Greenwave Technology Solutions, Inc. (NASDAQ:GWAV - Get Free Report) CEO Danny Meeks purchased 2,152,853 shares of the business's stock in a transaction on Thursday, August 27th. The stock was purchased at an average price of $3.72 per share, for a total transaction of $8,008,613.16. Following the acquisition, the chief executive officer owned 2,188,354 shares of the company's stock, valued at approximately $8,140,676.88. This represents a 6,064.20% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Greenwave Technology Solutions Stock Performance
NASDAQ GWAV opened at $4.38 on Thursday. The company has a market cap of $3.64 million, a P/E ratio of -0.20 and a beta of 0.22. The company has a fifty day simple moving average of $3.75 and a 200 day simple moving average of $3.66. Greenwave Technology Solutions, Inc. has a 12-month low of $2.39 and a 12-month high of $24.00. The company has a current ratio of 0.23, a quick ratio of 0.12 and a debt-to-equity ratio of 0.07.
Greenwave Technology Solutions (NASDAQ:GWAV - Get Free Report) last posted its earnings results on Tuesday, August 18th. The company reported ($3.91) EPS for the quarter. The business had revenue of $16.00 million for the quarter. Greenwave Technology Solutions had a negative return on equity of 64.32% and a negative net margin of 27.67%.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated a "sell (e+)" rating on shares of Greenwave Technology Solutions in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Greenwave Technology Solutions currently has an average rating of "Sell".
View Our Latest Research Report on Greenwave Technology Solutions
Institutional Trading of Greenwave Technology Solutions
A hedge fund recently bought a new stake in Greenwave Technology Solutions stock. XTX Topco Ltd bought a new stake in shares of Greenwave Technology Solutions, Inc. (NASDAQ:GWAV - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 147,373 shares of the company's stock, valued at approximately $28,000. XTX Topco Ltd owned 0.24% of Greenwave Technology Solutions at the end of the most recent reporting period. Hedge funds and other institutional investors own 15.64% of the company's stock.
About Greenwave Technology Solutions
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Get Free Report)
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.
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