Greenwave Technology Solutions (NASDAQ:GWAV) Issues Quarterly Earnings Results

Greenwave Technology Solutions (NASDAQ:GWAV) announced its earnings results on Thursday. The company reported ($8.98) earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $11.00 million for the quarter.

Greenwave Technology Solutions Stock Performance

Greenwave Technology Solutions stock traded down $0.07 during trading on Friday, hitting $4.48. The company’s stock had a trading volume of 123,478 shares, compared to its average volume of 347,301. The stock’s fifty day moving average is $5.54 and its 200 day moving average is $9.22. Greenwave Technology Solutions has a 1-year low of $4.25 and a 1-year high of $59.63. The stock has a market capitalization of $3.72 million, a price-to-earnings ratio of 0.00 and a beta of 0.05.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Greenwave Technology Solutions in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Greenwave Technology Solutions stock. XTX Topco Ltd acquired a new position in shares of Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 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 reporting period. 15.64% of the stock is currently owned by institutional investors.

Greenwave Technology Solutions Company Profile

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.