Weiss Ratings Reiterates Sell (E+) Rating for Veea (NASDAQ:VEEA)

Veea (NASDAQ:VEEAGet Free Report)‘s stock had its “sell (e+)” rating reissued by stock analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Veea Price Performance

NASDAQ:VEEA opened at $0.79 on Wednesday. The business’s 50-day simple moving average is $0.74 and its two-hundred day simple moving average is $1.42. Veea has a 52 week low of $0.51 and a 52 week high of $5.16.

Veea (NASDAQ:VEEAGet Free Report) last issued its earnings results on Tuesday, August 19th. The company reported ($0.14) earnings per share (EPS) for the quarter. The firm had revenue of $0.07 million during the quarter.

Veea Company Profile

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Veea Inc provides computing, multiaccess multiprotocol communications, edge storage, and cybersecurity solutions. The company offers multiaccess edge computing (MEC) platform that redefines connectivity and computing at the edge by integrating functions of servers, network attached storage (NAS), routers, firewalls, Wi-Fi Access Points, IoT gateways, and 4G and 5G connections; and Veea Edge Platform enables direct connections from the optical fiber, cellular, and satellite networks.

Further Reading

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