Greenwave Technology Solutions Inc (NASDAQ: GWAV) Increases 117.79% Over A Month, But Analysts Still See Upside Potential

Greenwave Technology Solutions Inc (NASDAQ:GWAV) currently has a daily average trading volume of 11.77M but it saw 12945199 shares traded in last market. With a market cap of 15.64M USD, the company’s current market price of $0.70 came rising about 9.29 while comparing to the previous closing price of $0.64. 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 $0.69 while lowest mark touched by it was $0.8257.

Taking a look at 20-day trading activity of Greenwave Technology Solutions Inc (GWAV) gives us an average price of $0.5605, while its current price level is -99.55% below from 52-week high level whereas it is 145.23% 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 $0.4690 while that of 200 days or SMA-200 reads an average of $7.4409. A closer look into the stock’s movement over the week reveals that its volatility is standing at 12.85% during that period while stretching the period over a month that increases to 22.09%. 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 61.56 which implies that the stock is in neutral territory.

Over the week, GWAV’s stock price is moving -0.16% down while it is 117.79% when we observe its performance for the past one month. Year-to-date it is -99.18% down and over the past year, the stock is showing a downside performance of -98.92%.

Currently, Greenwave Technology Solutions Inc’s total number of outstanding shares is 22.38M. Company’s return on investment (ROI) stands at -152.40% and return on equity (ROE) at -269.90%. Stock’s beta reads 1.56. Stock has a price to book (P/B) ratio of 0.31 while price to sale or P/S ratio amounts to 0.46. Its return on asset (ROA) is -67.82% on average.