Why Should We Buy Greenwave Technology Solutions Inc (GWAV) Stock?

Greenwave Technology Solutions Inc (NASDAQ:GWAV) has a beta value of 1.70 and has seen 1.05 million shares traded in the last trading session. The company, currently valued at $7.50M, closed the last trade at $0.39 per share which meant it lost -$0.02 on the day or -5.45% during that session. The GWAV stock price is -39515.38% off its 52-week high price of $154.50 and 5.13% above the 52-week low of $0.37. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.13 million shares traded. The 3-month trading volume is 1.71 million shares.

Greenwave Technology Solutions Inc (NASDAQ:GWAV) trade information

Sporting -5.45% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the GWAV stock price touched $0.39 or saw a rise of 15.57%. Year-to-date, Greenwave Technology Solutions Inc shares have moved -99.54%, while the 5-day performance has seen it change -12.23%. Over the past 30 days, the shares of Greenwave Technology Solutions Inc (NASDAQ:GWAV) have changed 0.44%. Short interest in the company has seen 94629.0 shares shorted with days to cover at 0.12.

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Greenwave Technology Solutions Inc (GWAV) estimates and forecasts

The company’s shares have lost -95.95% over the past 6 months.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 39.15% over the past 5 years.

GWAV Dividends

Greenwave Technology Solutions Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Greenwave Technology Solutions Inc (NASDAQ:GWAV)’s Major holders

Insiders own 12.87% of the company shares, while shares held by institutions stand at 11.54% with a share float percentage of 13.25%. Investors are also buoyed by the number of investors in a company, with Greenwave Technology Solutions Inc having a total of 21.0 institutions that hold shares in the company.