Swarmer (NASDAQ:SWMR) Lowered to “Strong Sell” Rating by Wall Street Zen

Wall Street Zen lowered shares of Swarmer (NASDAQ:SWMR) from a sell rating to a strong sell rating in a research note published on Saturday.

Separately, Weiss Ratings began coverage on shares of Swarmer in a research note on Friday, August 14th. They set a “sell (e-)” rating on the stock. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Swarmer Stock Down 7.4%

Shares of Swarmer stock opened at $42.49 on Friday. The company has a market cap of $506.48 million and a PE ratio of -58.21. Swarmer has a 52-week low of $11.25 and a 52-week high of $83.30. The firm has a 50-day moving average price of $40.76.

Swarmer (NASDAQ:SWMR) last issued its earnings results on Thursday, August 13th. The company reported ($0.45) earnings per share for the quarter. The business had revenue of $0.22 million for the quarter.

Institutional Trading of Swarmer

A hedge fund recently bought a new position in Swarmer stock. Bank of New York Mellon Corp acquired a new position in shares of Swarmer Inc (NASDAQ:SWMR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,865 shares of the company’s stock, valued at approximately $349,000. Bank of New York Mellon Corp owned approximately 0.07% of Swarmer as of its most recent filing with the Securities and Exchange Commission.

Swarmer Company Profile

We are launching the future of autonomous warfare through combat-proven software that enables military forces to deploy and coordinate drone swarms at significant scale. While hardware manufacturers compete and as the go-to in an increasingly commoditized market, we seek to establish ourself as a critical software layer operating system for autonomous swarm operations positioning us to capture increased value as the global military drone market experiences growth projected to exceed 12% compound annual growth through 2030.