Rail Vision (NASDAQ:RVSN) Shares Down 8.8% – Here’s What Happened

Rail Vision Ltd. (NASDAQ:RVSN) dropped 8.8% during mid-day trading on Friday . The company traded as low as $0.3403 and last traded at $0.3414. Approximately 466,994 shares traded hands during trading, a decline of 34% from the average daily volume of 708,552 shares. The stock had previously closed at $0.3742.

Analyst Ratings Changes

A number of research firms have weighed in on RVSN. Zacks Research upgraded Rail Vision to a “hold” rating in a report on Wednesday, December 3rd. Wall Street Zen raised Rail Vision to a “hold” rating in a research report on Friday, October 3rd. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Rail Vision in a research note on Monday. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Rail Vision Trading Down 8.8%

The stock has a 50-day moving average price of $0.39 and a two-hundred day moving average price of $0.40. The stock has a market cap of $20.36 million, a price-to-earnings ratio of -0.07 and a beta of -1.24.

Rail Vision Company Profile

Rail Vision Ltd. is an Israel-based technology company specializing in vision-based safety and automation solutions for the global rail industry. Founded in 2016 and headquartered in Tel Aviv, the company develops and deploys AI-driven systems that use advanced cameras and machine learning algorithms to detect obstacles and hazards along railway tracks. Rail Vision’s flagship offering integrates trackside sensors with onboard vision systems to provide real-time alerts of objects such as vehicles, debris, animals and people, enabling operators to enhance safety and operational efficiency.

The company’s product suite comprises both stationary and mobile sensing units.