VisionWave (NASDAQ:VWAV) Posts Earnings Results

VisionWave (NASDAQ:VWAV) announced its quarterly earnings data on Wednesday. The company reported ($1.19) EPS for the quarter, FiscalAI reports. The business had revenue of $0.29 million for the quarter.

VisionWave Price Performance

VisionWave stock opened at $1.23 on Thursday. The company has a market cap of $33.92 million, a price-to-earnings ratio of -0.95 and a beta of 0.77. VisionWave has a 12 month low of $1.03 and a 12 month high of $15.80. The stock’s 50-day moving average is $3.32 and its 200-day moving average is $5.54.

Institutional Trading of VisionWave

Several large investors have recently modified their holdings of VWAV. Geode Capital Management LLC raised its stake in shares of VisionWave by 22.9% in the 4th 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 in the last quarter. CIBC Private Wealth Group LLC acquired a new position in shares of VisionWave during the fourth quarter valued at approximately $93,000. State Street Corp raised its stake in shares of VisionWave by 20.9% in the 4th quarter. State Street Corp now owns 26,576 shares of the company’s stock worth $246,000 after buying an additional 4,600 shares in the last quarter. Marshall Wace LLP bought a new stake in VisionWave in the fourth quarter worth about $117,000. Finally, Squarepoint Ops LLC acquired a new stake in VisionWave during the fourth quarter valued at approximately $105,000. 51.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded 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.com, VisionWave presently has a consensus rating of “Sell”.

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.