Greenwave Technology Solutions Inc (NASDAQ:GWAV) does about 2.52M shares in volume on a normal day but saw 1309741 shares change hands in the recent trading day. The company now has a market cap of 6.89M USD. Its current market price is $0.54, marking an increase of 8.87% compared to the previous close of $0.50. The 52 week high reached by this stock is $157.49 whilst the lowest price level in 52 weeks is $0.42.
Greenwave Technology Solutions Inc (GWAV) has a 20-day trading average at $0.8970 and the current price is -99.66% off the 52-week high compared with 29.81% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.4862 and its 200-day simple moving average is $48.4786. If we look at the stock’s price movements over the week, volatility stands at 16.31%, which decreases to 12.86% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 27.54 to suggest the stock is oversold.
The consensus objective for the share price is $2.40, suggesting that the stock has a potential upside of 77.5% over the period.
Greenwave Technology Solutions Inc (GWAV) stock is up 27.03% over the week and -67.07% over the past month. Its price is -99.36% year-to-date and -99.65% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.
To reach the target analysts have set, the stock logically needs to grow 77.5 percent from here.
Outstanding shares total 12.75M with insiders holding 20.41% of the shares and institutional holders owning 18.30% of the company’s common stock. The company has a return on investment of -161.52% and return on equity of -269.90%. The beta has a value of 1.77. Price to book ratio is 0.03 and price to sales ratio is 0.21.
