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

Shares of Alphawave IP Group plc (LON:AWE) dropped 15.4% during trading on Wednesday . The stock traded as low as GBX 115.80 ($1.48) and last traded at GBX 116.77 ($1.49). Approximately 83,731,055 shares traded hands during mid-day trading, an increase of 4,126% from the average daily 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 50-day simple moving average of GBX 116.16 and a 200-day simple moving average of GBX 131.60. The company has a debt-to-equity ratio of 53.89, a quick ratio of 15.51 and a current ratio of 0.62. The stock 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.

Insider Buying and Selling at Alphawave IP Group

In other Alphawave IP Group news, insider John Lofton Holt acquired 415,416 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was purchased at an average price of GBX 23 ($0.29) per share, for a total transaction of £95,545.68 ($122,071.90). Corporate insiders own 43.96% of the company’s stock.

About Alphawave IP Group

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.