Additionally, the 36-month beta value for GWAV is 1.56. 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 25.16M and currently, short sellers hold a 8.31% ratio of that float. The average trading volume of GWAV on April 23, 2024 was 2.67M shares.
GWAV) stock’s latest price update
Greenwave Technology Solutions Inc (NASDAQ: GWAV)’s stock price has increased by 8.23 compared to its previous closing price of 0.12. However, the company has seen a 7.31% increase 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’s Market Performance
Greenwave Technology Solutions Inc (GWAV) has experienced a 7.31% rise in stock performance for the past week, with a -1.94% drop in the past month, and a -82.87% drop in the past quarter. The volatility ratio for the week is 10.62%, and the volatility levels for the past 30 days are at 13.97% for GWAV. The simple moving average for the past 20 days is -4.53% for GWAV’s stock, with a -79.98% simple moving average for the past 200 days.
GWAV Trading at -69.68% 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 -88.72% of loss for the given period.
Volatility was left at 13.97%, however, over the last 30 days, the volatility rate increased by 10.62%, as shares surge +3.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -85.31% lower at present.
During the last 5 trading sessions, GWAV rose by +7.31%, which changed the moving average for the period of 200-days by -83.60% in comparison to the 20-day moving average, which settled at $0.1325. In addition, Greenwave Technology Solutions Inc saw -77.65% 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:
- -0.54 for the present operating margin
- 0.36 for the gross margin
The net margin for Greenwave Technology Solutions Inc stands at -0.75. The total capital return value is set at -0.83. 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 1.13 points at debt to capital in total, while cash flow to debt ratio is standing at -0.05. The debt to equity ratio resting at -8.65. The interest coverage ratio of the stock is -2.17.
Currently, EBITDA for the company is -2.01 million with net debt to EBITDA at -19.5. When we switch over and look at the enterprise to sales, we see a ratio of 1.2. The receivables turnover for the company is 55.18for trailing twelve months and the total asset turnover is 0.77. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.12.
Conclusion
In conclusion, Greenwave Technology Solutions Inc (GWAV) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
