Are Analysts Too Bullish On Greenwave Technology Solutions Inc (GWAV)

Greenwave Technology Solutions Inc (NASDAQ:GWAV) currently has a daily average trading volume of 1.91M but it saw 1380014 shares traded in last market. With a market cap of 9.42M USD, the company’s current market price of $0.47 came falling about -13.84 while comparing to the previous closing price of $0.54. In past 52 weeks, the stock remained buoying in the range of price level as high as $154.50 and as low as $0.42. In the recent trading on the day, stock has struck highest price mark of $0.4651 while lowest mark touched by it was $0.5439.

Taking a look at 20-day trading activity of Greenwave Technology Solutions Inc (GWAV) gives us an average price of $0.5278, while its current price level is -99.70% below from 52-week high level whereas it is 12.04% 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 $1.1799 while that of 200 days or SMA-200 reads an average of $45.0223. A closer look into the stock’s movement over the week reveals that its volatility is standing at 14.23% during that period while stretching the period over a month that increases to 15.93%. 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 29.02 which implies that the stock is in oversold territory.

Over the week, GWAV’s stock price is moving 1.79% up while it is -64.15% when we observe its performance for the past one month. Year-to-date it is -99.45% down and over the past year, the stock is showing a downside performance of -99.65%.

Currently, Greenwave Technology Solutions Inc’s total number of outstanding shares is 20.22M. Company’s return on investment (ROI) stands at -59.27% and return on equity (ROE) at -269.90%. Stock’s beta reads 1.72. Stock has a price to book (P/B) ratio of 0.11 while price to sale or P/S ratio amounts to 0.29. Its return on asset (ROA) is -67.82% on average.