VisionWave (NASDAQ:VWAV) Releases Earnings Results

VisionWave (NASDAQ:VWAV) issued its quarterly earnings data on Wednesday. The company reported ($0.66) earnings per share (EPS) for the quarter, FiscalAI reports.

VisionWave Trading Up 0.3%

Shares of VisionWave stock opened at $5.16 on Friday. The firm has a 50 day moving average of $6.22. VisionWave has a fifty-two week low of $2.06 and a fifty-two week high of $15.80. The firm has a market capitalization of $122.95 million, a price-to-earnings ratio of -8.18 and a beta of 0.67.

Analysts Set New Price Targets

VWAV has been the subject of several research reports. Wall Street Zen upgraded shares of VisionWave from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Weiss Ratings restated a “sell (e+)” rating on shares of VisionWave in a research note on Monday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, VisionWave has an average rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of VWAV. Yorkville Advisors Global LP bought a new position in VisionWave in the third quarter valued at approximately $1,906,000. Geode Capital Management LLC grew its stake in shares of VisionWave by 22.9% during the fourth quarter. Geode Capital Management LLC now owns 61,792 shares of the company’s stock worth $573,000 after purchasing an additional 11,533 shares during the period. State Street Corp increased its holdings in VisionWave by 20.9% in the fourth quarter. State Street Corp now owns 26,576 shares of the company’s stock valued at $246,000 after purchasing an additional 4,600 shares during the last quarter. Cetera Investment Advisers acquired a new position in VisionWave in the fourth quarter valued at about $132,000. Finally, Equitable Holdings Inc. bought a new position in VisionWave during the fourth quarter worth about $125,000. 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.