The stock price of Greenwave Technology Solutions Inc (NASDAQ: GWAV) has surged by 4.36 when compared to previous closing price of 0.06, but the company has seen a -3.29% decline in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-30 that Greenwave Technology Solutions (NASDAQ: GWAV ) stock is rising higher on Tuesday alongside heavy pre-market trading of the metal recycling company’s shares. That has more than 29 million shares of GWAV stock changing hands as of this writing.
Is It Worth Investing in Greenwave Technology Solutions Inc (NASDAQ: GWAV) Right Now?
Additionally, the 36-month beta value for GWAV is 1.64. 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 137.46M and currently, short sellers hold a 0.63% ratio of that float. The average trading volume of GWAV on May 06, 2024 was 5.34M shares.
GWAV’s Market Performance
The stock of Greenwave Technology Solutions Inc (GWAV) has seen a -3.29% decrease in the past week, with a -55.48% drop in the past month, and a -93.47% fall in the past quarter. The volatility ratio for the week is 10.74%, and the volatility levels for the past 30 days are at 10.25% for GWAV. The simple moving average for the last 20 days is -37.45% for GWAV stock, with a simple moving average of -89.23% for the last 200 days.
GWAV Trading at -76.93% 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 -94.23% of loss for the given period.
Volatility was left at 10.25%, however, over the last 30 days, the volatility rate increased by 10.74%, as shares sank -54.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -91.15% lower at present.
During the last 5 trading sessions, GWAV fell by -3.29%, which changed the moving average for the period of 200-days by -91.82% in comparison to the 20-day moving average, which settled at $0.0994. In addition, Greenwave Technology Solutions Inc saw -88.57% 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 1.31. 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.
