VisionWave (NASDAQ:VWAV) Stock Price Up 1.4% – Here’s Why

VisionWave Holdings Inc (NASDAQ:VWAV) traded up 1.4% during mid-day trading on Thursday . The stock traded as high as $10.90 and last traded at $10.77. 250,107 shares changed hands during trading, a decline of 49% from the average session volume of 494,641 shares. The stock had previously closed at $10.62.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of VisionWave in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, VisionWave has an average rating of “Sell”.

VisionWave Price Performance

The stock has a market capitalization of $177.92 million, a PE ratio of -63.35 and a beta of 0.18. The firm has a 50 day simple moving average of $10.28.

VisionWave (NASDAQ:VWAV) last issued its earnings results on Friday, October 3rd. The company reported ($0.15) earnings per share for the quarter.

Institutional Trading of VisionWave

A hedge fund recently bought a new stake in VisionWave stock. Yorkville Advisors Global LP bought a new stake in VisionWave Holdings Inc (NASDAQ:VWAV) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 200,000 shares of the company’s stock, valued at approximately $1,906,000. VisionWave makes up about 0.4% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 9th biggest holding. Yorkville Advisors Global LP owned 1.33% of VisionWave at the end of the most recent quarter. Institutional investors own 51.36% of the company’s stock.

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.