Greenwave Technology Solutions (NASDAQ:GWAV) Trading Down 3.9% – What’s Next?

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV)’s stock price fell 3.9% during trading on Wednesday . The company traded as low as $0.68 and last traded at $0.70. 3,080,041 shares were traded during mid-day trading, a decline of 21% from the average session volume of 3,923,432 shares. The stock had previously closed at $0.73.

Greenwave Technology Solutions Stock Up 0.6 %

The company has a current ratio of 1.52, a quick ratio of 1.36 and a debt-to-equity ratio of 0.09. The stock’s fifty day moving average is $0.52 and its 200 day moving average is $0.74. The company has a market capitalization of $16.12 million, a P/E ratio of -0.01 and a beta of 1.66.

Insiders Place Their Bets

In other Greenwave Technology Solutions news, Director Jason T. Adelman purchased 100,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was acquired at an average price of $0.66 per share, for a total transaction of $66,000.00. Following the purchase, the director now owns 400,000 shares of the company’s stock, valued at approximately $264,000. This represents a 33.33 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Danny Meeks acquired 377,002 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were bought at an average cost of $0.66 per share, with a total value of $248,821.32. Following the completion of the acquisition, the chief executive officer now owns 2,122,695 shares in the company, valued at approximately $1,400,978.70. This represents a 21.60 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 7.93% of the company’s stock.

About Greenwave Technology Solutions

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.