Alphawave IP Group (LON:AWE) Shares Down 13.8% – What’s Next?

Alphawave IP Group plc (LON:AWE) dropped 13.8% on Friday . The company traded as low as GBX 187.90 and last traded at GBX 188.50. Approximately 4,099,411 shares were traded during mid-day trading, an increase of 43% from the average daily volume of 2,862,369 shares. The stock had previously closed at GBX 218.80.

Alphawave IP Group Price Performance

The firm has a 50-day moving average of GBX 191.97 and a 200-day moving average of GBX 180.93. The stock has a market cap of £1.49 billion, a PE ratio of -8.20, 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.

Insider Buying and Selling at Alphawave IP Group

In related news, insider Rahul Mathur bought 1,806 shares of the business’s stock in a transaction that occurred on Wednesday, October 8th. The stock was bought at an average cost of GBX 147 per share, with a total value of £2,654.82. Corporate insiders own 42.12% 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.