fifty day moving average is $3.17 and its 200 day moving average is $5.42.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Equitable Holdings Inc. bought a new stake in shares of VisionWave in the 2nd quarter valued at $59,000. BlackRock Inc. bought a new position in VisionWave during the second quarter worth $80,000. CIBC Private Wealth Group LLC bought a new position in VisionWave during the fourth quarter worth $93,000. Squarepoint Ops LLC acquired a new position in VisionWave in the fourth quarter valued at $105,000. Finally, Marshall Wace LLP acquired a new position in VisionWave in the fourth quarter valued at $117,000. Institutional investors and hedge funds 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.