VisionWave Holdings Inc (NASDAQ:VWAV – Get Free Report) was down 14.7% on Thursday . The stock traded as low as $4.89 and last traded at $4.93. 1,304,441 shares traded hands during mid-day trading, an increase of 144% from the average session volume of 534,112 shares. The stock had previously closed at $5.78.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the company. Wall Street Zen raised VisionWave from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Weiss Ratings lowered VisionWave from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.
Check Out Our Latest Research Report on VisionWave
VisionWave Price Performance
VisionWave (NASDAQ:VWAV – Get Free Report) last announced its quarterly earnings results on Wednesday, May 20th. The company reported ($0.66) earnings per share (EPS) for the quarter.
Institutional Investors Weigh In On VisionWave
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers acquired a new stake in VisionWave during the 4th quarter valued at $132,000. Equitable Holdings Inc. purchased a new position in VisionWave during the fourth quarter worth $125,000. Squarepoint Ops LLC acquired a new position in shares of VisionWave in the fourth quarter worth $105,000. Marshall Wace LLP acquired a new position in shares of VisionWave in the fourth quarter worth $117,000. Finally, State Street Corp lifted its position in shares of 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 acquiring an additional 4,600 shares in the last quarter. Hedge funds and other 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.
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