Alphawave IP Group (LON:AWE) Trading Down 11.3%

Shares of Alphawave IP Group plc (LON:AWEGet Rating) traded down 11.3% during trading on Thursday . The stock traded as low as GBX 131.60 ($1.59) and last traded at GBX 132 ($1.59). 348,499 shares were traded during mid-day trading, a decline of 62% from the average session volume of 927,568 shares. The stock had previously closed at GBX 148.80 ($1.80).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. decreased their target price on shares of Alphawave IP Group from GBX 311 ($3.76) to GBX 260 ($3.14) and set an “overweight” rating on the stock in a report on Wednesday, July 13th.

Alphawave IP Group Trading Down 11.3 %

The business’s 50 day moving average price is GBX 137.93 and its two-hundred day moving average price is GBX 149.47. The company has a current ratio of 15.94, a quick ratio of 15.91 and a debt-to-equity ratio of 1.48. The company has a market capitalization of ¬£910.12 million and a price-to-earnings ratio of 13,200.00.

Insider Activity

In other Alphawave IP Group news, insider Sehat Sutardja bought 32,304 shares of the business’s stock in a transaction that occurred on Tuesday, July 5th. The shares were acquired at an average cost of GBX 129 ($1.56) per share, for a total transaction of ¬£41,672.16 ($50,353.02). In the last three months, insiders have purchased 929,643 shares of company stock worth $113,756,896.

Alphawave IP Group Company Profile

(Get Rating)

Alphawave IP Group plc designs, develops, and sells connectivity solutions. The company offers connectivity, integrated products, and chiplet IP products. It serves the data center, artificial intelligence, 5G wireless infrastructure, data networking, autonomous vehicles, and solid-state storage end markets in North America, the Asia Pacific, Europe, and the United Kingdom.

Further Reading

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