Company’s 36-month beta value is 1.50.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.”
The public float for GWAV is 17.26M, and currently, short sellers hold a 15.11% ratio of that floaft. The average trading volume of GWAV on December 26, 2024 was 12.04M shares.
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GWAV) stock’s latest price update
Greenwave Technology Solutions Inc (NASDAQ: GWAV) has seen a rise in its stock price by 4.29 in relation to its previous close of 0.58. However, the company has experienced a -6.19% decline in its stock price over the last five trading sessions. prnewswire.com reported 2024-12-18 that On December 3, 2024, China banned the export of gallium, germanium, and antimony to the United States – vital minerals utilized in the production of semiconductors, solar panels, and electric car batteries The Company expects to generate significant revenue in FY 2025 through the efficient extraction of these rare-earth minerals from vehicles, appliances, equipment, and heavy machinery Greenwave believes its proprietary rare-earth metal recovery initiative is a “catalytic converter-level” opportunity, with breakthrough technologies unlocking the profitable recovery of rare and high-value metals historically overlooked by the recycling industry CHESAPEAKE, Va., Dec. 18, 2024 /PRNewswire/ — Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) (“Greenwave” or the “Company”), a leading metal recycler in Virginia, North Carolina, and Ohio, announced today it is accelerating the recovery of rare-earth metals from appliances, equipment, heavy machinery, and vehicles – capitalizing on surging global demand and escalating geopolitical tensions.
GWAV’s Market Performance
Greenwave Technology Solutions Inc (GWAV) has seen a -6.19% fall in stock performance for the week, with a 92.46% gain in the past month and a 48.71% surge in the past quarter. The volatility ratio for the week is 13.43%, and the volatility levels for the past 30 days are at 22.91% for GWAV. The simple moving average for the past 20 days is -2.36% for GWAV’s stock, with a -89.78% simple moving average for the past 200 days.
GWAV Trading at 24.67% 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 -99.61% of loss for the given period.
Volatility was left at 22.91%, however, over the last 30 days, the volatility rate increased by 13.43%, as shares surge +88.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +51.12% upper at present.
During the last 5 trading sessions, GWAV fell by -5.38%, which changed the moving average for the period of 200-days by -99.10% in comparison to the 20-day moving average, which settled at $0.6200. In addition, Greenwave Technology Solutions Inc saw -99.29% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GWAV starting from ADELMAN JASON T, who purchase 100,000 shares at the price of $0.66 back on Dec 04 ’24. After this action, ADELMAN JASON T now owns 400,000 shares of Greenwave Technology Solutions Inc, valued at $66,000 using the latest closing price.
SICIGNANO HENRY III, the Director of Greenwave Technology Solutions Inc, purchase 100,000 shares at $0.66 during a trade that took place back on Dec 04 ’24, which means that SICIGNANO HENRY III is holding 400,000 shares at $65,900 based on the most recent closing price.
Stock Fundamentals for GWAV
Current profitability levels for the company are sitting at:
- -0.53 for the present operating margin
- 0.22 for the gross margin
The net margin for Greenwave Technology Solutions Inc stands at -0.29. The total capital return value is set at -0.32. 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 0.13 points at debt to capital in total, while cash flow to debt ratio is standing at -1.9. The debt to equity ratio resting at 0.14. The interest coverage ratio of the stock is -2.5.
Currently, EBITDA for the company is -10.58 million with net debt to EBITDA at -1.45. When we switch over and look at the enterprise to sales, we see a ratio of 0.2. The receivables turnover for the company is 17.9for trailing twelve months and the total asset turnover is 0.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.52.
Conclusion
In a nutshell, Greenwave Technology Solutions Inc (GWAV) has experienced a mixed 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.
