Swarmer (NASDAQ:SWMR) Issues Earnings Results

Swarmer (NASDAQ:SWMR) issued its earnings results on Thursday. The company reported ($0.45) EPS for the quarter, FiscalAI reports. The business had revenue of $0.22 million during the quarter.

Swarmer Trading Up 8.4%

NASDAQ SWMR traded up $3.33 during trading on Thursday, hitting $42.99. The company had a trading volume of 392,803 shares, compared to its average volume of 1,265,020. The stock has a fifty day simple moving average of $42.61. Swarmer has a one year low of $11.25 and a one year high of $83.30. The firm has a market capitalization of $460.47 million and a P/E ratio of -153.54.

Hedge Funds Weigh In On Swarmer

An institutional investor recently bought a new stake in Swarmer stock. Bank of New York Mellon Corp purchased a new position in Swarmer Inc (NASDAQ:SWMR) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,865 shares of the company’s stock, valued at approximately $349,000. Bank of New York Mellon Corp owned approximately 0.07% of Swarmer at the end of the most recent reporting period.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Swarmer from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th.

About Swarmer

We are launching the future of autonomous warfare through combat-proven software that enables military forces to deploy and coordinate drone swarms at significant scale. While hardware manufacturers compete and as the go-to in an increasingly commoditized market, we seek to establish ourself as a critical software layer operating system for autonomous swarm operations positioning us to capture increased value as the global military drone market experiences growth projected to exceed 12% compound annual growth through 2030.