A Few Bright Spots In Greenwave Technology Solutions Inc (NASDAQ: GWAV)

Greenwave Technology Solutions Inc (NASDAQ:GWAV) currently has a daily average trading volume of 2.12M but it saw 1095902 shares traded in last market. With a market cap of 15.04M USD, the company’s current market price of $1.18 came falling about -9.23 while comparing to the previous closing price of $1.30. In past 52 weeks, the stock remained buoying in the range of price level as high as $168.00 and as low as $1.28.

Taking a look at 20-day trading activity of Greenwave Technology Solutions Inc (GWAV) gives us an average price of $1.5570, while its current price level is -99.30% below from 52-week high level whereas it is -7.81% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $3.6387 while that of 200 days or SMA-200 reads an average of $53.6468. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.18% during that period while stretching the period over a month that increases to 6.35%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 29.67 which implies that the stock is in oversold territory.

Over the week, GWAV’s stock price is moving -21.33% down while it is -31.79% when we observe its performance for the past one month. Year-to-date it is -98.61% down and over the past year, the stock is showing a downside performance of -99.19%.

Currently, Greenwave Technology Solutions Inc’s total number of outstanding shares is 12.75M. Company’s return on investment (ROI) stands at -161.52% and return on equity (ROE) at -269.90%. Stock’s beta reads 1.73. Stock has a price to book (P/B) ratio of 0.06 while price to sale or P/S ratio amounts to 0.46. Its return on asset (ROA) is -67.82% on average.