Alphawave IP Group (LON:AWE) Shares Up 14.6% – Time to Buy?

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

Alphawave IP Group Trading Up 3.7 %

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 business’s 50-day moving average is GBX 114.59 and its two-hundred day moving average is GBX 123.54. The company has a debt-to-equity ratio of 53.89, a quick ratio of 15.51 and a current ratio of 0.62.

Insider Buying and Selling

In related news, insider John Lofton Holt bought 415,416 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were bought at an average cost of GBX 23 ($0.28) per share, for a total transaction of £95,545.68 ($118,015.91). 43.96% of the stock is currently owned by corporate 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.