Alphawave IP Group (LON:AWE) Shares Up 14.9% – Time to Buy?

Alphawave IP Group plc (LON:AWE)’s stock price shot up 14.9% during trading on Tuesday . The stock traded as high as GBX 144.20 ($1.78) and last traded at GBX 143.20 ($1.77). 3,649,579 shares were traded during mid-day trading, a decline of 33% from the average session volume of 5,461,295 shares. The stock had previously closed at GBX 124.60 ($1.54).

Alphawave IP Group Stock Performance

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 company has a market cap of £1.06 billion, a P/E ratio of -1,591.11, a P/E/G ratio of 0.44 and a beta of 0.89. The stock’s fifty day moving average price is GBX 113.28 and its two-hundred day moving average price is GBX 123.56.

Insider Buying and Selling at Alphawave IP Group

In other Alphawave IP Group news, insider John Lofton Holt acquired 415,416 shares of Alphawave IP Group stock in a transaction that occurred on Monday, December 2nd. The shares were acquired at an average cost of GBX 23 ($0.28) per share, with a total value of £95,545.68 ($117,812.18). Company insiders own 43.96% of the company’s stock.

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.