Alphawave IP Group (LON:AWE) Shares Up 14.6% – Should You Buy?

Alphawave IP Group plc (LON:AWE) rose 14.6% on Tuesday . The stock traded as high as GBX 144.20 ($1.78) and last traded at GBX 142.80 ($1.76). Approximately 52,751,980 shares changed hands during trading, an increase of 488% from the average daily volume of 8,968,609 shares. The stock had previously closed at GBX 124.60 ($1.54).

Alphawave IP Group Stock Performance

The business has a 50-day simple moving average of GBX 114.59 and a 200 day simple moving average of GBX 123.54. The firm has a market cap of £1.12 billion, a PE ratio of -1,684.44, a PEG ratio of 0.44 and a beta of 0.89. The company has a debt-to-equity ratio of 53.89, a current ratio of 0.62 and a quick ratio of 15.51.

Insiders Place Their Bets

In other Alphawave IP Group news, insider John Lofton Holt acquired 415,416 shares of the stock in a transaction dated Monday, December 2nd. The shares were acquired at an average cost of GBX 23 ($0.28) per share, for a total transaction of £95,545.68 ($118,015.91). Company insiders own 43.96% of the company’s stock.

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.