The stock of Greenwave Technology Solutions Inc (GWAV) has gone down by -15.10% for the week, with a -61.58% drop in the past month and a -84.00% drop in the past quarter. The volatility ratio for the week is 7.88%, and the volatility levels for the past 30 days are 19.18% for GWAV. The simple moving average for the last 20 days is -21.11% for GWAV stock, with a simple moving average of -81.93% for the last 200 days.
Is It Worth Investing in Greenwave Technology Solutions Inc (NASDAQ: GWAV) Right Now?
The 36-month beta value for GWAV is also noteworthy at 1.57. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for GWAV is 9.45M, and at present, short sellers hold a 22.13% of that float. The average trading volume of GWAV on April 16, 2024 was 2.53M shares.
GWAV) stock’s latest price update
Greenwave Technology Solutions Inc (NASDAQ: GWAV)’s stock price has decreased by -1.10 compared to its previous closing price of 0.12. However, the company has seen a -15.10% decrease in its stock price over the last five trading sessions. InvestorPlace reported 2024-03-19 that Greenwave Tech Solutions (NASDAQ: GWAV ) stock is falling hard on Tuesday after the metal recycling company sent warrant exercise inducement offer letters to holders. These letters allow holders of its warrants to exercise them for $0.204 per share.
GWAV Trading at -75.90% from the 50-Day Moving Average
After a stumble in the market that brought GWAV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -89.61% of loss for the given period.
Volatility was left at 19.18%, however, over the last 30 days, the volatility rate increased by 7.88%, as shares sank -68.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -88.24% lower at present.
During the last 5 trading sessions, GWAV fell by -15.10%, which changed the moving average for the period of 200-days by -85.03% in comparison to the 20-day moving average, which settled at $0.1347. In addition, Greenwave Technology Solutions Inc saw -79.40% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for GWAV
Current profitability levels for the company are sitting at:
- -0.73 for the present operating margin
- 0.39 for the gross margin
The net margin for Greenwave Technology Solutions Inc stands at -1.8. The total capital return value is set at -0.82. Equity return is now at value -269.90, with -67.82 for asset returns.
Based on Greenwave Technology Solutions Inc (GWAV), the company’s capital structure generated 1.01 points at debt to capital in total, while cash flow to debt ratio is standing at -0.08. The debt to equity ratio resting at -121.56. The interest coverage ratio of the stock is -3.17.
Currently, EBITDA for the company is -3.88 million with net debt to EBITDA at -8.63. When we switch over and look at the enterprise to sales, we see a ratio of 1.16. The receivables turnover for the company is 66.2for trailing twelve months and the total asset turnover is 0.68. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.14.
Conclusion
In summary, Greenwave Technology Solutions Inc (GWAV) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
