Shares of VisionWave Holdings Inc (NASDAQ:VWAV – Get Free Report) fell 4.5% during trading on Wednesday . The stock traded as low as $5.03 and last traded at $5.08. 557,695 shares traded hands during mid-day trading, an increase of 14% from the average session volume of 490,022 shares. The stock had previously closed at $5.32.
Analyst Ratings Changes
Several brokerages have commented on VWAV. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of VisionWave in a research report on Monday, May 18th. Wall Street Zen raised shares of VisionWave from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.
Read Our Latest Research Report on VWAV
VisionWave Trading Down 4.5%
VisionWave (NASDAQ:VWAV – Get Free Report) last posted its quarterly earnings results on Wednesday, May 20th. The company reported ($0.66) earnings per share (EPS) for the quarter.
Institutional Trading of VisionWave
Several hedge funds and other institutional investors have recently modified their holdings of the business. Cetera Investment Advisers bought a new stake in shares of VisionWave in the fourth quarter valued at approximately $132,000. Equitable Holdings Inc. bought a new stake in VisionWave during the 4th quarter worth approximately $125,000. Squarepoint Ops LLC bought a new stake in VisionWave during the 4th quarter worth approximately $105,000. Marshall Wace LLP bought a new stake in VisionWave during the 4th quarter worth approximately $117,000. Finally, State Street Corp increased its holdings in VisionWave by 20.9% during the 4th quarter. State Street Corp now owns 26,576 shares of the company’s stock worth $246,000 after acquiring an additional 4,600 shares during the period. Institutional investors own 51.36% of the company’s stock.
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.
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