Greenwave Technology Solutions (NASDAQ:GWAV) Trading Down 7.1% – Time to Sell?

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV)’s stock price was down 7.1% during mid-day trading on Monday . The company traded as low as $0.25 and last traded at $0.27. Approximately 2,936,497 shares were traded during trading, a decline of 39% from the average daily volume of 4,816,241 shares. The stock had previously closed at $0.29.

Greenwave Technology Solutions Stock Performance

The company has a market capitalization of $10.01 million, a P/E ratio of 0.00 and a beta of 1.32. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.36 and a current ratio of 1.52. The business’s fifty day simple moving average is $0.33 and its 200-day simple moving average is $0.43.

Institutional Trading of Greenwave Technology Solutions

A hedge fund recently raised its stake in Greenwave Technology Solutions stock. Geode Capital Management LLC raised its stake in shares of Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) by 134.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 177,055 shares of the company’s stock after buying an additional 101,579 shares during the quarter. Geode Capital Management LLC owned about 0.79% of Greenwave Technology Solutions worth $124,000 at the end of the most recent reporting period. 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.