Greenwave Technology Solutions (NASDAQ:GWAV) Shares Up 3.4% – What’s Next?

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV)’s share price rose 3.4% during trading on Wednesday . The company traded as high as $3.95 and last traded at $3.92. Approximately 11,063 shares changed hands during trading, a decline of 87% from the average daily volume of 82,960 shares. The stock had previously closed at $3.79.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on GWAV. Wall Street Zen raised Greenwave Technology Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Greenwave Technology Solutions in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Greenwave Technology Solutions Trading Up 3.4%

The business’s fifty day moving average is $4.61 and its 200-day moving average is $6.43. The firm has a market cap of $3.25 million, a P/E ratio of -0.07 and a beta of -0.04. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.45 and a current ratio of 0.51.

Greenwave Technology Solutions (NASDAQ:GWAV) last posted its earnings results on Thursday, February 5th. The company reported ($8.98) earnings per share for the quarter. The business had revenue of $11.00 million for the quarter. Greenwave Technology Solutions had a negative return on equity of 78.14% and a negative net margin of 92.92%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Greenwave Technology Solutions stock. XTX Topco Ltd bought a new position in shares of Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 147,373 shares of the company’s stock, valued at approximately $28,000. XTX Topco Ltd owned 0.24% of Greenwave Technology Solutions at the end of the most recent quarter. Hedge funds and other institutional investors own 15.64% of the company’s stock.

About Greenwave Technology Solutions

Greenwave Technology Solutions, Inc (NASDAQ: GWAV) is a developer of Internet of Things (IoT) connectivity management solutions. The company’s cloud-native platform enables enterprises and service providers to orchestrate, monitor and secure cellular data connections across a variety of devices and network operators, offering features such as remote provisioning, subscription management and real-time analytics.

Its core offerings include eSIM management, multi-operator roaming orchestration and automated compliance tools designed to simplify the deployment and lifecycle management of large-scale IoT and machine-to-machine (M2M) connectivity projects.