Greenwave Technology Solutions Inc (GWAV)’s Stock Price Falls Due To Weak Fundamental Momentum

Greenwave Technology Solutions Inc (NASDAQ:GWAV) has a beta value of 1.55 and has seen 2.13 million shares traded in the last trading session. The company, currently valued at $16.09M, closed the last trade at $0.70 per share which meant it gained $0.02 on the day or 2.58% during that session. The GWAV stock price is -21971.43% off its 52-week high price of $154.50 and 60.0% above the 52-week low of $0.28. If we look at the company’s 10-day average daily trading volume, we find that it stood at 65.79 million shares traded. The 3-month trading volume is 11.72 million shares.

Greenwave Technology Solutions Inc (NASDAQ:GWAV) trade information

Sporting 2.58% in the green 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 $0.70 or saw a rise of 16.47%. Year-to-date, Greenwave Technology Solutions Inc shares have moved -99.17%, while the 5-day performance has seen it change -14.65%. Over the past 30 days, the shares of Greenwave Technology Solutions Inc (NASDAQ:GWAV) have changed 83.12%. Short interest in the company has seen 0.68 million shares shorted with days to cover at 0.43.

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Greenwave Technology Solutions Inc (GWAV) estimates and forecasts

The company’s shares have lost -62.71% 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 January 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 8.77% with a share float percentage of 10.06%. Investors are also buoyed by the number of investors in a company, with Greenwave Technology Solutions Inc having a total of 24.0 institutions that hold shares in the company.

Also the top two Mutual Funds that are holding company’s shares are Fidelity Extended Market Index Fund and Fidelity Total Market Index Fund . As of Oct 31, 2024 , the former fund manager holds about 0.25% shares in the company for having 55.45 shares of worth $38873.0 while later fund manager owns 18.04 shares of worth $12646.0 as of Oct 31, 2024 , which makes it owner of about 0.08% of company’s outstanding stock.