Greenwave Technology Solutions (NASDAQ:GWAV) Trading Up 5.1% – Still a Buy?

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) rose 5.1% during mid-day trading on Wednesday . The stock traded as high as $0.43 and last traded at $0.43. Approximately 942,791 shares traded hands during mid-day trading, a decline of 14% from the average daily volume of 1,096,111 shares. The stock had previously closed at $0.41.

Greenwave Technology Solutions Stock Down 22.6 %

The company has a debt-to-equity ratio of 0.09, a current ratio of 2.10 and a quick ratio of 2.01. The business’s 50 day moving average price is $0.44 and its 200 day moving average price is $5.15. The firm has a market cap of $1.84 million, a PE ratio of 0.00 and a beta of 1.71.

Greenwave Technology Solutions (NASDAQ:GWAV) last announced its earnings results on Friday, August 16th. The company reported ($11.84) EPS for the quarter. Greenwave Technology Solutions had a negative net margin of 63.65% and a negative return on equity of 274.83%. The firm had revenue of $7.88 million for the quarter.

About Greenwave Technology Solutions

Greenwave Technology Solutions, Inc, through its subsidiary, operates metal recycling facilities in Virginia, Ohio, and North Carolina. The company collects, classifies, and processes appliances, construction materials, end-of-life vehicles, boats, and industrial machinery. It is also involved in the purchasing and sale of processed and unprocessed scrap metals; and operation of automotive shredders.