The stock of Greenwave Technology Solutions Inc (NASDAQ: GWAV) has decreased by -7.65 when compared to last closing price of 0.38.Despite this, the company has seen a loss of -10.96% in its stock price over the last five trading days. prnewswire.com reported 2024-08-02 that Company Launches Trust Pilot reviews to Boost Google Search Ranking and Optimize its Conversion Rate ScrapApp.com is Capturing Market Share and Growing Revenue in Key Markets Primarily Utilizing Cashflows Generated from Operating Activities CHESAPEAKE, Va., Aug. 2, 2024 /PRNewswire/ — Greenwave Technology Solutions, Inc. (“Greenwave” or the “Company”) (Nasdaq: GWAV), an operator of metal recycling facilities in Virginia, North Carolina, and Ohio, announced today that its wholly-owned subsidiary, Scrap App, Inc., set a new weekly revenue record from cars purchased through the ScrapApp.com platform from July 21 through and including July 27, 2024.
Is It Worth Investing in Greenwave Technology Solutions Inc (NASDAQ: GWAV) Right Now?
Company’s 36-month beta value is 1.69.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for GWAV is 19.37M, and currently, short sellers hold a 3.50% ratio of that floaft. The average trading volume of GWAV on November 14, 2024 was 1.33M shares.
GWAV’s Market Performance
The stock of Greenwave Technology Solutions Inc (GWAV) has seen a -10.96% decrease in the past week, with a -17.06% drop in the past month, and a -34.54% fall in the past quarter. The volatility ratio for the week is 6.49%, and the volatility levels for the past 30 days are at 10.21% for GWAV. The simple moving average for the last 20 days is -14.63% for GWAV’s stock, with a simple moving average of -98.34% for the last 200 days.
GWAV Trading at -14.19% 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 -99.77% of loss for the given period.
Volatility was left at 10.21%, however, over the last 30 days, the volatility rate increased by 6.49%, as shares sank -36.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.09% lower at present.
During the last 5 trading sessions, GWAV fell by -11.13%, which changed the moving average for the period of 200-days by -99.71% in comparison to the 20-day moving average, which settled at $0.4140. In addition, Greenwave Technology Solutions Inc saw -99.58% 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:
- -0.81 for the present operating margin
- 0.26 for the gross margin
The net margin for Greenwave Technology Solutions Inc stands at -0.64. The total capital return value is set at -0.44. 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 0.12 points at debt to capital in total, while cash flow to debt ratio is standing at -2.19. The debt to equity ratio resting at 0.14. The interest coverage ratio of the stock is -2.57.
Currently, EBITDA for the company is -10.58 million with net debt to EBITDA at 3.91. When we switch over and look at the enterprise to sales, we see a ratio of -0.24. The receivables turnover for the company is 41.47for trailing twelve months and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.10.
Conclusion
In a nutshell, Greenwave Technology Solutions Inc (GWAV) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
