VisionWave (NASDAQ:VWAV) Stock Price Down 4.1% – Should You Sell?

Shares of VisionWave Holdings Inc (NASDAQ:VWAV) were down 4.1% during mid-day trading on Friday . The company traded as low as $4.20 and last traded at $4.22. 258,824 shares traded hands during trading, a decline of 78% from the average daily volume of 1,185,365 shares. The stock had previously closed at $4.40.

Wall Street Analyst Weigh In

VWAV has been the topic of a number of research reports. Weiss Ratings raised shares of VisionWave from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, July 1st. Wall Street Zen raised shares of VisionWave from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

VisionWave Stock Down 4.1%

The stock has a market cap of $115.34 million, a P/E ratio of -3.27 and a beta of 0.71. The firm’s 50 day simple moving average is $5.15 and its two-hundred day simple moving average is $7.26.

VisionWave (NASDAQ:VWAV) last announced its quarterly earnings data on Wednesday, May 20th. The company reported ($0.66) earnings per share for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC acquired a new stake in VisionWave in the fourth quarter worth $93,000. Squarepoint Ops LLC acquired a new position in shares of VisionWave during the fourth quarter valued at $105,000. Marshall Wace LLP bought a new position in shares of VisionWave during the fourth quarter worth about $117,000. Equitable Holdings Inc. bought a new position in shares of VisionWave during the fourth quarter worth about $125,000. Finally, Cetera Investment Advisers acquired a new stake in shares of VisionWave in the 4th quarter worth about $132,000. 51.36% of the stock is currently owned by institutional investors.

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.