Greenwave Technology Solutions (GWAV) Stock Price, News & Analysis

Company Overview

Greenwave Technology Solutions, Inc., through its subsidiary, operates metal recycling facilities in Virginia, Ohio, and North Carolina. The company collects, classifies, and processes appliances, construction materials, end-of-life vehicles, boats, and industrial machinery. It is also involved in the purchasing and sale of processed and unprocessed scrap metals; and operation of automotive shredders. In addition, the company process nonferrous metals, such as aluminum, copper, stainless steel, nickel, brass, titanium, lead, alloys, and mixed metal products; and sells catalytic converters recovered from end-of-life vehicles to processors that extracts nonferrous precious metals comprising platinum, palladium, and rhodium. It serves large corporations, industrial manufacturers, retail customers, and government organizations. The company was formerly known as MassRoots, Inc and changed its name to Greenwave Technology Solutions, Inc. in October 2021. Greenwave Technology Solutions, Inc. was founded in 2002 and is headquartered in Chesapeake, Virginia.

Key Stats

• Today's Range: $0.57 to $0.66
• 50-Day Range: $0.29 to $0.87
• 52-Week Range: $0.29 to $154.50
• Volume: 2.47 million shs
• Average Volume: 3.96 million shs
• Market Capitalization: $13.25 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Greenwave Technology Solutions Stock Analysis - MarketRank™

Greenwave Technology Solutions scored higher than 8% of companies evaluated by MarketBeat, and ranked 168th out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Greenwave Technology Solutions.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Greenwave Technology Solutions is -0.01, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Greenwave Technology Solutions is -0.01, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

17.71% of the float of Greenwave Technology Solutions has been sold short.

Short Interest Ratio / Days to Cover

Greenwave Technology Solutions has a short interest ratio ("days to cover") of 0.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Greenwave Technology Solutions has recently increased by 237.00%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Greenwave Technology Solutions does not currently pay a dividend.

Dividend Growth

Greenwave Technology Solutions does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

17.71% of the float of Greenwave Technology Solutions has been sold short.

Short Interest Ratio / Days to Cover

Greenwave Technology Solutions has a short interest ratio ("days to cover") of 0.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Greenwave Technology Solutions has recently increased by 237.00%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 0.50

News Sentiment

Greenwave Technology Solutions has a news sentiment score of 0.50. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.71 average news sentiment score of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Greenwave Technology Solutions this week, compared to 1 article on an average week.

Search Interest

14 people have searched for GWAV on MarketBeat in the last 30 days.

MarketBeat Follows

5 people have added Greenwave Technology Solutions to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Greenwave Technology Solutions insiders have bought more of their company's stock than they have sold. Specifically, they have bought $314,821.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 7.93% of the stock of Greenwave Technology Solutions is held by insiders.

Percentage Held by Institutions

Only 15.64% of the stock of Greenwave Technology Solutions is held by institutions.

GWAV Stock Analysis - Frequently Asked Questions

How have GWAV shares performed this year?

Greenwave Technology Solutions' stock was trading at $84.75 at the beginning of the year. Since then, GWAV shares have decreased by 99.3% and is now trading at $0.5922.
View the best growth stocks for 2024 here.

When did Greenwave Technology Solutions' stock split?

Shares of Greenwave Technology Solutions reverse split before market open on Monday, June 3rd 2024. The 1-150 reverse split was announced on Monday, June 3rd 2024. The number of shares owned by shareholders was adjusted after the closing bell on Monday, June 3rd 2024. An investor that had 100 shares of stock prior to the reverse split would have 1 shares after the split.

Who are Greenwave Technology Solutions' major shareholders?

Top institutional investors of Greenwave Technology Solutions include Anson Funds Management LP (2.50%). Insiders that own company stock include Danny Meeks, Jason T Adelman and John Bryan Plumlee.
View institutional ownership trends.

How do I buy shares of Greenwave Technology Solutions?

Shares of GWAV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Greenwave Technology Solutions own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Greenwave Technology Solutions investors own include Block (SQ), Digital Turbine (APPS), NVIDIA (NVDA), CrowdStrike (CRWD), SoFi Technologies (SOFI) and Canoo (GOEV).

Company Calendar

• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Industrial Products
• Industry: Metals service centers & offices
• Sub-Industry: Wholesale
• Current Symbol: NASDAQ:GWAV
• CUSIP: N/A
• CIK: 1589149
• Web: www.greenwavetechnologysolutions.com
• Phone: (757) 966-1432
• Fax: N/A
• Employees: 90
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): ($81.8240)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-26,940,000.00
• Net Margins: -28.57%
• Pretax Margin: -28.57%
• Return on Equity: -101.07%
• Return on Assets: -46.49%

Debt

• Debt-to-Equity Ratio: 0.09
• Current Ratio: 1.52
• Quick Ratio: 1.36

Sales & Book Value

• Annual Sales: $35.67 million
• Price / Sales: 0.37
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: ($39.19) per share
• Price / Book: -0.02

Miscellaneous

• Outstanding Shares: 22,380,000
• Free Float: 20,604,000
• Market Cap: $13.25 million
• Optionable: Not Optionable
• Beta: 1.66