VisionWave (NASDAQ:VWAV) Issues Quarterly Earnings Results

VisionWave (NASDAQ:VWAV) issued its quarterly earnings results on Wednesday. The company reported ($0.66) earnings per share for the quarter, FiscalAI reports.

VisionWave Price Performance

Shares of VisionWave stock traded up $0.05 during trading hours on Wednesday, hitting $5.00. 301,395 shares of the company’s stock traded hands, compared to its average volume of 477,520. VisionWave has a 12-month low of $2.06 and a 12-month high of $15.80. The stock has a market capitalization of $119.25 million, a PE ratio of -7.94 and a beta of 0.67. The stock’s fifty day moving average is $6.31.

Institutional Investors Weigh In On VisionWave

A number of hedge funds have recently modified their holdings of the stock. State Street Corp lifted its holdings in VisionWave by 20.9% during the fourth quarter. State Street Corp now owns 26,576 shares of the company’s stock valued at $246,000 after purchasing an additional 4,600 shares during the last quarter. CIBC Private Wealth Group LLC bought a new position in VisionWave in the 4th quarter worth about $93,000. Squarepoint Ops LLC purchased a new stake in shares of VisionWave during the 4th quarter valued at $105,000. Geode Capital Management LLC raised its position in shares of VisionWave by 22.9% during the 4th quarter. Geode Capital Management LLC now owns 61,792 shares of the company’s stock valued at $573,000 after buying an additional 11,533 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in VisionWave in the 4th quarter worth approximately $117,000. Institutional investors own 51.36% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on VWAV. Weiss Ratings reiterated a “sell (e+)” rating on shares of VisionWave in a report on Monday. Wall Street Zen raised VisionWave from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

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.