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Greenwave Technology Solutions Inc (GWAV) Stock Could Soon Reward Patient Investors

Greenwave Technology Solutions Inc (NASDAQ: GWAV) is -73.98% lower on its value in year-to-date trading and has touched a low of $0.12 and a high of $1.12 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GWAV stock was last observed hovering at around $0.12 in the last trading session, with the day’s gains setting it 0.03%.

Currently trading at $0.15, the stock is -58.25% and -76.59% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 21.93 million and changing 21.49% at the moment leaves the stock -78.43% off its SMA200. GWAV registered -85.45% loss for a year compared to 6-month loss of -80.00%. The firm has a 50-day simple moving average (SMA 50) of $1.16 and a 200-day simple moving average (SMA200) of -$2.60.

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The stock witnessed a -79.29% gain in the last 1 month and extending the period to 3 months gives it a -71.23%, and is 20.39% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 25.76% over the week and 22.36% over the month.

Profit margin for the company is -112.10%. Distance from 52-week low is 27.72% and -86.88% from its 52-week high. The company has generated returns on investments over the last 12 months (-124.99%).

Greenwave Technology Solutions Inc quarterly earnings per share for the current quarter are estimated at $0.

Greenwave Technology Solutions Inc (GWAV) Top Institutional Holders

28 institutions hold shares in Greenwave Technology Solutions Inc (GWAV), with institutional investors hold 38.66% of the company’s shares. The shares outstanding are 16.56M, and float is at 9.45M with Short Float at 0.82%. Institutions hold 19.37% of the Float.

The top institutional shareholder in the company is Arena Investors LP with over 0.97 million shares valued at $0.74 million. The investor’s holdings represent 29.12% of the GWAV Shares outstanding. As of Jun 29, 2023, the second largest holder is Truist Financial Corp with 60000.0 shares valued at $45660.0 to account for 1.80% of the shares outstanding. The other top investors are Geode Capital Management, LLC which holds 55679.0 shares representing 1.67% and valued at over $42371.0, while Manhattan West Asset Management, LLC holds 0.58% of the shares totaling 19454.0 with a market value of $14804.0.

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