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Greenwave Technology Solutions Inc (GWAV Stock: A Sea of Opportunity

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Greenwave Technology Solutions Inc’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $154.50 on 02/05/24, and the lowest price during the same period was recorded at $0.28 on 11/20/24.

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 -99.81% away from its 52-week high, while its distance from the 52-week low is 4.46%. The stock’s price range during this period has fluctuated between $0.28 and $154.50. Shares of the company, which operates in the Industrials sector, recorded a trading volume of around 0.96 million for the day, which was evidently lower than the average daily volume of 1.25 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 -36.13% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 6.66M 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 0.6219, with a change in price of -1.2523. Similarly, Greenwave Technology Solutions Inc recorded 1,403,507 in trading volume during the last 100 days, posting a change of -80.79%.

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 0.17. 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 3.61%. This represents a fall from the raw stochastic average of the last 20 days, which was recorded at 8.24%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 14.70% and 13.42%, respectively.

GWAV Stock Price Performance Analysis

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. This year’s metric has recorded a Price decrease of -99.65%. However, over the past six months, we’ve seen a stronger performance of -95.98%. The price of GWAV leaped by -34.99% over the last 30 days. And in the last five days, it has fallen by -5.52%.

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