Greenwave Technology Solutions Inc (GWAV): Uncovering A True Diamond In The Rough

Greenwave Technology Solutions Inc (NASDAQ:GWAV) currently has a daily average trading volume of 1.30M but it saw 1157945 shares traded in last market. With a market cap of 6.83M USD, the company’s current market price of $0.31 came rising about 4.34 while comparing to the previous closing price of $0.29. In past 52 weeks, the stock remained buoying in the range of price level as high as $154.50 and as low as $0.28. In the recent trading on the day, stock has struck highest price mark of $0.29 while lowest mark touched by it was $0.317.

Taking a look at 20-day trading activity of Greenwave Technology Solutions Inc (GWAV) gives us an average price of $0.3825, while its current price level is -99.80% below from 52-week high level whereas it is 7.02% 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 $0.4031 while that of 200 days or SMA-200 reads an average of $17.8044. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.00% during that period while stretching the period over a month that decreases to 7.57%. 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 34.64 which implies that the stock is in neutral territory.

Over the week, GWAV’s stock price is moving -12.91% down while it is -29.61% when we observe its performance for the past one month. Year-to-date it is -99.64% down and over the past year, the stock is showing a downside performance of -99.58%.

The company is expected to be releasing its next quarterly report in December, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, Greenwave Technology Solutions Inc’s total number of outstanding shares is 22.38M with 12.87% of that held by the insiders while 8.77% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -152.40% and return on equity (ROE) at -269.90%. Stock’s beta reads 1.67. Stock has a price to book (P/B) ratio of 0.13 while price to sale or P/S ratio amounts to 0.20. Its return on asset (ROA) is -67.82% on average.