Alphawave IP Group (LON:AWE) Trading 0.4% Higher – What’s Next?

Alphawave IP Group plc (LON:AWE)’s share price shot up 0.4% on Wednesday . The company traded as high as GBX 86.70 ($1.08) and last traded at GBX 84.30 ($1.05). 1,800,423 shares were traded during mid-day trading, an increase of 7% from the average session volume of 1,690,027 shares. The stock had previously closed at GBX 84 ($1.05).

Alphawave IP Group Stock Up 0.4 %

The firm’s 50 day simple moving average is GBX 114.74 and its 200-day simple moving average is GBX 126.96. The company has a current ratio of 0.62, a quick ratio of 15.51 and a debt-to-equity ratio of 53.89. The stock has a market capitalization of £624.32 million, a price-to-earnings ratio of -936.67, a price-to-earnings-growth ratio of 0.44 and a beta of 0.89.

Insider Activity at Alphawave IP Group

In other news, insider John Lofton Holt purchased 415,416 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were purchased at an average cost of GBX 23 ($0.29) per share, with a total value of £95,545.68 ($119,551.65). 43.96% of the stock is owned by company insiders.

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.