Aware (NASDAQ:AWRE) Stock Passes Above 200 Day Moving Average - What's Next?

Key Points

• Aware, Inc.'s stock (NASDAQ:AWRE) recently crossed above its 200-day moving average of $2.00, reaching a high of $2.55 during trading.
• Weiss Ratings has reaffirmed a "sell (d-)" rating for Aware, supporting a consensus rating of "Sell" from analysts.
• The company reported a negative net margin of 35.46% and a quarterly earnings per share (EPS) of ($0.08), indicating ongoing financial challenges.

Aware, Inc. (NASDAQ:AWRE - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.00 and traded as high as $2.55. Aware shares last traded at $2.47, with a volume of 11,507 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Aware in a research note on Wednesday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of "Sell".

Aware Trading Up 1.0%

The company has a market capitalization of $52.54 million, a P/E ratio of -8.80 and a beta of 0.89. The business has a 50 day moving average price of $2.44 and a 200 day moving average price of $2.00.

Aware (NASDAQ:AWRE - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The software maker reported ($0.08) EPS for the quarter. Aware had a negative net margin of 35.46% and a negative return on equity of 19.04%.

Hedge Funds Weigh In On Aware

Several institutional investors and hedge funds have recently modified their holdings of AWRE. GMT Capital Corp acquired a new position in shares of Aware in the 1st quarter valued at approximately $39,000. Goldman Sachs Group Inc. grew its position in shares of Aware by 71.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 34,595 shares of the software maker's stock valued at $55,000 after purchasing an additional 14,436 shares during the period. Finally, Aristides Capital LLC grew its position in shares of Aware by 55.5% in the 2nd quarter. Aristides Capital LLC now owns 206,009 shares of the software maker's stock valued at $389,000 after purchasing an additional 73,500 shares during the period. 24.39% of the stock is currently owned by institutional investors and hedge funds.

Aware Company Profile

Aware, Inc, an authentication company, provides biometrics software products and solutions for government agencies and commercial entities in the United States, the United Kingdom, and internationally. The company offers biometric software solution, including Knomi, a mobile biometric framework which provides multiple biometric modality options; AwareABIS, an automated biometric identification system used for large-scale biometric identification and deduplication; AFIX suite used for small-scale law enforcement focused biometric identification; and AFIX Tracker for fingerprint, palmprint, and latent print identification, as well as AFIX Face, AFIX Verifier, AFIX Identifier, AFIX Comparator, AFIX Engine, and AFIX NIST Transaction Engine.

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