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Greenwave Technology Solutions, Inc.NasdaqCM:GWAV Stock Report

Market Cap US$3.2m
Share Price
US$3.85
My Fair Value
n/a
1Y-83.3%
7D4.3%
Portfolio Value
​
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Greenwave Technology Solutions, Inc.

NasdaqCM:GWAV Stock Report

Market Cap: US$3.2m

Greenwave Technology Solutions (GWAV) Stock Overview

Through its subsidiary, Empire Services, Inc., operates metal recycling facilities in Virginia, North Carolina, and Ohio. More details

GWAV fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

Risk Analysis

Earnings have declined by 11.7% per year over past 5 years

Has less than 1 year of cash runway

Shareholders have been substantially diluted in the past year

Does not have a meaningful market cap ($3M)


GWAV Community Fair Values

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Greenwave Technology Solutions, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Greenwave Technology Solutions
Historical stock prices
Current Share PriceUS$3.89
52 Week HighUS$34.45
52 Week LowUS$3.24
Beta0.18
1 Month Change10.83%
3 Month Change-13.17%
1 Year Change-83.32%
3 Year Change-99.90%
5 Year Change-99.90%
Change since IPO-99.90%

Recent News & Updates

Recent updates

Analysis Article • Feb 17

A Piece Of The Puzzle Missing From Greenwave Technology Solutions, Inc.'s (NASDAQ:GWAV) Share Price

Greenwave Technology Solutions, Inc.'s ( NASDAQ:GWAV ) price-to-sales (or "P/S") ratio of 0.2x might make it look like...
Analysis Article • Aug 15

Take Care Before Jumping Onto Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) Even Though It's 71% Cheaper

To the annoyance of some shareholders, Greenwave Technology Solutions, Inc. ( NASDAQ:GWAV ) shares are down a...
Analysis Article • Mar 07

Market Cool On Greenwave Technology Solutions, Inc.'s (NASDAQ:GWAV) Revenues Pushing Shares 40% Lower

The Greenwave Technology Solutions, Inc. ( NASDAQ:GWAV ) share price has softened a substantial 40% over the previous...
Analysis Article • Jul 17

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) Could Be Riskier Than It Looks

You may think that with a price-to-sales (or "P/S") ratio of 0.3x Greenwave Technology Solutions, Inc. ( NASDAQ:GWAV...
Seeking Alpha • Sep 19

Greenwave Technology appoints Ashley Sickles as CFO

Greenwave Technology Solutions (NASDAQ:GWAV) has announced that it has appointed Ashley Sickles as its CFO. Mrs. Sickles previously served as Director of Finance for JAWS, a leading regional restaurant operator and franchisor with multiple locations, from June 2017 to August 2022. Greenwave generated record revenues of $10.7M during the quarter ending June 30, 2022, an increase of 56% from the $6.88M in revenue Empire Services generated in the same period in 2021. Further, the Co. generated positive cashflows from operating activities of $0.57M for the six months ending June 30, 2022. GWAV shares are currently -16.02% to $2.15.
Seeking Alpha • Aug 25

Greenwave Technology to withdraw registration statement on Form S-3

Greenwave Technology Solutions (NASDAQ:GWAV) an operator of 11 metal recycling facilities in Virginia and North Carolina, has announced its plans to withdraw its Registration Statement on Form S-3. The Co. has generated record revenues of $10.7M in Q2, an increase of 56% from the $6.88M in revenue Empire Services generated in the same period in 2021. Also, the senior secured convertible notes in the principal amount of $37.7M together with accrued interest of $1.47M was converted into shares of common stock at a conversion price of $6.02/share. "Fundamentally, the Company has the strongest balance sheet in its history and we believe the infrastructure improvements set to come online over the coming months will help us grow our revenues and profit margins significantly. We look forward to reporting back on our progress.” said Danny Meeks, CEO. GWAV shares +7.59% premarket to $3.40. Source: Press Release

Shareholder Returns

GWAVUS Commercial ServicesUS Market
7D4.3%-2.8%2.1%
1Y-83.3%-16.2%30.6%

Return vs Industry: GWAV underperformed the US Commercial Services industry which returned -15.7% over the past year.

Return vs Market: GWAV underperformed the US Market which returned 31% over the past year.

Price Volatility

Is GWAV's price volatile compared to industry and market?
GWAV volatility
GWAV Average Weekly Movement7.3%
Commercial Services Industry Average Movement7.8%
Market Average Movement7.2%
10% most volatile stocks in US Market16.1%
10% least volatile stocks in US Market3.2%

Stable Share Price: GWAV has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: GWAV's weekly volatility has decreased from 22% to 7% over the past year.

About the Company

FoundedEmployeesCEOWebsite
2002150Danny Meekswww.gwav.com

Greenwave Technology Solutions, Inc., through its subsidiary, Empire Services, Inc., operates metal recycling facilities in Virginia, North Carolina, and Ohio. It operates through three segments: Scrap Metal Recycling, Hauling, and Other. The company collects, classifies, and processes appliances, construction materials, end-of-life vehicles, boats, and industrial machinery.

Greenwave Technology Solutions, Inc. Fundamentals Summary

How do Greenwave Technology Solutions's earnings and revenue compare to its market cap?
GWAV fundamental statistics
Market capUS$3.20m
Earnings (TTM)-US$36.24m
Revenue (TTM)US$39.47m
0.1x
P/S Ratio
-0.1x
P/E Ratio

Is GWAV overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GWAV income statement (TTM)
RevenueUS$39.47m
Cost of RevenueUS$31.79m
Gross ProfitUS$7.69m
Other ExpensesUS$43.93m
Earnings-US$36.24m

Last Reported Earnings

Sep 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)-43.68
Gross Margin19.47%
Net Profit Margin-91.81%
Debt/Equity Ratio41.3%

How did GWAV perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/07 16:23
End of Day Share Price 2026/05/07 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Greenwave Technology Solutions, Inc. is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James McIlreeChardan Capital Markets, LLC