Wall Street Zen cut shares of Swarmer (NASDAQ:SWMR – Free Report) from a hold rating to a sell rating in a research report report published on Saturday morning.
Swarmer Price Performance
Shares of NASDAQ SWMR opened at $29.64 on Friday. Swarmer has a 12-month low of $11.25 and a 12-month high of $68.97. The company’s 50-day simple moving average is $39.48.
Swarmer (NASDAQ:SWMR – Get Free Report) last announced its quarterly earnings data on Wednesday, May 13th. The company reported ($0.28) earnings per share (EPS) for the quarter. The company had revenue of $0.02 million for the quarter.
About Swarmer
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.
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