Investors Purchase Large Volume of Call Options on VisionWave (NASDAQ:VWAV)

VisionWave Holdings Inc (NASDAQ:VWAV) was the recipient of some unusual options trading on Tuesday. Traders bought 2,330 call options on the stock. This represents an increase of 148% compared to the average daily volume of 941 call options.

VisionWave Trading Down 8.7%

NASDAQ VWAV opened at $2.09 on Thursday. The firm has a market capitalization of $57.64 million, a PE ratio of -1.62 and a beta of 0.71. The business’s 50-day moving average price is $4.55 and its two-hundred day moving average price is $6.64. VisionWave has a 12 month low of $2.05 and a 12 month high of $15.80.

VisionWave (NASDAQ:VWAV) last posted its quarterly earnings data on Wednesday, May 20th. The company reported ($0.66) EPS for the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in VWAV. State Street Corp grew its stake in VisionWave by 20.9% during the fourth quarter. State Street Corp now owns 26,576 shares of the company’s stock worth $246,000 after purchasing an additional 4,600 shares during the period. CIBC Private Wealth Group LLC acquired a new position in shares of VisionWave during the 4th quarter valued at $93,000. Squarepoint Ops LLC bought a new position in VisionWave during the fourth quarter worth $105,000. Geode Capital Management LLC increased its stake in VisionWave by 22.9% in 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 in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of VisionWave during the fourth quarter valued at about $117,000. 51.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded VisionWave from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, VisionWave presently has an average rating of “Sell”.

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.