GWAV Stock Summary and Trading Ideas (Greenwave Tech Solns | NASDAQ:GWAV)

Greenwave Technology Solutions Inc through its subsidiary, is an operator of several metal recycling facilities in Virginia and North Carolina. At these facilities, the company is involved in collecting, classifying, and processing raw scrap metal (ferrous and nonferrous) for recycling. The company's products are selling ferrous metal, which is used in the recycling and production of finished steel. It is categorized into heavy melting steel, plate and structural, and shredded scrap. and it also processes nonferrous metals such as aluminum, copper, stainless steel, nickel, brass, titanium, alloys, and mixed metal products.

Greenwave Tech Solns trades on the NASDAQ stock market under the symbol GWAV.

As of February 28, 2025, GWAV stock price climbed to $0.26 with 2,540,642 million shares trading.

GWAV has a market cap of $10.32 million. This is considered a Sub-Micro Cap stock.

The top ETF exchange traded funds that GWAV belongs to (by Net Assets): VXF.

GWAV has underperformed the market in the last year with a price return of -99.8% while the SPY ETF gained +18.8%. GWAV has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -18.2% and -22.2%, respectively, while the SPY returned -0.4% and -2.5%, respectively.

GWAV support price is $.23 and resistance is $.28 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GWAV shares will trade within this expected range on the day.