Alphawave IP Group (LON:AWE) Trading Up 9% – Still a Buy?

Alphawave IP Group plc (LON:AWE)’s share price rose 9% on Wednesday . The stock traded as high as GBX 124.40 ($1.67) and last traded at GBX 121.23 ($1.63). Approximately 3,447,692 shares were traded during mid-day trading, a decline of 1% from the average daily volume of 3,500,029 shares. The stock had previously closed at GBX 111.20 ($1.49).

Alphawave IP Group Price Performance

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 50 day simple moving average of GBX 116.55 and a 200-day simple moving average of GBX 118.56. The stock has a market cap of £1.14 billion, a price-to-earnings ratio of -14.23, a PEG ratio of 0.44 and a beta of 0.89.

Alphawave IP Group Company Profile

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.