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GWAV: Riding the Market Waves of Growth and Decline in 2023

ELVT Stock

The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Year to date metric has recorded a loss of -76.09%.However, over the last six months, we can see a stronger performance of -78.62%. Over the last 30 days, the price of GWAV has leaped by -81.49%. And in the last five days, it has fallen by -13.95%.

Greenwave Technology Solutions Inc experienced a rather shaky stock market performance. The highest value in the past year was recorded at $1.12 on 08/10/23 and the lowest value was $0.12 on 03/22/24.

52-week price history of GWAV Stock

Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Greenwave Technology Solutions Inc’s current trading price is -87.94% away from its 52-week high, while its distance from the 52-week low is 17.38%. The stock’s price range during this period has varied between$0.12 and $1.12. The Greenwave Technology Solutions Inc’s shares, which operate in the Industrials, saw a trading volume of around 30.21 million for the day, a figure considerably higher than their average daily volume of 1.09 million over last three months.

Market Capitalization vs. Financial Performance: A Comparative Study

Greenwave Technology Solutions Inc (GWAV) has experienced a quarterly decline of -74.02% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.24M and boasts a workforce of 143 employees.

Combining Moving Average and Trading Volume Data for Better Market Insight

Based on Barchart.com data, the company’s moving average over the 100-day period was 0.5909, with a change in price of -0.4523. Similarly, Greenwave Technology Solutions Inc recorded 1,007,630 in trading volume during the last 100 days, posting a change of -77.00%.

GWAV Stock Stochastic Average

Greenwave Technology Solutions Inc’s raw stochastic average for the past 50 days is presently 2.19%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 3.01%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 3.20% and 2.21%, respectively.