Greenwave Technology Solutions (NASDAQ:GWAV) Trading Down 0.4% – Should You Sell?

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV)’s stock price fell 0.4% during mid-day trading on Thursday . The stock traded as low as $6.63 and last traded at $6.70. 6,374 shares traded hands during trading, a decline of 85% from the average session volume of 42,378 shares. The stock had previously closed at $6.73.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Greenwave Technology Solutions to a “sell” rating in a research note on Saturday, August 30th.

Greenwave Technology Solutions Stock Down 0.4%

The firm has a market capitalization of $3.83 million, a price-to-earnings ratio of 0.00 and a beta of 0.42. The stock’s 50 day moving average price is $12.70 and its two-hundred day moving average price is $19.63.

Hedge Funds Weigh In On Greenwave Technology Solutions

A hedge fund recently bought a new stake in Greenwave Technology Solutions stock. XTX Topco Ltd purchased a new position in Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 147,373 shares of the company’s stock, valued at approximately $28,000. XTX Topco Ltd owned about 0.24% of Greenwave Technology Solutions at the end of the most recent quarter. 15.64% of the stock is currently owned by institutional investors.

About Greenwave Technology Solutions

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.