Aware (NASDAQ:AWRE) Share Price Passes Below 200-Day Moving Average – What’s Next?

Aware, Inc. (NASDAQ:AWRE) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.53 and traded as low as $1.31. Aware shares last traded at $1.38, with a volume of 37,198 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Aware in a research report on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Aware Stock Performance

The stock has a market capitalization of $30.09 million, a price-to-earnings ratio of -3.86 and a beta of 1.01. The company has a 50 day moving average of $1.36 and a 200 day moving average of $1.53.

Aware (NASDAQ:AWRE) last announced its quarterly earnings data on Wednesday, April 29th. The software maker reported ($0.16) earnings per share for the quarter. Aware had a negative net margin of 45.31% and a negative return on equity of 29.66%. The firm had revenue of $3.39 million during the quarter.

Insiders Place Their Bets

In other Aware news, Director John S. Stafford III bought 57,937 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was acquired at an average price of $1.25 per share, for a total transaction of $72,421.25. Following the completion of the purchase, the director owned 5,221,954 shares of the company’s stock, valued at approximately $6,527,442.50. This represents a 1.12% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders have acquired 170,076 shares of company stock worth $212,569. 34.30% of the stock is owned by corporate insiders.

Institutional Trading of Aware

Several hedge funds and other institutional investors have recently made changes to their positions in AWRE. Renaissance Technologies LLC grew its stake in shares of Aware by 1.6% during the 1st quarter. Renaissance Technologies LLC now owns 655,712 shares of the software maker’s stock worth $820,000 after purchasing an additional 10,139 shares during the period. XTX Topco Ltd acquired a new stake in shares of Aware in the fourth quarter valued at about $30,000. CIBC Private Wealth Group LLC lifted its stake in shares of Aware by 14.3% in the third quarter. CIBC Private Wealth Group LLC now owns 80,000 shares of the software maker’s stock valued at $193,000 after purchasing an additional 10,000 shares during the period. CIBC Bancorp USA Inc. purchased a new stake in Aware during the third quarter worth about $193,000. Finally, Vanguard Group Inc. boosted its holdings in Aware by 1.6% during the third quarter. Vanguard Group Inc. now owns 840,650 shares of the software maker’s stock worth $2,026,000 after buying an additional 13,070 shares in the last quarter. Hedge funds and other institutional investors own 24.39% of the company’s stock.

About Aware

Aware, Inc is a technology company specializing in biometric software and image processing solutions. Its core offerings include fingerprint, face and iris recognition algorithms, biometric template management, and mobile enrolment tools designed to capture and verify identities in secure environments. The company’s software development kits (SDKs) and web services APIs enable system integrators, device manufacturers and application developers to embed biometric and forensic capabilities into their products and services.

Founded in 1986 and headquartered in Bedford, Massachusetts, Aware evolved from an imaging technology provider into a leading vendor of biometric software.