Greenwave Technology Solutions (NASDAQ:GWAV – Get Free Report) released its quarterly earnings data on Tuesday. The company reported ($3.91) earnings per share (EPS) for the quarter, Zacks reports. Greenwave Technology Solutions had a negative net margin of 33.19% and a negative return on equity of 60.95%.
Greenwave Technology Solutions Trading Up 4.9%
Shares of NASDAQ:GWAV traded up $0.18 during midday trading on Tuesday, reaching $3.86. The company’s stock had a trading volume of 4,937 shares, compared to its average volume of 100,744. The firm has a market cap of $3.20 million, a price-to-earnings ratio of -0.14 and a beta of 0.14. The business has a 50 day moving average price of $3.33 and a 200 day moving average price of $3.63. Greenwave Technology Solutions has a 1 year low of $2.39 and a 1 year high of $24.00. The company has a quick ratio of 0.13, a current ratio of 0.24 and a debt-to-equity ratio of 0.23.
Institutional Trading of Greenwave Technology Solutions
An institutional investor recently bought a new stake in Greenwave Technology Solutions stock. XTX Topco Ltd bought a new stake in Greenwave Technology Solutions, Inc. (NASDAQ:GWAV – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 15.64% of the company’s stock.
Wall Street Analysts Forecast Growth
Get Our Latest Analysis on GWAV
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.
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