Alphawave IP Group (LON:AWE) Trading Up 14.9% – Still a Buy?

Alphawave IP Group plc (LON:AWE) was 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). Approximately 3,649,579 shares traded hands during mid-day trading, a decline of 33% from the average daily volume of 5,461,295 shares. The stock had previously closed at GBX 124.60 ($1.54).

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 capitalization of £1.12 billion, a PE ratio of -1,684.44, a PEG ratio of 0.44 and a beta of 0.89. The stock’s 50 day moving average price is GBX 114.59 and its two-hundred day moving average price is GBX 123.54.

Insider Buying and Selling at Alphawave IP Group

In related news, insider John Lofton Holt acquired 415,416 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was bought at an average price of GBX 23 ($0.28) per share, with a total value of £95,545.68 ($118,015.91). 43.96% of the stock is currently owned by insiders.

About Alphawave IP Group

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.