Alphawave IP Group (LON:AWE) Trading 14.9% Higher – Time to Buy?

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

Alphawave IP Group Stock Up 14.9 %

The stock 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 company has a quick ratio of 15.51, a current ratio of 0.62 and a debt-to-equity ratio of 53.89. The company has a 50-day simple moving average of GBX 113.57 and a two-hundred day simple moving average of GBX 123.54.

Insider Activity at Alphawave IP Group

In related news, insider John Lofton Holt purchased 415,416 shares of Alphawave IP Group stock in a transaction that occurred on Monday, December 2nd. The shares were bought at an average price of GBX 23 ($0.28) per share, for a total transaction of £95,545.68 ($117,797.66). 43.96% of the stock is currently owned by company insiders.

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.