Alphawave IP Group (LON:AWE) Shares Down 15.4% – Time to Sell?

Posted by Adam Masters on Dec 11th, 2024

Shares of Alphawave IP Group plc (LON:AWE – Get Free Report) traded down 15.4% on Wednesday . The company traded as low as GBX 115.80 ($1.48) and last traded at GBX 116.77 ($1.49). 83,731,055 shares changed hands during trading, an increase of 4,126% from the average session volume of 1,981,453 shares. The stock had previously closed at GBX 138 ($1.76).

Alphawave IP Group Trading Down 17.2 %

The company has a market cap of £845.83 million, a P/E ratio of -1,533.33, a P/E/G ratio of 0.44 and a beta of 0.89. The company has a quick ratio of 15.51, a current ratio of 0.62 and a debt-to-equity ratio of 53.89. The business has a 50-day moving average price of GBX 116.16 and a two-hundred day moving average price of GBX 131.60.

Insider Transactions at Alphawave IP Group

In related news, insider John Lofton Holt acquired 415,416 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was acquired at an average price of GBX 23 ($0.29) per share, for a total transaction of £95,545.68 ($122,071.90). 43.96% of the stock is currently owned by corporate insiders.

Alphawave IP Group Company Profile

(Get Free Report)

Alphawave IP Group plc develops and sells connectivity solutions in North America, China, the Asia Pacific, Europe, the Middle East, Africa, and the United Kingdom. The company offers silicon IP solutions, chiplets, custom silicon, and connectivity products. It serves the data center, artificial intelligence, 5G wireless infrastructure, data networking, autonomous vehicles, data storage, and solid-state storage markets.