Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) Director Sells $25,000.00 in Stock

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) Director Jason T. Adelman sold 100,000 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $0.25, for a total value of $25,000.00. Following the completion of the sale, the director now directly owns 300,000 shares in the company, valued at $75,000. This trade represents a 25.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Greenwave Technology Solutions Stock Performance

NASDAQ:GWAV opened at $0.26 on Monday. The company has a quick ratio of 1.36, a current ratio of 1.52 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $10.32 million, a PE ratio of 0.00 and a beta of 1.32. Greenwave Technology Solutions, Inc. has a twelve month low of $0.24 and a twelve month high of $117.00. The stock’s 50-day simple moving average is $0.46 and its 200 day simple moving average is $0.46.

Hedge Funds Weigh In On Greenwave Technology Solutions

An institutional investor recently raised its position in Greenwave Technology Solutions stock. Geode Capital Management LLC raised its position in Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) by 134.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 177,055 shares of the company’s stock after purchasing an additional 101,579 shares during the quarter. Geode Capital Management LLC owned 0.79% of Greenwave Technology Solutions worth $124,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 15.64% of the company’s stock.

Greenwave Technology Solutions Company Profile

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.