Alphawave IP Group (LON:AWE) Stock Price Up 14.9% – Still a Buy?

Shares of Alphawave IP Group plc (LON:AWE) rose 14.9% during mid-day trading on Wednesday . The stock traded as high as GBX 144.20 ($1.78) and last traded at GBX 143.20 ($1.77). Approximately 3,649,579 shares were traded during 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 Performance

The company has a debt-to-equity ratio of 53.89, a quick ratio of 15.51 and a current ratio of 0.62. The stock has a market capitalization of £1.05 billion, a P/E ratio of -1,577.78, a PEG ratio of 0.44 and a beta of 0.89. The business has a 50-day moving average price of GBX 113.57 and a 200 day moving average price of GBX 123.54.

Insiders Place Their Bets

In other news, insider John Lofton Holt bought 415,416 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were purchased at an average price of GBX 23 ($0.28) per share, for a total transaction of £95,545.68 ($117,797.66). Corporate insiders own 43.96% of the company’s stock.

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.