Stock Traders Buy Large Volume of Call Options on VisionWave (NASDAQ:VWAV)

VisionWave Holdings Inc (NASDAQ:VWAV) was the recipient of unusually large options trading on Tuesday. Investors acquired 2,330 call options on the company. This is an increase of approximately 148% compared to the typical daily volume of 941 call options.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut VisionWave from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, VisionWave has a consensus rating of “Sell”.

VisionWave Stock Down 10.2%

Shares of NASDAQ VWAV traded down $0.26 during mid-day trading on Tuesday, reaching $2.32. 195,552 shares of the company were exchanged, compared to its average volume of 589,910. The stock has a market capitalization of $63.88 million, a P/E ratio of -1.81 and a beta of 0.71. The company’s 50-day simple moving average is $4.66 and its 200-day simple moving average is $6.78. VisionWave has a twelve month low of $2.28 and a twelve month high of $15.80.

VisionWave (NASDAQ:VWAV) last released its quarterly earnings results on Wednesday, May 20th. The company reported ($0.66) earnings per share for the quarter.

Institutional Trading of VisionWave

Institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers bought a new position in VisionWave during the 4th quarter worth $132,000. Equitable Holdings Inc. bought a new stake in shares of VisionWave in the fourth quarter valued at about $125,000. Squarepoint Ops LLC acquired a new position in shares of VisionWave in the fourth quarter valued at about $105,000. Marshall Wace LLP bought a new position in VisionWave during the fourth quarter worth about $117,000. Finally, State Street Corp raised its stake in VisionWave by 20.9% in the 4th quarter. State Street Corp now owns 26,576 shares of the company’s stock worth $246,000 after purchasing an additional 4,600 shares in the last quarter. 51.36% of the stock is currently owned by institutional investors.

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.