Greenwave Technology Solutions Inc (NASDAQ:GWAV) shares, rose in value, with the stock price up by 1.76% to the previous day’s close as strong demand from buyers drove the stock to $0.07.
Actively observing the price movement in the last trading, the stock closed the session at $0.07. Referring to stock’s 52-week performance, its high was $1.12, and the low was $0.06. On the whole, GWAV has fluctuated by -48.78% over the past month.
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 PEG ratio is about 0, with the price of GWAV currently trading nearly -44.66% and -81.24% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 23.71, while the 7-day volatility ratio is showing 12.02% which for the 30-day chart, stands at 12.27%. Furthermore, Greenwave Technology Solutions Inc (GWAV)’s beta value is 1.68, 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 1.76% in last session, and over the past year, it shrunk by -92.14%%.
Data on historical trading for Greenwave Technology Solutions Inc (NASDAQ:GWAV) indicates that the trading volumes over the past 3 months, they’ve averaged 3.52 million. According to company’s latest data on outstanding shares, there are 44.07 million shares outstanding.
Nearly 42.90% of Greenwave Technology Solutions Inc’s shares belong to company insiders and institutional investors own 5.87% of the company’s shares. The stock has fallen by -87.75% 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.
