Alphawave IP Group (LON:AWE) Trading Up 14.9% – Time to Buy?

Alphawave IP Group plc (LON:AWE) shot up 14.9% during mid-day trading on Tuesday . The stock traded as high as GBX 144.20 ($1.78) and last traded at GBX 143.20 ($1.77). 3,649,579 shares traded hands during trading, a decline of 33% from the average session volume of 5,461,295 shares. The stock had previously closed at GBX 124.60 ($1.54).

Alphawave IP Group Price Performance

The company has a debt-to-equity ratio of 53.89, a current ratio of 0.62 and a quick ratio of 15.51. The firm has a market capitalization of £1.06 billion, a price-to-earnings ratio of -1,591.11, a PEG ratio of 0.44 and a beta of 0.89. The business’s fifty day simple moving average is GBX 113.57 and its 200 day simple moving average is GBX 123.54.

Insider Transactions at Alphawave IP Group

In other Alphawave IP Group news, insider John Lofton Holt acquired 415,416 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were purchased at an average cost of GBX 23 ($0.28) per share, with a total value of £95,545.68 ($117,797.66). Insiders own 43.96% of the company’s stock.

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.