Greenwave Technology Solutions Inc (NASDAQ: GWAV) is -99.66% lower on its value in year-to-date trading and has touched a low of $0.29 and a high of $154.50 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 $0.32 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $0.29, the stock is -24.82% and -27.89% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.36 million and changing -7.24% at the moment leaves the stock -98.42% off its SMA200. GWAV registered -99.60% loss for a year compared to 6-month loss of -97.53%. The firm has a 50-day simple moving average (SMA 50) of $0.40756 and a 200-day simple moving average (SMA200) of $19.16975.
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The stock witnessed a -34.74% gain in the last 1 month and extending the period to 3 months gives it a -37.81%, and is -23.64% down 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 9.49% over the week and 7.45% over the month.
Greenwave Technology Solutions Inc (GWAV) has around 131 employees, a market worth around $6.54M and $33.92M in sales. Profit margin for the company is -254.20%. Distance from 52-week low is -0.92% and -99.81% from its 52-week high. The company has generated returns on investments over the last 12 months (-152.40%).
24.0 institutions hold shares in Greenwave Technology Solutions Inc (GWAV), with institutional investors hold 10.06% of the company’s shares. The shares outstanding are 22.38M, and float is at 22.35M with Short Float at 3.04%. Institutions hold 8.77% of the Float.
