Vislink Technologies Inc. (NASDAQ: VISL): Do Not Miss The Gain Train


Iroquois Capital Management LLC has recently announced that it has increased stake in Vislink Technologies Inc. (NASDAQ:VISL) by 240.06%. After grabbing 5.3 million shares, the institutional investor is now in possession of 3.74 million shares of the Technology Company. The new investment brought the stake of investor firm to 6.01% having worth around $2.76 million. Moreover, BlackRock Fund Advisors increased its share by 1.91 million to have a control over 1.91 million shares. And The Vanguard Group, Inc. raised its holdings to 0.19 million shares by acquiring 0.52 million shares or 0.59% of the stake.

Vislink Technologies Inc. (VISL) concluded trading on 08/26/20 at a closing price of $1.76, with 2.86 million shares of worth about $5.03 million changed hands on the day. Weekly performance of the stock remained negative as price took a plunge of -11.56% during that period and on Wednesday the price saw a loss of about -0.56%. Currently the company’s common shares owned by public are about 16.10M shares, out of which, 15.14M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 5 times over the past 12 months. They bought 327,870 shares in 5 of the transactions. In 0 selling transactions, insiders dumped 0 shares.

The company recently came buying 4.0 shares which brought its stake up to 0.00% of the company’s outstanding shares.

Vislink Technologies Inc. (NASDAQ: VISL) started trading at $1.76, below -$0.01 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $1.76, or with a loss of -0.56%. Stock saw a price change of -11.56% in past 5 days and over the past one month there was a price change of -55.82%. Year-to-date (YTD), VISL shares are showing a performance of 15.26% which decreased to -63.84% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.66 but also hit the highest price of $8.94 during that period. While comparing its average daily trading volume of 3.85 million shares, we see that about 2.86 million changed hands on the day. The stock is currently trading -27.37% below its 20-day simple moving average (SMA20), while that difference is down -47.76% for SMA50 and it goes to -16.21% lower than SMA200.

Iroquois Capital Management LLC acquired 5.3 million shares of Vislink Technologies Inc. having value of about $2.76 million. Data submitted at the U.S SEC by Iroquois Capital Management LLC revealed that the firm now holds 3.74 million shares in the company valued at close to $6585851.36, or have control over 240.06% stake in the company. Vislink Technologies Inc. (NASDAQ: VISL) currently have 16.10M outstanding shares and institutions hold larger chunk of about 9.00% of that. Holding of mutual funds in the company is about — while other institutional holders and individual stake holders have control over 0.00% and — of the stake respectively.

The stock has a current market capitalization of $29.11M and its 3Y-monthly beta is at 1.60. It has posted earnings per share of -$15.65 in the same period. It has Quick Ratio of 0.70 while making debt-to-equity ratio of 0.03. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for VISL, volatility over the week remained 11.11% while standing at 11.61% over the month.

Analysts are in expectations that Vislink Technologies Inc. (VISL) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter ESPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $50.4 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 77.70%.

Analysts at 1 brokerage firms have issued recommendations for the Vislink Technologies Inc. (VISL)’s stock out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.


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