Greenwave Technology Solutions, Inc. (NASDAQ:GWAV – Get Free Report)’s stock price dropped 4.5% during mid-day trading on Thursday . The stock traded as low as $3.20 and last traded at $3.22. Approximately 4,779 shares traded hands during trading, a decline of 77% from the average session volume of 20,582 shares. The stock had previously closed at $3.37.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Greenwave Technology Solutions in a research report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, Greenwave Technology Solutions currently has an average rating of “Sell”.
Read Our Latest Stock Analysis on GWAV
Greenwave Technology Solutions Stock Up 0.9%
Greenwave Technology Solutions (NASDAQ:GWAV – Get Free Report) last announced its quarterly earnings data on Friday, June 12th. The company reported ($7.16) EPS for the quarter. Greenwave Technology Solutions had a negative net margin of 46.33% and a negative return on equity of 62.56%. The company had revenue of $15.61 million for the quarter.
Hedge Funds Weigh In On Greenwave Technology Solutions
A hedge fund recently bought a new stake in Greenwave Technology Solutions stock. XTX Topco Ltd acquired a new stake in shares of Greenwave Technology Solutions, Inc. (NASDAQ:GWAV – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 147,373 shares of the company’s stock, valued at approximately $28,000. XTX Topco Ltd owned about 0.24% of Greenwave Technology Solutions at the end of the most recent quarter. 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.
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