Greenwave Technology Solutions (NASDAQ:GWAV) Trading 2.5% Higher – What’s Next?

Shares of Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) rose 2.5% on Thursday . The company traded as high as $7.75 and last traded at $7.26. Approximately 164,624 shares were traded during trading, a decline of 90% from the average daily volume of 1,602,907 shares. The stock had previously closed at $7.08.

Analyst Ratings Changes

GWAV has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Greenwave Technology Solutions in a report on Wednesday, October 8th. Wall Street Zen raised shares of Greenwave Technology Solutions to a “sell” rating in a research note on Saturday, August 30th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Greenwave Technology Solutions currently has an average rating of “Sell”.

Greenwave Technology Solutions Stock Performance

The firm has a market cap of $4.14 million, a price-to-earnings ratio of 0.00 and a beta of 0.42. The business has a fifty day moving average of $7.59 and a two-hundred day moving average of $17.11.

Institutional Investors Weigh In On Greenwave Technology Solutions

An institutional investor recently raised its position in Greenwave Technology Solutions stock. Anson Funds Management LP boosted its holdings in Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) by 11,241.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,843,160 shares of the company’s stock after acquiring an additional 4,800,458 shares during the period. Anson Funds Management LP owned 7.92% of Greenwave Technology Solutions worth $1,142,000 as of its most recent filing with the Securities and Exchange Commission. 15.64% of the stock is owned by institutional investors.

Greenwave Technology Solutions Company Profile

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.