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Can Greenwave Technology Solutions Inc Bounce Back? 52-Week Performance and Analyst Predictions

Greenwave Technology Solutions Inc’s stock market performance has been somewhat irregular. The 1-year high for the company’s stock was recorded at $154.50 on 02/05/24, with the lowest value being $0.38 on 09/09/24.

52-week price history of GWAV Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Greenwave Technology Solutions Inc’s current trading price is -99.75% away from its 52-week high, while its distance from the 52-week low is 4.31%. The stock’s price range during this period has fluctuated between $0.38 and $154.50. Shares of the company, which operates in the Industrials sector, recorded a trading volume of around 0.93 million for the day, which was evidently lower than the average daily volume of 1.37 million over the last three months.

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Financial Performance and Market Capitalization

Greenwave Technology Solutions Inc (GWAV) has experienced a quarterly decline of -76.22% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 7.93M and boasts a workforce of 131 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 2.8633, with a change in price of -8.3227. Similarly, Greenwave Technology Solutions Inc recorded 2,068,703 in trading volume during the last 100 days, posting a change of -95.50%.

GWAV Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for GWAV stands at 0.16. Similarly, the long-term debt-to-equity ratio is also 0.10.

GWAV Stock Stochastic Average

Greenwave Technology Solutions Inc’s raw stochastic average for the past 50 days is currently at 1.35%. This represents a fall from the raw stochastic average of the last 20 days, which was recorded at 13.29%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 28.27% and 28.29%, respectively.

GWAV Stock Price Performance Analysis

Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. The index has shown a price loss of -99.54% this year. Over the last six months, there has been a stronger performance of -98.09%. The price of GWAV leaped by -15.85% during the last 30 days period. For the last 5-days stocks have slided -3.87%.

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