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Greenwave Converts Insider Debt to Equity in Agreement
TipRanks (Thu, 27-Aug 5:18 PM ET)
Greenwave Technology Solutions Inc through its subsidiary, is an operator of several metal recycling facilities in Virginia, Ohio, & North Carolina. At these facilities, the company collects, classifies, & processes appliances, construction materials, end-of-life vehicles, boats, & industrial machinery. The company processes these items by crushing, shearing, shredding, separating, & sorting into smaller pieces & categorizes these recycled ferrous, nonferrous, & mixed metal pieces based on density & metal type before sale. For scrap cars, it removes the catalytic converters, aluminum wheels, & batteries for separate processing & sale before shredding the vehicle. The company is organized into three operating segments: Scrap Metal Recycling, Hauling, & Other (comprised of rental income).
Greenwave Technology Solutions trades on the NASDAQ stock market under the symbol GWAV.
As of August 28, 2026, GWAV stock price climbed to $4.68 with 18,564 million shares trading.
GWAV has a beta of 3.25, meaning it tends to be more sensitive to market movements. GWAV has a correlation of 0.08 to the broad based SPY ETF.
GWAV has a market cap of $3.88 million. This is considered a Sub-Micro Cap stock.
In the last 3 years, GWAV traded as high as $16,994.15 and as low as $2.39.
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 return of -34.4%, while SPY returned +19.7%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in GWAV shares. However, GWAV has outperformed the market in the last 3 month and 2 week periods, returning +28.2% and +16.4%, while SPY returned +2.2% and -0.9%, respectively. This indicates GWAV has been having a stronger performance recently.
GWAV support price is $3.82 and resistance is $4.88 (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.
