Swarmer (NASDAQ:SWMR) Cut to “Strong Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Swarmer (NASDAQ:SWMR) from a sell rating to a strong sell rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings initiated coverage on Swarmer in a report on Friday, August 14th. They set a “sell (e-)” rating for the company. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Swarmer Stock Performance

NASDAQ SWMR opened at $39.78 on Friday. Swarmer has a twelve month low of $11.25 and a twelve month high of $83.30. The company has a market capitalization of $474.30 million and a PE ratio of -54.49. The company has a 50-day simple moving average of $40.72.

Swarmer (NASDAQ:SWMR) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.45) earnings per share for the quarter. The business had revenue of $0.22 million during the quarter.

Institutional Investors Weigh In On Swarmer

A hedge fund recently bought a new position in Swarmer stock. Bank of New York Mellon Corp acquired a new stake in Swarmer Inc (NASDAQ:SWMR) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 7,865 shares of the company’s stock, valued at approximately $349,000. Bank of New York Mellon Corp owned about 0.07% of Swarmer as of its most recent filing with the SEC.

Swarmer Company Profile

We are launching the future of autonomous warfare through combat-proven software that enables military forces to deploy and coordinate drone swarms at significant scale. While hardware manufacturers compete and as the go-to in an increasingly commoditized market, we seek to establish ourself as a critical software layer operating system for autonomous swarm operations positioning us to capture increased value as the global military drone market experiences growth projected to exceed 12% compound annual growth through 2030.