Alphawave IP Group (LON:AWE) Trading 43.2% Higher – Should You Buy?

Alphawave IP Group plc (LON:AWE)’s stock price traded up 43.2% on Tuesday . The stock traded as high as GBX 143 ($1.87) and last traded at GBX 133.89 ($1.75). 25,336,668 shares changed hands during trading, an increase of 568% from the average session volume of 3,791,993 shares. The stock had previously closed at GBX 93.50 ($1.23).

Alphawave IP Group Price Performance

The company has a quick ratio of 15.51, a current ratio of 0.62 and a debt-to-equity ratio of 53.89. The company has a market capitalization of £1.28 billion, a PE ratio of -15.91, a price-to-earnings-growth ratio of 0.44 and a beta of 0.89. The firm’s 50 day simple moving average is GBX 126.02 and its 200 day simple moving average is GBX 117.62.

Alphawave IP Group Company Profile

Faced with the exponential growth of data, Alphawave IP’s technology services a critical need: enabling data to travel faster, more reliably and with higher performance at lower power. Alphawave IP is a global leader in high-speed connectivity for the world’s technology infrastructure. Our IP solutions therefore meet the needs of global tier-one customers in data centers, compute, networking, AI, 5G, autonomous vehicles, and storage.