Alphawave IP Group (LON:AWE) Stock Price Up 25.5% – What’s Next?

Alphawave IP Group plc (LON:AWE) shares rose 25.5% on Monday . The stock traded as high as GBX 187.90 ($2.54) and last traded at GBX 187.20 ($2.53). Approximately 179,272,875 shares traded hands during trading, an increase of 3,676% from the average daily volume of 4,747,345 shares. The stock had previously closed at GBX 149.20 ($2.02).

Alphawave IP Group Stock Performance

The company has a current ratio of 0.62, a quick ratio of 15.51 and a debt-to-equity ratio of 53.89. The firm has a market cap of £1.72 billion, a P/E ratio of -21.48, a price-to-earnings-growth ratio of 0.44 and a beta of 0.89. The business’s fifty day simple moving average is GBX 130.33 and its 200-day simple moving average is GBX 123.55.

Alphawave IP Group Company Profile

Faced with the exponential growth of data, Alphawave IP’s technology services a critical need: enabling data to travel faster, more reliably and with higher performance at lower power. Alphawave IP is a global leader in high-speed connectivity for the world’s technology infrastructure. Our IP solutions therefore meet the needs of global tier-one customers in data centers, compute, networking, AI, 5G, autonomous vehicles, and storage.