VisionWave (NASDAQ:VWAV) Stock Rating Upgraded by Wall Street Zen

VisionWave (NASDAQ:VWAV) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

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

VisionWave Stock Up 1.2%

VisionWave stock opened at $7.56 on Friday. The business’s fifty day moving average is $9.51. The stock has a market capitalization of $148.11 million, a P/E ratio of -12.00 and a beta of 0.21. VisionWave has a fifty-two week low of $2.06 and a fifty-two week high of $15.80.

VisionWave (NASDAQ:VWAV) last issued its quarterly earnings data on Tuesday, February 17th. The company reported ($0.46) earnings per share (EPS) for the quarter.

Insiders Place Their Bets

In other VisionWave news, major shareholder Internacional Argentina Magic sold 12,200 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $9.58, for a total transaction of $116,876.00. Following the completion of the sale, the insider owned 2,008,300 shares of the company’s stock, valued at approximately $19,239,514. The trade was a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On VisionWave

A number of large investors have recently modified their holdings of the company. CIBC Private Wealth Group LLC acquired a new position in shares of VisionWave in the 4th quarter valued at about $93,000. Squarepoint Ops LLC purchased a new position in VisionWave in the fourth quarter valued at approximately $105,000. Marshall Wace LLP purchased a new position in VisionWave in the fourth quarter valued at approximately $117,000. Equitable Holdings Inc. acquired a new position in VisionWave during the fourth quarter valued at approximately $125,000. Finally, Cetera Investment Advisers acquired a new position in VisionWave during the fourth quarter valued at approximately $132,000. 51.36% of the stock is currently owned by hedge funds and other institutional investors.

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.