VisionWave (NASDAQ:VWAV) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen lowered shares of VisionWave (NASDAQ:VWAV) from a hold rating to a sell rating in a research report released on Saturday morning.

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

VisionWave Stock Performance

NASDAQ VWAV opened at $1.10 on Friday. The business’s 50 day moving average price is $3.17 and its 200-day moving average price is $5.44. VisionWave has a fifty-two week low of $1.03 and a fifty-two week high of $15.80. The company has a market cap of $31.72 million, a P/E ratio of -0.85 and a beta of 0.77.

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

Institutional Investors Weigh In On VisionWave

Several large investors have recently added to or reduced their stakes in VWAV. BlackRock Inc. bought a new position in VisionWave in the 2nd quarter worth about $80,000. Cetera Investment Advisers purchased a new position in shares of VisionWave during the fourth quarter worth approximately $132,000. Equitable Holdings Inc. bought a new stake in shares of VisionWave during the second quarter valued at approximately $59,000. Marshall Wace LLP bought a new stake in shares of VisionWave during the fourth quarter valued at approximately $117,000. Finally, Geode Capital Management LLC boosted its holdings in shares of VisionWave by 22.9% in the fourth quarter. Geode Capital Management LLC now owns 61,792 shares of the company’s stock valued at $573,000 after purchasing an additional 11,533 shares during the period. 51.36% of the stock is owned by hedge funds and other institutional investors.

About VisionWave

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.