Iroquois Capital Management LLC recently announced the acquisition of new stake in Vislink Technologies Inc. (NASDAQ:VISL). The institutional investor has increased its shareholding in the Technology company by 240.06% to 5.3 million shares with purchase of 3.74 million shares. This fresh investment now brings its stake to 6.01% valued currently at $2.76 million. In addition, BlackRock Fund Advisors raised its holdings by 1.91 million to 1.91 million shares. And The Vanguard Group, Inc. has lifted its position by 57.06% or 0.19 million shares – to 0.52 million shares.
With over 2.58 million Vislink Technologies Inc. (VISL) shares trading Monday and a closing price of $1.74 on the day, the dollar volume was approximately $4.49 million. The shares have shown a positive weekly performance of 2.35% and its price on 08/31/20 lost nearly -4.40%. Currently, there are 16.10M common shares owned by the public and among those 15.14M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for VISL have a consensus price objective of $60.00. The analysts have set the share’s price value over the next 12 months at a high of $60.00 and a low of $60.00 should the stock experience a downside. But an upside of 97.1% will see the stock hit the forecast high price target while mean target price for the stock is $60.00.
Insiders at the company have transacted a total of 5 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 5 of these insider trades were purchases, accounting for 327,870 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
iShares Core S&P Total US Stock M owns 4.0 shares of the company’s stock, all valued at over $0.0. The company bought an additional 4.0 shares recently to bring their total holdings to about 0.00% of the shares outstanding.
Shares of Vislink Technologies Inc. (NASDAQ: VISL) opened at $1.78, down -$0.04 from a prior closing price of $1.82. However, the script later closed the day at $1.74, down -4.40%. The company’s stock has a 5-day price change of 2.35% and -14.43% over the past three months. VISL shares are trading 13.95% year to date (YTD), with the 12-month market performance down to -64.63% lower. It has a 12-month low price of $0.66 and touched a high of $8.94 over the same period. Currently, 2.58 million shares have been traded, compared to an average intraday trading volume of 3.85 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -18.99%, -45.69%, and -17.01% respectively.
Institutional ownership of Vislink Technologies Inc. (NASDAQ: VISL) shares accounts for 9.00% of the company’s 16.10M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for 0.00% and — respectively.
It has a market capitalization of $27.06M and a beta (3y monthly) value of 1.45. The earnings-per-share (ttm) stands at -$4.99. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.55% over the week and 10.50% over the month.
Analysts forecast that Vislink Technologies Inc. (VISL) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for 2019. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was $50.4 a year ago.
Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”