Alphawave IP Group (LON:AWE) Shares Up 14.9% – What’s Next?

Alphawave IP Group plc (LON:AWE) rose 14.9% during mid-day trading on Wednesday . The company traded as high as GBX 144.20 ($1.78) and last traded at GBX 143.20 ($1.77). Approximately 3,649,579 shares changed hands during trading, a decline of 33% from the average daily volume of 5,461,295 shares. The stock had previously closed at GBX 124.60 ($1.54).

Alphawave IP Group Trading Down 0.9 %

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 firm has a market cap of £1.11 billion, a P/E ratio of -1,668.89, a price-to-earnings-growth ratio of 0.44 and a beta of 0.89. The firm’s 50-day simple moving average is GBX 114.59 and its 200 day simple moving average is GBX 123.54.

Insider Transactions at Alphawave IP Group

In other news, insider John Lofton Holt purchased 415,416 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were purchased at an average price of GBX 23 ($0.28) per share, with a total value of £95,545.68 ($118,015.91). 43.96% of the stock is currently owned by company insiders.

Alphawave IP Group Company Profile

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.