Alphawave IP Group (LON:AWE) Shares Up 14.6% – What’s Next?

Alphawave IP Group plc (LON:AWE)’s share price was up 14.6% during trading on Tuesday . The company traded as high as GBX 144.20 ($1.78) and last traded at GBX 142.80 ($1.76). Approximately 52,751,980 shares changed hands during trading, an increase of 488% from the average daily volume of 8,968,609 shares. The stock had previously closed at GBX 124.60 ($1.54).

Alphawave IP Group Price Performance

The company has a debt-to-equity ratio of 53.89, a current ratio of 0.62 and a quick ratio of 15.51. The stock has a market capitalization of £1.12 billion, a PE ratio of -1,684.44, a price-to-earnings-growth ratio of 0.44 and a beta of 0.89. The stock’s 50 day moving average is GBX 114.59 and its two-hundred day moving average is GBX 123.54.

Insider Transactions at Alphawave IP Group

In other Alphawave IP Group news, insider John Lofton Holt bought 415,416 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was purchased at an average price of GBX 23 ($0.28) per share, for a total transaction of £95,545.68 ($118,015.91). Corporate insiders own 43.96% of the company’s stock.

About Alphawave IP Group

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.