VisionWave (NASDAQ:VWAV) Stock Jumps 11.7% – Still a Buy?

Shares of VisionWave Holdings Inc (NASDAQ:VWAV – Get Free Report) traded up 11.7% during mid-day trading on Friday. The stock traded as high as $5.79 and last traded at $5.74. Approximately 211,466 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 629,963 shares. The stock had previously closed at $5.14.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on VWAV shares. Weiss Ratings downgraded shares of VisionWave from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday. Wall Street Zen lowered shares of VisionWave from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Check Out Our Latest Report on VWAV

VisionWave Stock Up 11.7%

The business’s fifty day moving average is $14.48 and its 200-day moving average is $72.14. The company has a market cap of $12.80 million, a PE ratio of -0.12 and a beta of 0.78.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in VisionWave stock. Equitable Holdings Inc. acquired a new stake in shares of VisionWave Holdings Inc (NASDAQ:VWAV – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 13,650 shares of the company’s stock, valued at approximately $59,000. Hedge funds and other institutional investors own 51.36% of the company’s stock.

About VisionWave

(Get Free Report)

VisionWave Holdings, Inc is a technology company focused on developing advanced defense and aerospace solutions. Its activities center on the integration of artificial intelligence, sensing technologies, communications systems and autonomous capabilities for applications in defense and space.

The company has described its technology portfolio as including AI-enabled radar and sensing systems, satellite and wireless communications, autonomous platforms, hypersonic-related technologies and directed-energy solutions.

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