Greenwave Technology Solutions (NASDAQ:GWAV) Trading Up 2% – Still a Buy?

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV)’s share price was up 2% on Thursday . The company traded as high as $0.20 and last traded at $0.20. Approximately 1,903,660 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 5,098,124 shares. The stock had previously closed at $0.20.

Greenwave Technology Solutions Trading Up 2.0%

The firm has a market cap of $12.23 million, a P/E ratio of 0.00 and a beta of 0.42. The business’s 50-day moving average is $0.20 and its two-hundred day moving average is $0.35. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.36 and a quick ratio of 0.23.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Greenwave Technology Solutions stock. Geode Capital Management LLC grew its position in Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) by 134.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 177,055 shares of the company’s stock after acquiring an additional 101,579 shares during the period. Geode Capital Management LLC owned about 0.79% of Greenwave Technology Solutions worth $124,000 at the end of the most recent quarter. 15.64% of the stock is owned by institutional investors.

Greenwave Technology Solutions Company Profile

Greenwave Technology Solutions, Inc, through its subsidiary, operates metal recycling facilities in Virginia, Ohio, and North Carolina. The company collects, classifies, and processes appliances, construction materials, end-of-life vehicles, boats, and industrial machinery. It is also involved in the purchasing and sale of processed and unprocessed scrap metals; and operation of automotive shredders.