Alphawave IP Group (LON:AWE) Trading 23.7% Higher - What's Next?

Alphawave IP Group plc (LON:AWE - Get Free Report)'s share price traded up 23.7% during mid-day trading on Monday . The stock traded as high as GBX 187.90 ($2.54) and last traded at GBX 184.50 ($2.50). 187,074,516 shares were traded during trading, an increase of 3,782% from the average session volume of 4,818,920 shares. The stock had previously closed at GBX 149.20 ($2.02).

Alphawave IP Group Stock Up 23.7%

The firm has a 50 day simple moving average of GBX 130.33 and a 200-day simple moving average of GBX 123.55. The company has a debt-to-equity ratio of 53.89, a current ratio of 0.62 and a quick ratio of 15.51. The stock has a market capitalization of £1.72 billion, a price-to-earnings ratio of -21.45, a price-to-earnings-growth ratio of 0.44 and a beta of 0.89.

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.

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