VisionWave (NASDAQ:VWAV) Posts Earnings Results

VisionWave (NASDAQ:VWAV) announced its quarterly earnings results on Tuesday. The company reported ($0.46) EPS for the quarter, Zacks reports.

VisionWave Stock Performance

Shares of VWAV stock opened at $8.75 on Wednesday. The stock has a market capitalization of $144.55 million, a P/E ratio of -51.47 and a beta of 0.18. VisionWave has a 1 year low of $2.06 and a 1 year high of $15.80. The company’s 50 day moving average is $10.06.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of VisionWave in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Insider Activity at VisionWave

In other news, major shareholder Internacional Argentina Magic sold 12,200 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $9.58, for a total transaction of $116,876.00. Following the transaction, the insider owned 2,008,300 shares of the company’s stock, valued at approximately $19,239,514. The trade was a 0.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Cetera Investment Advisers purchased a new stake in shares of VisionWave in the fourth quarter worth approximately $132,000. Equitable Holdings Inc. purchased a new stake in VisionWave in the fourth quarter worth $125,000. Marshall Wace LLP bought a new stake in shares of VisionWave during the fourth quarter worth $117,000. Geode Capital Management LLC boosted its stake in shares of VisionWave by 22.9% during the fourth quarter. Geode Capital Management LLC now owns 61,792 shares of the company’s stock valued at $573,000 after purchasing an additional 11,533 shares during the period. Finally, Squarepoint Ops LLC purchased a new stake in shares of VisionWave during the fourth quarter valued at $105,000. 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.