Greenwave Technology Solutions Inc (NASDAQ: GWAV) has seen a rise in its stock price by 12.06 in relation to its previous close of 0.40. However, the company has experienced a 18.21% gain in its stock price over the last five trading sessions. prnewswire.com reported 2025-01-13 that Company to Accelerate Recovery and Monetization of Rare Earth Metals Transaction Prohibits Short Selling, Optimizes Capital Structure, and Aligns Investors with Long-Term Growth CHESAPEAKE, Va., Jan. 13, 2025 /PRNewswire/ — Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) (“Greenwave” or the “Company”), a leading supplier of sustainably-sourced ferrous, non-ferrous and rare-earth metals, announced today the entry into a securities purchase agreement with institutional and accredited investors for a registered direct offering and concurrent private placement priced at the market as of January 10, 2025.
Is It Worth Investing in Greenwave Technology Solutions Inc (NASDAQ: GWAV) Right Now?
Company’s 36-month beta value is 1.33.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 26.50M, and currently, short sellers hold a 4.88% ratio of that floaft. The average trading volume of GWAV on January 22, 2025 was 12.64M shares.
GWAV’s Market Performance
GWAV’s stock has seen a 18.21% increase for the week, with a -30.26% drop in the past month and a -19.70% fall in the past quarter. The volatility ratio for the week is 11.11%, and the volatility levels for the past 30 days are at 14.83% for Greenwave Technology Solutions Inc The simple moving average for the past 20 days is -24.59% for GWAV’s stock, with a -87.11% simple moving average for the past 200 days.
GWAV Trading at -16.56% 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 -99.71% of loss for the given period.
Volatility was left at 14.83%, however, over the last 30 days, the volatility rate increased by 11.11%, as shares sank -36.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.99% upper at present.
During the last 5 trading sessions, GWAV rose by +18.21%, which changed the moving average for the period of 200-days by -98.00% in comparison to the 20-day moving average, which settled at $0.5914. In addition, Greenwave Technology Solutions Inc saw -36.54% 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.
Based on Greenwave Technology Solutions Inc (GWAV), the company’s capital structure generated 0.14 points at debt to capital in total, while cash flow to debt ratio is standing at -1.64. The debt to equity ratio resting at 0.17. 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 0.26. 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 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.
