Greenwave Technology Solutions (NASDAQ:GWAV) Posts Quarterly Earnings Results

Greenwave Technology Solutions (NASDAQ:GWAV) posted its quarterly earnings data on Wednesday. The company reported ($17.85) EPS for the quarter, Zacks reports. The company had revenue of $7.33 million during the quarter.

Greenwave Technology Solutions Stock Up 4.0%

Shares of Greenwave Technology Solutions stock traded up $0.26 on Thursday, hitting $6.68. 6,566 shares of the company traded hands, compared to its average volume of 179,237. The company has a market cap of $3.81 million, a PE ratio of 0.00 and a beta of 0.43. The company has a 50-day moving average price of $7.39 and a 200 day moving average price of $15.72. Greenwave Technology Solutions has a 12-month low of $5.48 and a 12-month high of $119.90.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Wall Street Zen raised Greenwave Technology Solutions to a “sell” rating in a research note on Saturday, August 30th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Greenwave Technology Solutions in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Greenwave Technology Solutions presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Greenwave Technology Solutions

A hedge fund recently bought a new stake in Greenwave Technology Solutions stock. XTX Topco Ltd purchased a new stake in Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) during the second quarter, according to its most recent filing with the SEC. The firm purchased 147,373 shares of the company’s stock, valued at approximately $28,000. XTX Topco Ltd owned 0.24% of Greenwave Technology Solutions at the end of the most recent reporting period. 15.64% of the stock is currently owned by hedge funds and other institutional investors.

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.