VisionWave (NASDAQ:VWAV) Releases Quarterly Earnings Results

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

VisionWave Price Performance

VisionWave stock opened at $5.00 on Thursday. VisionWave has a 12 month low of $2.06 and a 12 month high of $15.80. The business’s 50 day moving average is $6.26. The stock has a market capitalization of $119.25 million, a PE ratio of -7.94 and a beta of 0.67.

Institutional Investors Weigh In On VisionWave

Several large investors have recently modified their holdings of VWAV. Yorkville Advisors Global LP purchased a new stake in shares of VisionWave during the third quarter worth approximately $1,906,000. Geode Capital Management LLC raised its position in VisionWave by 22.9% in the fourth quarter. Geode Capital Management LLC now owns 61,792 shares of the company’s stock worth $573,000 after acquiring an additional 11,533 shares in the last quarter. CIBC Private Wealth Group LLC purchased a new position in VisionWave in the fourth quarter worth $93,000. State Street Corp raised its position in VisionWave by 20.9% in 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 in the last quarter. Finally, Marshall Wace LLP purchased a new position in VisionWave in the fourth quarter worth $117,000. Hedge funds and other institutional investors own 51.36% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Wall Street Zen upgraded VisionWave from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Weiss Ratings restated a “sell (e+)” rating on shares of VisionWave in a research note on Monday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently 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.