Greenwave Technology Solutions (NASDAQ:GWAV) Issues Earnings Results

Greenwave Technology Solutions (NASDAQ:GWAV) posted its quarterly earnings results on Tuesday. The company reported ($3.91) earnings per share (EPS) for the quarter, Zacks reports. Greenwave Technology Solutions had a negative net margin of 33.19% and a negative return on equity of 60.95%.

Greenwave Technology Solutions Stock Up 4.9%

Greenwave Technology Solutions stock traded up $0.18 during trading on Tuesday, reaching $3.86. 4,937 shares of the company’s stock were exchanged, compared to its average volume of 100,744. The firm has a market cap of $3.20 million, a price-to-earnings ratio of -0.14 and a beta of 0.14. Greenwave Technology Solutions has a 52-week low of $2.39 and a 52-week high of $24.00. The company’s 50-day moving average is $3.33 and its two-hundred day moving average is $3.63. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.13 and a current ratio of 0.24.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Greenwave Technology Solutions in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Greenwave Technology Solutions has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Greenwave Technology Solutions stock. XTX Topco Ltd bought a new stake in Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 quarter. 15.64% of the stock is currently owned by hedge funds and other institutional investors.

Greenwave Technology Solutions Company Profile

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.