Greenwave Technology Solutions (NASDAQ:GWAV) Stock Rating Upgraded by Wall Street Zen

Greenwave Technology Solutions (NASDAQ:GWAV) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Greenwave Technology Solutions in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Greenwave Technology Solutions Stock Down 1.5%

GWAV stock opened at $4.48 on Friday. The company has a market cap of $3.72 million, a price-to-earnings ratio of 0.00 and a beta of 0.05. The business has a fifty day simple moving average of $5.50 and a 200-day simple moving average of $9.03. Greenwave Technology Solutions has a 52 week low of $4.25 and a 52 week high of $59.63.

Greenwave Technology Solutions (NASDAQ:GWAV) last announced its quarterly earnings results on Thursday, February 5th. The company reported ($8.98) EPS for the quarter. The business had revenue of $11.00 million during the quarter.

Institutional Trading of Greenwave Technology Solutions

An institutional investor recently bought a new position in Greenwave Technology Solutions stock. XTX Topco Ltd bought a new stake in Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 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 and hedge funds.

About Greenwave Technology Solutions

Greenwave Technology Solutions, Inc (NASDAQ: GWAV) is a developer of Internet of Things (IoT) connectivity management solutions. The company’s cloud-native platform enables enterprises and service providers to orchestrate, monitor and secure cellular data connections across a variety of devices and network operators, offering features such as remote provisioning, subscription management and real-time analytics.

Its core offerings include eSIM management, multi-operator roaming orchestration and automated compliance tools designed to simplify the deployment and lifecycle management of large-scale IoT and machine-to-machine (M2M) connectivity projects.