Investors Buy Large Volume of VisionWave Call Options (NASDAQ:VWAV)

VisionWave Holdings Inc (NASDAQ:VWAV) was the target of unusually large options trading on Thursday. Stock investors acquired 5,501 call options on the company. This represents an increase of 426% compared to the average daily volume of 1,046 call options.

VisionWave Price Performance

Shares of VisionWave stock opened at $13.69 on Friday. The company has a 50-day moving average price of $9.99. VisionWave has a one year low of $2.06 and a one year high of $14.14. The company has a market cap of $226.16 million, a price-to-earnings ratio of -44.16 and a beta of 0.18.

VisionWave (NASDAQ:VWAV) last announced its quarterly earnings data on Friday, October 3rd. The company reported ($0.15) EPS for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in VisionWave stock. Yorkville Advisors Global LP purchased a new position in shares of VisionWave Holdings Inc (NASDAQ:VWAV) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 200,000 shares of the company’s stock, valued at approximately $1,906,000. VisionWave comprises 0.4% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 9th largest holding. Yorkville Advisors Global LP owned 1.33% of VisionWave at the end of the most recent quarter. Institutional investors and hedge funds own 51.36% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of VisionWave in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, VisionWave has an average rating of “Sell”.

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.