Greenwave Technology Solutions Inc (NASDAQ: GWAV) Could Soon Experience A Sharp Increase In Its Share Price.

In today’s recent session, 4.92 million shares of the Greenwave Technology Solutions Inc (NASDAQ:GWAV) have been traded, and its beta is 1.59. Most recently the company’s share price was $0.74, and it changed around -$0.08 or -10.12% from the last close, which brings the market valuation of the company to $15.51M. GWAV at last check was trading at a discount to its 52-week high of $154.50, offering almost -20778.38% off that amount. The share price’s 52-week low was $0.28, which indicates that the recent value has risen by an impressive 62.16% since then. We note from Greenwave Technology Solutions Inc’s average daily trading volume that its 10-day average is 66.81 million shares, with the 3-month average coming to 11.49 million.

Greenwave Technology Solutions Inc (NASDAQ:GWAV) trade information

Instantly GWAV has been showing red trend so far today with a performance of -10.12% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.0900 on recent trading dayincreased the stock’s daily price by 32.11%. The company’s shares are currently down -99.13% year-to-date, but still up 102.23% over the last five days. On the other hand, Greenwave Technology Solutions Inc (NASDAQ:GWAV) is 85.93% up in the 30-day period. We can see from the shorts that 0.68 million shares have been sold at a short interest cover period of 0.43 day(s).

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

Upon looking at major shareholders, it appears that insiders hold 12.87% of Greenwave Technology Solutions Inc shares, and 8.77% of them are in the hands of institutional investors. The stock currently has a share float of 10.06%.