Alphawave IP Group (LON:AWE) Trading 0.5% Higher - Should You Buy?

Key Points

• Alphawave IP Group's stock price increased 0.5% on Thursday, last trading at GBX 176.16 ($2.38) amid a significant decline in trading volume, down 82% from its average.
• The company's market capitalization is £1.64 billion and features a negative price-to-earnings ratio of -20.48, indicating potential challenges in profitability.
• Alphawave IP offers technology solutions that enhance data speed and reliability, catering to tier-one global customers across sectors like AI, 5G, and autonomous vehicles.

Alphawave IP Group plc (LON:AWE - Get Free Report)'s stock price traded up 0.5% on Thursday . The company traded as high as GBX 176.50 ($2.38) and last traded at GBX 176.16 ($2.38). 604,784 shares traded hands during trading, a decline of 82% from the average session volume of 3,269,564 shares. The stock had previously closed at GBX 175.20 ($2.37).

Alphawave IP Group Price Performance

The firm has a market cap of £1.64 billion, a price-to-earnings ratio of -20.40, a P/E/G ratio of 0.44 and a beta of 0.89. The business's 50-day simple moving average is GBX 175.12 and its two-hundred day simple moving average is GBX 144.18. The company has a current ratio of 0.62, a quick ratio of 15.51 and a debt-to-equity ratio of 53.89.

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.