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

VisionWave Holdings Inc (NASDAQ:VWAV) was the recipient of unusually large options trading activity on Tuesday. Traders acquired 2,330 call options on the company. This is an increase of approximately 148% compared to the average volume of 941 call options.

Hedge Funds Weigh In On VisionWave

Several institutional investors and hedge funds have recently added to or reduced their stakes in VWAV. Cetera Investment Advisers bought a new position in shares of VisionWave during the fourth quarter valued at $132,000. Equitable Holdings Inc. bought a new stake in shares of VisionWave in the fourth quarter worth $125,000. Squarepoint Ops LLC bought a new stake in shares of VisionWave in the fourth quarter worth $105,000. Marshall Wace LLP acquired a new stake in VisionWave in the fourth quarter valued at $117,000. Finally, State Street Corp increased its holdings in VisionWave by 20.9% in 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 period. 51.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of VisionWave from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, July 23rd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

VisionWave Trading Down 11.2%

Shares of VWAV stock opened at $2.29 on Wednesday. The firm has a market capitalization of $63.16 million, a price-to-earnings ratio of -1.78 and a beta of 0.71. The business’s 50-day moving average price is $4.61 and its 200-day moving average price is $6.72. VisionWave has a 12 month low of $2.27 and a 12 month high of $15.80.

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

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.