Alphawave IP Group (LON:AWE) Shares Up 24.3% – Time to Buy?

Alphawave IP Group plc (LON:AWE) traded up 24.3% during mid-day trading on Monday . The stock traded as high as GBX 187.90 ($2.54) and last traded at GBX 185.50 ($2.51). 181,029,656 shares changed hands during mid-day trading, an increase of 3,700% from the average session volume of 4,763,463 shares. The stock had previously closed at GBX 149.20 ($2.02).

Alphawave IP Group Trading Up 24.3%

The firm has a market cap of £1.73 billion, a P/E ratio of -21.57, a P/E/G ratio of 0.44 and a beta of 0.89. The company has a debt-to-equity ratio of 53.89, a quick ratio of 15.51 and a current ratio of 0.62. The firm has a fifty day moving average of GBX 130.33 and a 200-day moving average of GBX 123.55.

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.