Greenwave Technology Solutions (NASDAQ:GWAV – Get Free Report) issued its earnings results on Wednesday. The company reported ($1.81) earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $16.28 million for the quarter. Greenwave Technology Solutions had a negative return on equity of 62.56% and a negative net margin of 46.33%.
Greenwave Technology Solutions Stock Up 2.7%
GWAV stock traded up $0.09 during mid-day trading on Friday, reaching $3.33. 59,359 shares of the company traded hands, compared to its average volume of 105,853. The stock has a market cap of $2.76 million, a price-to-earnings ratio of -0.12 and a beta of 0.17. The company has a quick ratio of 0.11, a current ratio of 0.21 and a debt-to-equity ratio of 0.23. Greenwave Technology Solutions has a fifty-two week low of $2.39 and a fifty-two week high of $24.00. The firm’s 50 day moving average price is $3.22 and its 200 day moving average price is $3.72.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Greenwave Technology Solutions in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Greenwave Technology Solutions has a consensus rating of “Sell”.
Institutional Trading of Greenwave Technology Solutions
A hedge fund recently bought a new position in Greenwave Technology Solutions stock. XTX Topco Ltd bought a new stake in shares of Greenwave Technology Solutions, Inc. (NASDAQ:GWAV – Free Report) during the 2nd quarter, according to the company in its most recent disclosure 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 about 0.24% of Greenwave Technology Solutions as of its most recent SEC filing. Institutional investors own 15.64% of the company’s stock.
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.
See Also
- Five stocks we like better than Greenwave Technology Solutions
- Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector
- Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case
- Apple’s Record Quarter Could Not Outrun Its Guidance Problem
- McKesson’s Compounding Keeps Adding Up
Receive News & Ratings for Greenwave Technology Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greenwave Technology Solutions and related companies with MarketBeat.com's FREE daily email newsletter.
