VisionWave (NASDAQ:VWAV) Releases Earnings Results

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

VisionWave Price Performance

VWAV opened at $1.08 on Friday. The firm has a fifty day moving average price of $3.24 and a 200 day moving average price of $5.47. VisionWave has a 1 year low of $1.03 and a 1 year high of $15.80. The stock has a market cap of $29.79 million, a P/E ratio of -0.84 and a beta of 0.77.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered VisionWave from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Trading of VisionWave

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC purchased a new position in VisionWave in the fourth quarter valued at $93,000. Squarepoint Ops LLC purchased a new stake in shares of VisionWave during the 4th quarter worth about $105,000. Marshall Wace LLP acquired a new stake in shares of VisionWave during the 4th quarter valued at about $117,000. Equitable Holdings Inc. acquired a new stake in shares of VisionWave during the 4th quarter valued at about $125,000. Finally, Cetera Investment Advisers acquired a new stake in shares of VisionWave during the 4th quarter valued at about $132,000. Institutional investors and hedge funds 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.