Analyzing Greenwave Technology Solutions (GWAV) and The Competition

Greenwave Technology Solutions (NASDAQ:GWAV) is one of 354 public companies in the “Commercial Services & Supplies” industry, but how does it compare to its competitors? We will compare Greenwave Technology Solutions to similar businesses based on the strength of its dividends, valuation, profitability, institutional ownership, earnings, analyst recommendations and risk.

Risk and Volatility

Greenwave Technology Solutions has a beta of 0.15, meaning that its share price is 85% less volatile than the S&P 500. Comparatively, Greenwave Technology Solutions’ competitors have a beta of 2.52, meaning that their average share price is 152% more volatile than the S&P 500.

Analyst Recommendations

This is a breakdown of current ratings for Greenwave Technology Solutions and its competitors, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Greenwave Technology Solutions	1	0	0	0	1.00
Greenwave Technology Solutions Competitors	1813	6096	8976	655	2.48

As a group, “Commercial Services & Supplies” companies have a potential upside of 10.57%. Given Greenwave Technology Solutions’ competitors stronger consensus rating and higher probable upside, analysts clearly believe Greenwave Technology Solutions has less favorable growth aspects than its competitors.

Profitability

This table compares Greenwave Technology Solutions and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Greenwave Technology Solutions	-33.19%	-60.95%	-31.64%
Greenwave Technology Solutions Competitors	-61.40%	-127.53%	-1.37%

Institutional and Insider Ownership

15.6% of Greenwave Technology Solutions shares are owned by institutional investors. Comparatively, 39.6% of shares of all “Commercial Services & Supplies” companies are owned by institutional investors. 4.0% of Greenwave Technology Solutions shares are owned by company insiders. Comparatively, 16.7% of shares of all “Commercial Services & Supplies” companies are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Earnings & Valuation

This table compares Greenwave Technology Solutions and its competitors top-line revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Greenwave Technology Solutions	$46.66 million	-$21.60 million	-0.16
Greenwave Technology Solutions Competitors	$2.44 billion	$140.15 million	24.07

Greenwave Technology Solutions’ competitors have higher revenue and earnings than Greenwave Technology Solutions. Greenwave Technology Solutions is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Summary

Greenwave Technology Solutions competitors beat Greenwave Technology Solutions on 11 of the 13 factors compared.

About Greenwave Technology Solutions

Greenwave Technology Solutions, Inc., through its subsidiary, operates metal recycling facilities in Virginia, Ohio, and North Carolina. The company collects, classifies, and processes appliances, construction materials, end-of-life vehicles, boats, and industrial machinery. It is also involved in the purchasing and sale of processed and unprocessed scrap metals; and operation of automotive shredders. In addition, the company process nonferrous metals, such as aluminum, copper, stainless steel, nickel, brass, titanium, lead, alloys, and mixed metal products; and sells catalytic converters recovered from end-of-life vehicles to processors that extracts nonferrous precious metals comprising platinum, palladium, and rhodium. It serves large corporations, industrial manufacturers, retail customers, and government organizations. The company was formerly known as MassRoots, Inc and changed its name to Greenwave Technology Solutions, Inc. in October 2021. Greenwave Technology Solutions, Inc. was founded in 2002 and is headquartered in Chesapeake, Virginia.