Alphawave IP Group (LON:AWE) Shares Down 25.3%

Alphawave IP Group plc (LON:AWE) dropped 25.3% during mid-day trading on Tuesday . The company traded as low as GBX 111 ($1.38) and last traded at GBX 124 ($1.54). Approximately 9,496,243 shares traded hands during trading, an increase of 481% from the average daily volume of 1,635,770 shares. The stock had previously closed at GBX 166 ($2.07).

Alphawave IP Group Stock Performance

The stock’s 50-day moving average is GBX 166.76 and its 200-day moving average is GBX 132.79. The stock has a market cap of £838.51 million, a price-to-earnings ratio of -2,885.00, a price-to-earnings-growth ratio of 0.44 and a beta of 0.84. The company has a debt-to-equity ratio of 49.32, a current ratio of 0.88 and a quick ratio of 15.51.

Insider Buying and Selling

In other news, insider Michelle Senecal de Fonseca bought 15,413 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were purchased at an average price of GBX 130 ($1.62) per share, for a total transaction of £20,036.90 ($24,943.23). 41.56% of the stock is owned by company insiders.

About Alphawave IP Group

Alphawave IP Group plc designs, develops, and sells connectivity solutions. The company offers connectivity, integrated products, and chiplet IP products. It serves the data center, artificial intelligence, 5G wireless infrastructure, data networking, autonomous vehicles, and solid-state storage end markets in North America, the Asia Pacific, Europe, and the United Kingdom.