Alphawave IP Group (LON:AWE) Trading Down 7.8% – What’s Next?

Shares of Alphawave IP Group plc (LON:AWE) traded down 7.8% during mid-day trading on Monday . The stock traded as low as GBX 135.40 ($1.68) and last traded at GBX 140.20 ($1.74). 7,155,522 shares were traded during trading, an increase of 41% from the average session volume of 5,069,757 shares. The stock had previously closed at GBX 152 ($1.89).

Alphawave IP Group Stock Performance

The firm has a market cap of £1.03 billion, a PE ratio of -1,551.11, a P/E/G ratio of 0.44 and a beta of 0.89. The stock has a 50-day moving average price of GBX 116.17 and a 200 day moving average price of GBX 123.50. The company has a debt-to-equity ratio of 53.89, a current ratio of 0.62 and a quick ratio of 15.51.

Insider Buying and Selling at Alphawave IP Group

In related news, insider John Lofton Holt purchased 415,416 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were bought at an average price of GBX 23 ($0.29) per share, with a total value of £95,545.68 ($118,882.27). 43.96% of the stock is owned by company insiders.

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.