Alphawave IP Group (LON:AWE) Shares Up 0.4% – Should You Buy?

Alphawave IP Group plc (LON:AWE) shares shot up 0.4% on Wednesday . The stock traded as high as GBX 86.70 ($1.07) and last traded at GBX 84.30 ($1.04). 1,800,423 shares changed 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 Stock Up 3.8 %

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 market cap of £704.30 million, a PE ratio of -1,056.67, a PEG ratio of 0.44 and a beta of 0.89. The company’s fifty day moving average is GBX 113.66 and its 200-day moving average is GBX 126.13.

Insider Transactions at Alphawave IP Group

In other Alphawave IP Group news, insider John Lofton Holt purchased 415,416 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were bought at an average cost of GBX 23 ($0.28) per share, with a total value of £95,545.68 ($118,264.24). Company insiders own 43.96% of the company’s stock.

About Alphawave IP Group

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.