Greenwave Technology Solutions Inc (NASDAQ:GWAV) shares, rose in value on Wednesday, April 16, with the stock price up by 4.64% to the previous day’s close as strong demand from buyers drove the stock to $0.22.
Actively observing the price movement in the last trading, the stock closed the session at $0.21, falling within a range of $0.2101 and $0.239. The value of beta (5-year monthly) was 0.885. Referring to stock’s 52-week performance, its high was $44.47, and the low was $0.16. On the whole, GWAV has fluctuated by -27.19% over the past month.
With the market capitalization of Greenwave Technology Solutions Inc currently standing at about $13.45 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2016-May-15.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GWAV’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of GWAV currently trading nearly -5.47% and -20.09% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.20, while the 7-day volatility ratio is showing 11.85% which for the 30-day chart, stands at 11.92%. Furthermore, Greenwave Technology Solutions Inc (GWAV)’s beta value is 0.99, and its average true range (ATR) is 0.03.
A comparison of Greenwave Technology Solutions Inc (GWAV) with its peers suggests the former has fared considerably weaker in the market. GWAV showed an intraday change of 4.64% in last session, and over the past year, it shrunk by -98.75%%.
Data on historical trading for Greenwave Technology Solutions Inc (NASDAQ:GWAV) indicates that the trading volumes over the past 10 days have averaged 2.18 and over the past 3 months, they’ve averaged 3.54 million. According to company’s latest data on outstanding shares, there are 60.79 million shares outstanding.
Nearly 9.33% of Greenwave Technology Solutions Inc’s shares belong to company insiders and institutional investors own 0.79% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.22 million shares as on 2025-03-31, resulting in a short ratio of 1.0. According to the data, the short interest in Greenwave Technology Solutions Inc (GWAV) stood at 585.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 3.7 million. The stock has fallen by -68.53% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GWAV stock heading into the next quarter.
