Alphawave IP Group (LON:AWE) Hits New 12-Month High - Still a Buy?

Key Points

• Alphawave IP Group's shares reached a new 52-week high at GBX 187.90 ($2.56) on Wednesday, closing at GBX 186.50 ($2.55) with significant trading volume of 690,440 shares.
• The company has an impressive market cap of £1.46 billion, yet holds a strikingly high P/E ratio of -3,219.72, indicating possible volatility or recent losses.
• Alphawave IP is recognized as a global leader in high-speed connectivity technology, catering to critical needs in sectors such as data centers, networking, AI, and 5G.

Alphawave IP Group plc (LON:AWE - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as GBX 187.90 ($2.53) and last traded at GBX 186.50 ($2.51), with a volume of 690440 shares changing hands. The stock had previously closed at GBX 185.20 ($2.50).

Alphawave IP Group Price Performance

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 capitalization of £1.50 billion, a price-to-earnings ratio of -3,320.07, a price-to-earnings-growth ratio of 0.44 and a beta of 0.89. The company's fifty day moving average is GBX 178.16 and its two-hundred day moving average is GBX 151.88.

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.