Critical Review: Greenwave Technology Solutions (GWAV) & Its Competitors

Greenwave Technology Solutions (NASDAQ:GWAV) is one of 354 publicly-traded companies in the “Commercial Services & Supplies” industry, but how does it weigh in compared to its peers? We will compare Greenwave Technology Solutions to related companies based on the strength of its valuation, earnings, analyst recommendations, institutional ownership, risk, dividends and profitability.

Volatility & Risk

Greenwave Technology Solutions has a beta of 0.14, suggesting that its stock price is 86% less volatile than the S&P 500. Comparatively, Greenwave Technology Solutions’ peers have a beta of 2.44, suggesting that their average stock price is 144% more volatile than the S&P 500.

Insider & Institutional Ownership

15.6% of Greenwave Technology Solutions shares are owned by institutional investors. Comparatively, 39.5% of shares of all “Commercial Services & Supplies” companies are owned by institutional investors. 4.0% of Greenwave Technology Solutions shares are owned by insiders. Comparatively, 16.7% of shares of all “Commercial Services & Supplies” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Profitability

This table compares Greenwave Technology Solutions and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Greenwave Technology Solutions	-33.19%	-60.95%	-31.64%
Greenwave Technology Solutions Competitors	-60.96%	-122.75%	-1.36%

Analyst Ratings

This is a summary of recent recommendations for Greenwave Technology Solutions and its peers, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Greenwave Technology Solutions	1	0	0	0	1.00
Greenwave Technology Solutions Competitors	1808	6078	8954	650	2.48

As a group, “Commercial Services & Supplies” companies have a potential upside of 10.08%. Given Greenwave Technology Solutions’ peers stronger consensus rating and higher probable upside, analysts plainly believe Greenwave Technology Solutions has less favorable growth aspects than its peers.

Valuation & Earnings

This table compares Greenwave Technology Solutions and its peers top-line revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Greenwave Technology Solutions	$46.66 million	-$21.60 million	-0.15
Greenwave Technology Solutions Competitors	$2.43 billion	$139.27 million	24.25

Greenwave Technology Solutions’ peers have higher revenue and earnings than Greenwave Technology Solutions. Greenwave Technology Solutions is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Summary

Greenwave Technology Solutions peers beat Greenwave Technology Solutions on 11 of the 13 factors compared.

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. In addition, the company process nonferrous metals, such as aluminum, copper, stainless steel, nickel, brass, titanium, lead, alloys, and mixed metal products; and sells catalytic converters recovered from end-of-life vehicles to processors that extracts nonferrous precious metals comprising platinum, palladium, and rhodium. It serves large corporations, industrial manufacturers, retail customers, and government organizations. The company was formerly known as MassRoots, Inc and changed its name to Greenwave Technology Solutions, Inc. in October 2021. Greenwave Technology Solutions, Inc. was founded in 2002 and is headquartered in Chesapeake, Virginia.