Veea (NASDAQ:VEEA) Trading Up 4.1% – Time to Buy?

Veea Inc. (NASDAQ:VEEAGet Free Report) shares were up 4.1% on Thursday . The company traded as high as $0.73 and last traded at $0.68. Approximately 219,768 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 400,600 shares. The stock had previously closed at $0.66.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Veea in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

View Our Latest Research Report on Veea

Veea Stock Performance

The company’s 50 day moving average is $0.66 and its 200 day moving average is $1.37.

Veea (NASDAQ:VEEAGet Free Report) last announced its quarterly earnings results on Tuesday, August 19th. The company reported ($0.14) EPS for the quarter. The company had revenue of $0.07 million for the quarter.

Veea Company Profile

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Veea Inc provides computing, multiaccess multiprotocol communications, edge storage, and cybersecurity solutions. The company offers multiaccess edge computing (MEC) platform that redefines connectivity and computing at the edge by integrating functions of servers, network attached storage (NAS), routers, firewalls, Wi-Fi Access Points, IoT gateways, and 4G and 5G connections; and Veea Edge Platform enables direct connections from the optical fiber, cellular, and satellite networks.

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