VisionWave (NASDAQ:VWAV) Shares Scheduled to Reverse Split on Tuesday, September 22nd

Shares of VisionWave Holdings Inc (NASDAQ:VWAV) are going to reverse split on Tuesday, September 22nd. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, September 21st.

VisionWave Stock Performance

Shares of NASDAQ:VWAV traded down $0.10 during midday trading on Friday, hitting $0.26. 5,417,693 shares of the company’s stock traded hands, compared to its average volume of 1,045,464. VisionWave has a twelve month low of $0.26 and a twelve month high of $15.80. The firm’s fifty day moving average price is $1.61 and its two-hundred day moving average price is $4.34. The company has a market cap of $7.94 million, a PE ratio of -0.11 and a beta of 0.70.

VisionWave (NASDAQ:VWAV) last issued its quarterly earnings data on Wednesday, August 19th. The company reported ($1.19) EPS for the quarter. The business had revenue of $0.29 million for the quarter.

Wall Street Analyst Weigh In

VWAV has been the topic of several analyst reports. Weiss Ratings cut VisionWave from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, August 24th. Wall Street Zen lowered VisionWave from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Hedge Funds Weigh In On VisionWave

An institutional investor recently bought a new stake in VisionWave stock. Equitable Holdings Inc. purchased a new stake in VisionWave Holdings Inc (NASDAQ:VWAV) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 13,650 shares of the company’s stock, valued at approximately $59,000. 51.36% of the stock is owned by hedge funds and other institutional investors.

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.