NEW YORK, May 24, 2026, 11:10 EDT
Swarmer Inc. shares jumped again Friday, ending the session higher as traders kept bidding up the thinly traded drone-autonomy name going into the U.S. holiday break.
The stock ended Friday’s session at $38.86 on Nasdaq, gaining 9.31%. That puts the price 31.1% over where it closed the previous Friday at $29.64. About 1.10 million shares changed hands on Friday, well above the average volume of about 652,890 reported by Google Finance. Investing
Investors won’t be able to react to the change right away. The Nasdaq 2026 holiday schedule has U.S. equity markets shut on Monday, May 25, for Memorial Day, so SWMR won’t trade again until Tuesday. Nasdaq
The lull in the market could be short. Reuters’ Morning Bid put the focus on U.S. personal consumption expenditures data this week. The PCE is the Fed’s favored inflation gauge, and the core index throws out food and energy. The core PCE can swing less and gets close Fed attention. Reuters
Swarmer just came off its IPO, putting shares in public hands for the first time. According to a March filing, the company sold 3.45 million shares at $5 apiece, bringing in about $17.3 million before underwriter fees and other costs.
Swarmer’s operations are still small. For the first quarter, the company posted revenue of $20,325, down from $110,704 the year before, with a net loss of $4.5 million. Cash and equivalents totaled $23.5 million at March 31, boosted by the IPO and preferred stock sale. President and U.S. CEO Alex Fink said Swarmer took an “important step forward” this quarter and wants Swarmer to be a “foundational software layer.” Swarmer
Swarmer’s filings lay out a clear risk. The prospectus listed big losses, a heavy dependence on just a few customers, and “substantial doubt” about Swarmer’s ability to keep operating as a going concern. For 2024 and 2025, one customer drove nearly all revenue, the company said, but it doesn’t expect new orders from that customer. Securities and Exchange Commission
Backers of the stock are focused on defense orders and the company’s software position. Swarmer said on May 12 it will head up a project with X-Drone, Norda Dynamics, and Kara Dag Technologies to make a drone-interceptor system. Fink pointed to “urgent demand” for rapid interceptor tools. “Unpiloted interceptors are the future,” an X-Drone spokesperson said. Swarmer
Swarmer is looking to grow its advanced autonomy business in Japan, the company said May 4. Backed by Rakuten Group, Swarmer is pushing expansion plans in what Global CEO Serhii Kupriienko called one of the world’s most sophisticated robotics markets. Swarmer
Wall Street isn’t covering this name much. Alex Fuhrman at Lucid Capital Markets started coverage back in April with a buy and $60 price target. Investing.com reported that his target comes from 18.5 times enterprise value to sales, using the firm’s 2028 numbers. Enterprise value to sales weighs a company’s market value, after debt and cash, against projected revenue. Investing
Drone plays drew some bids Friday, but moves were mixed. Red Cat Holdings climbed 4.1% and AeroVironment added 6.8%. Ondas dropped 1.2%.
Swarmer traders get a test Tuesday, with no new company release expected. The bull view is clear: more contracts, deployments, and signs that software can scale up sales. Bears point to the risks: it’s still a small, loss-making business, and shares could fall fast if macro trouble hits or if partnerships are slow to pay off.
