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

VisionWave Holdings Inc (NASDAQ:VWAV) shares are set 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 VWAV stock traded down $0.10 during mid-day trading on Friday, hitting $0.26. 5,417,693 shares of the stock traded hands, compared to its average volume of 2,700,064. The firm has a market cap of $7.94 million, a price-to-earnings ratio of -0.11 and a beta of 0.70. The company’s 50-day simple moving average is $1.61 and its 200-day simple moving average is $4.34. VisionWave has a twelve month low of $0.26 and a twelve month high of $15.80.

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

Analysts Set New Price Targets

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

Hedge Funds Weigh In On VisionWave

A hedge fund recently bought a new stake in VisionWave stock. Equitable Holdings Inc. acquired a new stake in VisionWave Holdings Inc (NASDAQ:VWAV) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,650 shares of the company’s stock, valued at approximately $59,000. Institutional investors and hedge funds own 51.36% of the company’s stock.

VisionWave Company Profile

VisionWave Holdings, Inc is a technology company focused on developing artificial intelligence-enabled solutions for the defense, aerospace and communications industries. Its activities center on advanced sensing, autonomous systems and other technologies designed to support mission-critical applications.

The company’s reported areas of focus include radar and radio-frequency technologies, satellite and space-related communications, electronic warfare and counter-drone capabilities. These solutions are intended to assist government and defense customers with surveillance, threat detection, communications and operational decision-making.

Publicly available information about VisionWave’s operating history, geographic footprint and leadership is limited.