Greenwave Technology Solutions (NASDAQ:GWAV) Releases Quarterly Earnings Results

Greenwave Technology Solutions (NASDAQ:GWAV) released its quarterly earnings results on Wednesday. The company reported ($17.85) earnings per share for the quarter, Zacks reports. The company had revenue of $7.33 million during the quarter.

Greenwave Technology Solutions Trading Down 10.0%

Shares of NASDAQ:GWAV opened at $5.78 on Friday. The firm has a market cap of $3.29 million, a price-to-earnings ratio of 0.00 and a beta of 0.43. Greenwave Technology Solutions has a 1 year low of $5.48 and a 1 year high of $119.90. The business has a fifty day simple moving average of $7.37 and a 200 day simple moving average of $15.65.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Wall Street Zen upgraded Greenwave Technology Solutions to a “sell” rating in a report on Saturday, August 30th. Weiss Ratings restated a “sell (e+)” rating on shares of Greenwave Technology Solutions in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Greenwave Technology Solutions

A hedge fund recently bought a new stake in Greenwave Technology Solutions stock. XTX Topco Ltd purchased a new stake in Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 147,373 shares of the company’s stock, valued at approximately $28,000. XTX Topco Ltd owned approximately 0.24% of Greenwave Technology Solutions as of its most recent filing with the SEC. 15.64% of the stock is currently owned by institutional investors.

About Greenwave Technology Solutions

Greenwave Technology Solutions, Inc, through its subsidiary, operates metal recycling facilities in Virginia, Ohio, and North Carolina. The company collects, classifies, and processes appliances, construction materials, end-of-life vehicles, boats, and industrial machinery. It is also involved in the purchasing and sale of processed and unprocessed scrap metals; and operation of automotive shredders.