VisionWave (NASDAQ:VWAV) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of VisionWave (NASDAQ:VWAV) from a hold rating to a sell rating in a report published on Saturday.

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

VisionWave Stock Up 2.7%

NASDAQ:VWAV opened at $1.13 on Friday. The firm’s fifty day simple moving average is $3.09 and its 200 day simple moving average is $5.36. The stock has a market cap of $32.59 million, a P/E ratio of -0.88 and a beta of 0.77. VisionWave has a twelve month low of $1.01 and a twelve month high of $15.80.

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

Institutional Trading of VisionWave

Several hedge funds and other institutional investors have recently made changes to their positions in VWAV. Equitable Holdings Inc. bought a new position in VisionWave during the 2nd quarter valued at approximately $59,000. BlackRock Inc. bought a new stake in VisionWave in the second quarter worth $80,000. CIBC Private Wealth Group LLC bought a new stake in VisionWave in the fourth quarter worth $93,000. Squarepoint Ops LLC purchased a new stake in shares of VisionWave in the fourth quarter worth $105,000. Finally, Marshall Wace LLP purchased a new stake in shares of VisionWave in the fourth quarter worth $117,000. Hedge funds and other institutional investors own 51.36% of the company’s stock.

VisionWave Company Profile

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.