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 14.94M but it saw 2383340 shares traded in last market. With a market cap of 15.51M USD, the company’s current market price of $0.25 came falling about -4.64 while comparing to the previous closing price of $0.27. In past 52 weeks, the stock remained buoying in the range of price level as high as $117.00 and as low as $0.25.

Taking a look at 20-day trading activity of Greenwave Technology Solutions Inc (GWAV) gives us an average price of $0.3406, while its current price level is -99.78% below from 52-week high level whereas it is 0.99% 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 $0.4767 while that of 200 days or SMA-200 reads an average of $1.6118. A closer look into the stock’s movement over the week reveals that its volatility is standing at 11.15% during that period while stretching the period over a month that increases to 14.25%. 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 32.10 which implies that the stock is in neutral territory.

Over the week, GWAV’s stock price is moving -14.72% down while it is -34.62% when we observe its performance for the past one month. Year-to-date it is -63.72% down and over the past year, the stock is showing a downside performance of -99.77%.

The company is expected to be releasing its next quarterly report in March, 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 60.79M with 13.09% of that held by the insiders while 0.54% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -152.40%. Stock’s beta reads 1.30. Stock has a price to book (P/B) ratio of 0.11 while price to sale or P/S ratio amounts to 0.46.