Alphawave IP Group (LON:AWE) Trading Up 0.4% – Here’s What Happened

Posted by Scott Moore on Jan 3rd, 2025

Shares of Alphawave IP Group plc (LON:AWE – Get Free Report) shot up 0.4% on Wednesday . The company traded as high as GBX 86.70 ($1.07) and last traded at GBX 84.30 ($1.04). 1,800,423 shares traded hands during trading, an increase of 7% from the average session volume of 1,690,027 shares. The stock had previously closed at GBX 84 ($1.04).

Alphawave IP Group Trading Up 3.8 %

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 cap of £704.30 million, a price-to-earnings ratio of -1,056.67, a P/E/G ratio of 0.44 and a beta of 0.89. The company’s fifty day moving average price is GBX 113.66 and its 200-day moving average price is GBX 126.13.

Insider Transactions at Alphawave IP Group

In related news, insider John Lofton Holt acquired 415,416 shares of the stock in a transaction on Monday, December 2nd. The shares were acquired at an average price of GBX 23 ($0.28) per share, for a total transaction of £95,545.68 ($118,264.24). Insiders own 43.96% of the company’s stock.

About Alphawave IP Group

(Get Free Report)

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.