Greenwave Technology Solutions Inc (NASDAQ:GWAV) saw an upside of 12.30% to $0.69 after adding $0.07 on Wednesday. The 5-day average trading volume is 209,498 shares of the company’s common stock. It has gained $0.7250 in the past week and touched a new high 2 times within the past 5 days. An average of 187,094 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 139,278.
GWAV’s 1-month performance is -21.94% or -$0.1923 on its low of $0.5800 reached on 09/26/23. The company’s shares have touched a 52-week low of $0.58 and high of $2.10, with the stock’s rally to the 52-week high happening on 02/06/23. YTD, GWAV has lost -21.14% or -$0.1881 and has reached a new high 6 times. However, the current price is down -66.96% from the 52-week high price.
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Valuation Metrics
GWAV stock has a beta of 1.94. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.33 while the price-to-book (PB) in the most recent quarter is 0.86.
Greenwave Technology Solutions Inc’s quick ratio for the recent period was 0.05, with the current ratio over the same period at 0.06. In terms of profitability, the gross margin trailing 12 months is 22.85%. The firm’s gross profit as reported stood at $12.44 million against revenue of $33.98 million.
Earnings Surprise
Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -522.91% to -$2.27 million, while revenue of -$4.03 million was -77.53% off the previous quarter. EBITDA for the quarter stood at more than $1.14 million. GWAV stock balance sheet for the recent quarter shows that total liabilities totaled 33.32 million, with total debt at $21.0 million. Shareholders hold equity totaling $12.39 million.
Let’s look briefly at Greenwave Technology Solutions Inc (GWAV) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 44.94% to suggest the stock is trending Neutral, with historical volatility in this time period at 92.50%.
The stock’s 5-day moving average is $0.6412, reflecting a +2.75% or $0.0028 change from its current price. GWAV is currently trading -27.83% above its 20-day SMA, -16.53% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -13.40% and SMA200 by-30.65%.
Stochastic %K and %D was 20.08% and 13.66% and the average true range (ATR) pointed at 0.0752. The RSI (14) points at 42.08%, while the 14-day stochastic is at 36.98% with the period’s ATR at 0.0759. The stock’s 9-day MACD Oscillator is pointing at -0.0166 and -0.0609 on the 14-day charts.
