Alphawave IP Group (LON:AWE) Trading 13.1% Higher – Time to Buy?

Alphawave IP Group plc (LON:AWE)’s stock price traded up 13.1% during mid-day trading on Tuesday . The company traded as high as GBX 109.20 ($1.42) and last traded at GBX 109 ($1.42). 303,951 shares traded hands during trading, a decline of 82% from the average session volume of 1,701,942 shares. The stock had previously closed at GBX 96.40 ($1.25).

Alphawave IP Group Trading Down 0.4 %

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 firm’s 50-day simple moving average is GBX 122.85 and its 200 day simple moving average is GBX 133.21. The stock has a market capitalization of £838.35 million, a P/E ratio of -1,266.67, a PEG ratio of 0.44 and a beta of 0.89.

Alphawave IP Group Company Profile

Alphawave IP Group plc develops and sells connectivity solutions in North America, China, the Asia Pacific, Europe, the Middle East, Africa, and the United Kingdom. The company offers silicon IP solutions, chiplets, custom silicon, and connectivity products. It serves the data center, artificial intelligence, 5G wireless infrastructure, data networking, autonomous vehicles, data storage, and solid-state storage markets.