VisionWave (NASDAQ:VWAV) Releases Quarterly Earnings Results

VisionWave (NASDAQ:VWAV) released its quarterly earnings data on Tuesday. The company reported ($0.46) earnings per share for the quarter, Zacks reports.

VisionWave Price Performance

Shares of VisionWave stock traded up $0.48 during trading on Tuesday, reaching $8.75. 367,693 shares of the stock traded hands, compared to its average volume of 403,961. VisionWave has a 52-week low of $2.06 and a 52-week high of $15.80. The firm’s fifty day moving average price is $10.08. The firm has a market cap of $144.52 million, a P/E ratio of -51.47 and a beta of 0.18.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other VisionWave news, major shareholder Internacional Argentina Magic sold 12,200 shares of the firm’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 completion of the transaction, the insider owned 2,008,300 shares in the company, valued at $19,239,514. This trade represents a 0.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On VisionWave

Several large investors have recently bought and sold shares of VWAV. CIBC Private Wealth Group LLC bought a new position in VisionWave during the fourth quarter valued at $93,000. Squarepoint Ops LLC bought a new position in shares of VisionWave in the 4th quarter valued at about $105,000. Marshall Wace LLP purchased a new position in VisionWave in the fourth quarter worth about $117,000. Equitable Holdings Inc. purchased a new position in VisionWave in the fourth quarter worth about $125,000. Finally, State Street Corp increased 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 acquiring an additional 4,600 shares during the last quarter. Institutional investors own 51.36% of the company’s stock.

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.