Morgan Stanley & Co. LLC recently announced the acquisition of new stake in Rail Vision Ltd (NASDAQ:RVSN). The institutional investor has increased its shareholding in the Industrials company by 33.45% to 4400.0 shares with purchase of 1103.0 shares. This fresh investment now brings its stake to 0.15% valued currently at $6706.0.
Currently, there are 1.99M common shares owned by the public and among those 1.18M shares have been available to trade.
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Fidelity Nasdaq Composite Index F owns 778.0 shares of the company’s stock, all valued at over $1186.0.
However, the script later moved the day high at 2.4700, up 64.23%. The company’s stock has a 5-day price change of 61.87% and -35.58% over the past three months. RVSN shares are trading 47.62% year to date (YTD), with the 12-month market performance down to -83.88% lower. It has a 12-month low price of $1.01 and touched a high of $19.84 over the same period. RVSN has an average intraday trading volume of 505.67K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 61.51%, 50.99%, and -43.50% respectively.
Institutional ownership of Rail Vision Ltd (NASDAQ: RVSN) shares accounts for 2.28% of the company’s 1.99M shares outstanding. Mutual fund holders own 0.03%, while other institutional holders and individual stakeholders account for 2.26% and — respectively.
It has a market capitalization of $6.75M and a beta (3y monthly) value of 0.76. The earnings-per-share (ttm) stands at -$4.86. Price movements for the stock have been influenced by the stock’s volatility, which stands at 38.99% over the week and 22.66% over the month.
Analysts forecast that Rail Vision Ltd (RVSN) will achieve an EPS of -$1.28 for the current quarter, $0 for the next quarter and -$4.32 for 2024. The lowest estimate earnings-per-share for the quarter is -$1.28 while analysts give the company a high EPS estimate of -$1.28. Comparatively, EPS for the current quarter was -$1.36 a year ago.
