Aware (NASDAQ:AWRE) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Aware, Inc. (NASDAQ:AWRE)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.21 and traded as low as $2.19. Aware shares last traded at $2.25, with a volume of 67,670 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aware in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Aware currently has a consensus rating of “Sell”.

Aware Trading Up 1.4%

The stock’s 50 day moving average price is $2.34 and its 200 day moving average price is $2.21. The firm has a market cap of $48.08 million, a PE ratio of -8.33 and a beta of 0.82.

Aware (NASDAQ:AWRE) last released its quarterly earnings data on Wednesday, October 29th. The software maker reported ($0.05) EPS for the quarter. Aware had a negative net margin of 32.20% and a negative return on equity of 19.41%. The company had revenue of $5.13 million during the quarter.

Insiders Place Their Bets

In other news, CEO Ajay K. Amlani acquired 13,227 shares of the stock in a transaction on Monday, November 3rd. The stock was bought at an average price of $2.23 per share, with a total value of $29,496.21. Following the completion of the transaction, the chief executive officer directly owned 835,779 shares of the company’s stock, valued at $1,863,787.17. The trade was a 1.61% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 29.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. CIBC Private Wealth Group LLC boosted its stake in shares of Aware by 14.3% in the third quarter. CIBC Private Wealth Group LLC now owns 80,000 shares of the software maker’s stock valued at $193,000 after purchasing an additional 10,000 shares during the period. Vanguard Group Inc. lifted its holdings in Aware by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 840,650 shares of the software maker’s stock worth $2,026,000 after buying an additional 13,070 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Aware by 71.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 34,595 shares of the software maker’s stock worth $55,000 after buying an additional 14,436 shares in the last quarter. Pekin Hardy Strauss Inc. purchased a new position in Aware in the 3rd quarter valued at about $42,000. Finally, GMT Capital Corp acquired a new stake in shares of Aware during the first quarter valued at about $39,000. 24.39% of the stock is currently owned by hedge funds and other institutional investors.

About Aware

Aware, Inc, an authentication company, provides biometrics software products and solutions for government agencies and commercial entities in the United States, the United Kingdom, and internationally. The company offers biometric software solution, including Knomi, a mobile biometric framework which provides multiple biometric modality options; AwareABIS, an automated biometric identification system used for large-scale biometric identification and deduplication; AFIX suite used for small-scale law enforcement focused biometric identification; and AFIX Tracker for fingerprint, palmprint, and latent print identification, as well as AFIX Face, AFIX Verifier, AFIX Identifier, AFIX Comparator, AFIX Engine, and AFIX NIST Transaction Engine.