Greenwave Technology Solutions Inc (NASDAQ: GWAV)’s Potential for Significant Price Increase in the Near Future

In the latest trading session, 12.15 million Greenwave Technology Solutions Inc (NASDAQ:GWAV) shares changed hands as the company’s beta touched 1.31. With the company’s most recent per share price at $0.35 changed hands at -$0.04 or -10.91% at last look, the market valuation stands at $11.98M. GWAV’s current price is a discount, trading about -44042.86% off its 52-week high of $154.50. The share price had its 52-week low at $0.28, which suggests the last value was 20.0% up since then. When we look at Greenwave Technology Solutions Inc’s average trading volume, we note the 10-day average is 1.94 million shares, with the 3-month average coming to 12.89 million.

Greenwave Technology Solutions Inc (NASDAQ:GWAV) trade information

Instantly GWAV was in red as seen in intraday trades today. With action -12.61%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -50.40%, with the 5-day performance at -12.61% in the red. However, in the 30-day time frame, Greenwave Technology Solutions Inc (NASDAQ:GWAV) is -50.40% down. Looking at the short shares, we see there were 0.68 million shares sold at short interest cover period of 0.43 days.

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

If we look at who the major shareholders are, we find that insiders hold 12.87% of Greenwave Technology Solutions Inc shares while 8.77% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 10.06%.

WELLS FARGO & COMPANY/MN holds the second largest percentage of outstanding shares.

Among Mutual Funds, the top two as of Nov 30, 2024 were Fidelity Extended Market Index Fund and Fidelity Total Market Index Fund. With 55.09 shares estimated at $19463.0 under it, the former controlled 0.25% of total outstanding shares. On the other hand, Fidelity Total Market Index Fund held about 0.08% of the shares, roughly 18.04 shares worth around $6373.0.