Greenwave Technology Solutions (GWAV)
Market Price (3/30/2026): $3.42 | Market Cap: $2.0 MilSector: Consumer Discretionary | Industry: Distributors
Greenwave Technology Solutions (GWAV)
Market Price (3/30/2026): $3.42Market Cap: $2.0 MilSector: Consumer DiscretionaryIndustry: Distributors
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 16% | Weak multi-year price returns2Y Excs Rtn is -122%, 3Y Excs Rtn is -162% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -16 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -41% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -51% | Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.7, Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 14% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 624% |
| Megatrend and thematic driversMegatrends include Circular Economy & Recycling, Sustainable Infrastructure, and Sustainable Resource Management. Themes include Advanced Recycling Technologies, Show more. | Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -39% | |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -1650% | ||
| High stock price volatilityVol 12M is 11902% | ||
| Key risksGWAV key risks include [1] potential Nasdaq delisting for its persistent failure to file required financial reports and [2] significant financial instability that raises substantial doubt about its ability to continue as a going concern. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 16% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -51% |
| Megatrend and thematic driversMegatrends include Circular Economy & Recycling, Sustainable Infrastructure, and Sustainable Resource Management. Themes include Advanced Recycling Technologies, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -122%, 3Y Excs Rtn is -162% |
| Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.7, Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 14% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -16 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -41% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 624% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -39% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -1650% |
| High stock price volatilityVol 12M is 11902% |
| Key risksGWAV key risks include [1] potential Nasdaq delisting for its persistent failure to file required financial reports and [2] significant financial instability that raises substantial doubt about its ability to continue as a going concern. |
Qualitative Assessment
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Greenwave Technology Solutions (GWAV) stock has lost about 50% since 11/30/2025 because of the following key factors:
1. Ongoing Nasdaq Non-Compliance and Delisting Risk. Greenwave Technology Solutions received a Staff Determination Letter from Nasdaq on November 18, 2025, for failing to file its quarterly reports (Form 10-Q) for the periods ending March 31, June 30, and September 30, 2025. The company filed the March 31, 2025, report on November 19, 2025, and is working to file the remaining reports to regain compliance, but this issue introduces significant uncertainty and a risk of potential delisting.
2. Persistent Financial Losses and "Going Concern" Doubts. The company reported a net loss of $36.24 million for the trailing 12 months ending September 30, 2025, with a loss per share of -$81.08. Despite a 24.7% year-over-year revenue increase to $31.0 million for the nine months ended September 30, 2025, and a narrowed net loss to $17.9 million, substantial doubt exists about Greenwave's ability to continue as a going concern due to a significant working capital deficit. This is further underscored by an Altman Z-Score of -12.43, suggesting an increased risk of bankruptcy.
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1. Ongoing Nasdaq Non-Compliance and Delisting Risk. Greenwave Technology Solutions received a Staff Determination Letter from Nasdaq on November 18, 2025, for failing to file its quarterly reports (Form 10-Q) for the periods ending March 31, June 30, and September 30, 2025. The company filed the March 31, 2025, report on November 19, 2025, and is working to file the remaining reports to regain compliance, but this issue introduces significant uncertainty and a risk of potential delisting.
2. Persistent Financial Losses and "Going Concern" Doubts. The company reported a net loss of $36.24 million for the trailing 12 months ending September 30, 2025, with a loss per share of -$81.08. Despite a 24.7% year-over-year revenue increase to $31.0 million for the nine months ended September 30, 2025, and a narrowed net loss to $17.9 million, substantial doubt exists about Greenwave's ability to continue as a going concern due to a significant working capital deficit. This is further underscored by an Altman Z-Score of -12.43, suggesting an increased risk of bankruptcy.
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Stock Movement Drivers
Fundamental Drivers
The -48.7% change in GWAV stock from 11/30/2025 to 3/29/2026 was primarily driven by a -42.2% change in the company's P/S Multiple.| (LTM values as of) | 11302025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.64 | 3.40 | -48.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 32 | 39 | 22.7% |
| P/S Multiple | 0.1 | 0.1 | -42.2% |
| Shares Outstanding (Mil) | 0 | 1 | -27.7% |
| Cumulative Contribution | -48.7% |
Market Drivers
11/30/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| GWAV | -48.7% | |
| Market (SPY) | -5.3% | 15.1% |
| Sector (XLY) | -10.4% | 19.7% |
Fundamental Drivers
The -49.9% change in GWAV stock from 8/31/2025 to 3/29/2026 was primarily driven by a -60.1% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 8312025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.80 | 3.40 | -49.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 33 | 39 | 18.4% |
| P/S Multiple | 0.0 | 0.1 | 6.0% |
| Shares Outstanding (Mil) | 0 | 1 | -60.1% |
| Cumulative Contribution | -49.9% |
Market Drivers
8/31/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| GWAV | -49.9% | |
| Market (SPY) | 0.6% | 5.8% |
| Sector (XLY) | -8.5% | 8.5% |
Fundamental Drivers
The -88.1% change in GWAV stock from 2/28/2025 to 3/29/2026 was primarily driven by a -71.9% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 2282025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 28.60 | 3.40 | -88.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 34 | 39 | 16.3% |
| P/S Multiple | 0.1 | 0.1 | -63.6% |
| Shares Outstanding (Mil) | 0 | 1 | -71.9% |
| Cumulative Contribution | -88.1% |
Market Drivers
2/28/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| GWAV | -88.1% | |
| Market (SPY) | 9.8% | -2.3% |
| Sector (XLY) | -1.3% | -0.7% |
Fundamental Drivers
The -100.0% change in GWAV stock from 2/28/2023 to 3/29/2026 was primarily driven by a -99.9% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 2282023 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 19965.00 | 3.40 | -100.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 36 | 39 | 9.3% |
| P/S Multiple | 0.4 | 0.1 | -85.7% |
| Shares Outstanding (Mil) | 0 | 1 | -99.9% |
| Cumulative Contribution | -100.0% |
Market Drivers
2/28/2023 to 3/29/2026| Return | Correlation | |
|---|---|---|
| GWAV | -100.0% | |
| Market (SPY) | 69.4% | -1.7% |
| Sector (XLY) | 49.0% | -0.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| GWAV Return | 0% | 58627% | -36% | -99% | -93% | -30% | -85% |
| Peers Return | 131% | 31% | 23% | -18% | 39% | -4% | 305% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -5% | 72% |
Monthly Win Rates [3] | |||||||
| GWAV Win Rate | 0% | 8% | 33% | 17% | 25% | 0% | |
| Peers Win Rate | 65% | 52% | 48% | 54% | 65% | 42% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| GWAV Max Drawdown | 0% | 0% | -54% | -100% | -100% | -33% | |
| Peers Max Drawdown | -5% | -15% | -9% | -21% | -14% | -9% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -5% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: NUE, STLD, CMC, MTUS.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)
How Low Can It Go
| Event | GWAV | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -92.3% | -25.4% |
| % Gain to Breakeven | 1205.4% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -80.5% | -33.9% |
| % Gain to Breakeven | 413.3% | 51.3% |
| Time to Breakeven | 858 days | 148 days |
| 2018 Correction | ||
| % Loss | -98.9% | -19.8% |
| % Gain to Breakeven | 9321.4% | 24.7% |
| Time to Breakeven | 948 days | 120 days |
Compare to NUE, STLD, CMC, MTUS
In The Past
Greenwave Technology Solutions's stock fell -92.3% during the 2022 Inflation Shock from a high on 7/22/2022. A -92.3% loss requires a 1205.4% gain to breakeven.
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About Greenwave Technology Solutions (GWAV)
Greenwave Technology Solutions, Inc., through its subsidiary, Empire Services, Inc., operates metal recycling facilities in Virginia and North Carolina. The company, through its 11 metal recycling facilities, collects, classifies, and processes raw scrap ferrous and nonferrous metals for recycling iron, steel, aluminum, copper, lead, stainless steel, and zinc. It is involved in the purchasing and selling processed and unprocessed scrap metals to steel mills and other purchasers. The company was formerly known as MassRoots, Inc and changed its name to Greenwave Technology Solutions, Inc. in October 2021. The company was founded in 2002 and is headquartered in Suffolk, Virginia.
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Greenwave Technology Solutions is like Waste Management (WM) for scrap metal.
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- Metal Recycling Services: Collection, classification, and processing of raw scrap ferrous and nonferrous metals.
- Ferrous Scrap Metals: Processed iron and steel sold as raw materials to steel mills and other purchasers.
- Nonferrous Scrap Metals: Processed aluminum, copper, lead, stainless steel, and zinc sold as raw materials.
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Major Customers of Greenwave Technology Solutions (GWAV):
Greenwave Technology Solutions (GWAV) primarily sells to other companies.
Based on the company description, its major customers are:
- Steel mills
- Other industrial purchasers of processed and unprocessed scrap metals
The provided company description does not include the names of specific customer companies.
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Here is the management team for Greenwave Technology Solutions:Danny Meeks, Chief Executive Officer and Chairman of the Board
Mr. Meeks began his entrepreneurial career at 18 with a hauling company, which he rapidly expanded through reinvestment of profits. In 2004, he founded Empire Services, Inc., which he grew to 11 metal recycling facilities generating $25 million in annual revenue through both acquisitions and new openings. Mr. Meeks successfully sold Meeks Disposal Corporation for $17 million in 2010. Following Super Storm Sandy in 2012, he established Select Recycling Waste Services, Inc., securing a federal subcontract for cleanup services in New Jersey, and later sold the majority of its assets for $27 million in 2020, with remaining assets sold for an additional $3 million in 2021. He also served as Chairman & Chief Executive Officer of MassRoots, Inc. in 2021 and President & Secretary of Empire Services, Inc. from 2002 to 2021. In May 2024, he converted approximately $17.22 million of debt into company equity to strengthen Greenwave's balance sheet.
Chelsea Pullano, Chief Financial Officer
Ms. Pullano was appointed Chief Financial Officer of Greenwave Technology Solutions, Inc. effective February 5, 2026, serving in a part-time capacity through a scope of work agreement with MACK Financial Solutions, LLC. She is a co-founder, partner, and Chief Executive Officer of MACK Financial Solutions, LLC, a position she has held since May 2023. Prior to her role at MACK, Ms. Pullano served as the Chief Financial Officer of Creatd, Inc. from June 2020 to May 2023. Additionally, she was the Director of Finance at the law firm Lucosky Brookman LLP from September 2024 to March 2025.
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The key risks to Greenwave Technology Solutions (GWAV) include its precarious Nasdaq listing status and overall financial distress, the inherent volatility of recycled metal prices, and significant operational challenges common within the metal recycling industry.
- Nasdaq Delisting and Financial Distress: Greenwave Technology Solutions has repeatedly faced non-compliance issues with Nasdaq due to delayed filings of its quarterly financial reports. This has led to Staff Determination Letters and threats of trading suspension, with the company actively appealing to maintain its listing. This ongoing compliance struggle raises concerns about the company's financial transparency and ability to meet regulatory requirements, potentially eroding investor confidence. Furthermore, financial analyses suggest the company's financial health is "WEAK," indicating it is "quickly burning through cash" and has short-term obligations that exceed its liquid assets. The company has also engaged in frequent reverse stock splits and convertible debt conversions, which can lead to significant dilution for existing shareholders, often signaling liquidity needs.
- Price Volatility of Recycled Metals: The profitability of Greenwave Technology Solutions, a metal recycling company, is highly susceptible to the fluctuating global market prices for recycled metals. Economic downturns or shifts in demand for specific metals can lead to substantial price volatility, directly impacting the company's revenues and overall profitability. Managing these unpredictable price swings is a significant economic hurdle for metal recycling operations.
- Operational Risks: The metal recycling industry, in which Greenwave operates, inherently presents various operational challenges. These include substantial health and safety risks for workers, with injury rates significantly higher than average due to exposure to toxic materials like lead, mercury, and cadmium, as well as physical hazards from heavy machinery and sharp debris. Additionally, contamination of recyclable metals with non-metallic or hazardous substances is a common issue that slows down processing, increases operational costs, and reduces efficiency. High energy consumption during metal processing also contributes to operational expenses and environmental concerns.
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The addressable markets for Greenwave Technology Solutions (GWAV), which operates metal recycling facilities in the U.S. states of Virginia and North Carolina, can be identified by the size of the U.S. metal recycling market, particularly for ferrous and nonferrous metals.
- The U.S. metal recycling market generated a revenue of approximately $78.72 billion in 2024, with projections to reach $92.95 billion by 2030.
- For ferrous metals, the U.S. ferrous metal market size was valued at approximately $32.37 billion in 2024 and is anticipated to reach around $45.98 billion by 2034.
- The U.S. nonferrous metal recycling market size was approximately $46.3 billion in 2024 and is projected to grow to $56.3 billion by 2032.
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Here are the key drivers of future revenue growth for Greenwave Technology Solutions (GWAV) over the next 2-3 years:
- Increased Demand from Nucor's New Lexington Facility: Greenwave Technology Solutions is strategically positioned to benefit from the opening of Nucor's new 430,000-ton steelmaking facility in Lexington, North Carolina, in 2025. This facility is designed to operate on nearly 100% recycled inputs, which is expected to significantly increase the regional demand for recycled steel, a core product supplied by Greenwave.
- Impact of Metal Tariffs: Anticipated and enacted tariffs on steel, aluminum, and potentially copper imports are expected to create a significant tailwind for domestic metal recyclers like Greenwave. These tariffs aim to strengthen America's steel industry and are projected to drive Greenwave's domestic sales to 75% of its revenue in 2025, up from 41% historically, thereby expanding margins and revenue.
- Growth in Government Contracts and Infrastructure Projects: Greenwave continues to prioritize securing government contracts as a key driver of revenue and cash flow growth. The company has recently secured exclusive government and municipal contracts, including one for recycling 550,000 pounds of non-ferrous metal (estimated to boost Q4 2024 and Q1 2025 revenues by approximately $2 million) and another with Virginia Beach. Additionally, Greenwave is positioned to capitalize on surging regional infrastructure investment, particularly in the South Atlantic region.
- Expansion into Rare-Earth Metal Recovery: In response to global supply disruptions and geopolitical events, Greenwave is accelerating its initiatives in rare-earth metal recovery from end-of-life vehicles, appliances, and heavy machinery. The company views this as a "catalytic converter-level" opportunity, expecting it to generate significant revenue growth in fiscal year 2025 through the efficient extraction of high-value rare-earth minerals.
- Acquisition of Profitable Scrap Yards and "Scrap App" Expansion: Greenwave plans to aggressively expand its operational footprint by acquiring additional profitable scrap yards. Concurrently, the rollout of its "Scrap App" to the top 25 U.S. markets in 2025 is expected to contribute to revenue growth, building on the success of comparable platforms that have generated substantial revenue.
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```htmlShare Issuance
- During the year ended December 31, 2024, Greenwave raised $40,369,115 through the sale of common stock and warrants, and an additional $2,834,741 from warrant exercises.
- In February 2025, Greenwave announced a registered direct offering and concurrent private placement aiming to raise approximately $7 million by issuing 21.1 million shares of common stock along with warrants.
- A 1-for-110 reverse stock split became effective in August 2025, reducing outstanding shares from 62,794,283 to approximately 570,858, with the goal of regaining Nasdaq compliance.
Inbound Investments
- Greenwave reported increasing shareholders' equity by approximately $51 million in 2024.
- The company secured $45.3 million in new capital infusions since March 2024.
Outbound Investments
- Greenwave Technology Solutions transitioned into the scrap metal industry by acquiring Empire Services, Inc. in October 2021, expanding its operations to include 13 metal recycling facilities.
- The company recently purchased the real estate for seven of its core facilities, which is expected to reduce annual rent expenses by approximately $1.7 million.
Capital Expenditures
- Greenwave invested $3.6 million in capital expenditures in Q1 2026, marking a 527.2% increase from the prior quarter, primarily funding long-term assets and infrastructure.
- In 2022, the company was installing a second shredder and a downstream system, expected to be operational in Q3 2022, aimed at doubling processing capacity and enhancing profit margins.
- The company possesses over $30 million in "industry-leading equipment."
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Greenwave Technology Solutions Stock Drop Looks Sharp, But How Deep Can It Go? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to GWAV.
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|---|---|---|---|---|---|---|---|
| 02272026 | MBLY | Mobileye Global | Dip Buy | DB | Cash/EquityDip Buyer with High Net Cash % EquityBuying dips for companies with significant net cash as a % of market cap along with meaningful cash flow generation | 0.0% | 0.0% | 0.0% |
| 02202026 | SAH | Sonic Automotive | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -5.9% | -5.9% | -6.1% |
| 02132026 | MAT | Mattel | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 2.9% | 2.9% | 0.0% |
| 02132026 | SONO | Sonos | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -0.7% | -0.7% | -4.6% |
| 02062026 | DECK | Deckers Outdoor | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 1.6% | 1.6% | -0.8% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 58.28 |
| Mkt Cap | 6.5 |
| Rev LTM | 8,009 |
| Op Inc LTM | 601 |
| FCF LTM | -15 |
| FCF 3Y Avg | 488 |
| CFO LTM | 706 |
| CFO 3Y Avg | 930 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.7% |
| Rev Chg 3Y Avg | -4.3% |
| Rev Chg Q | 11.1% |
| QoQ Delta Rev Chg LTM | 2.7% |
| Op Mgn LTM | 7.5% |
| Op Mgn 3Y Avg | 9.1% |
| QoQ Delta Op Mgn LTM | 0.3% |
| CFO/Rev LTM | 8.0% |
| CFO/Rev 3Y Avg | 11.4% |
| FCF/Rev LTM | -0.6% |
| FCF/Rev 3Y Avg | 4.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 6.5 |
| P/S | 0.8 |
| P/EBIT | 13.7 |
| P/E | 14.8 |
| P/CFO | 11.6 |
| Total Yield | 5.9% |
| Dividend Yield | 1.2% |
| FCF Yield 3Y Avg | 3.9% |
| D/E | 0.2 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -11.5% |
| 3M Rtn | -9.9% |
| 6M Rtn | -0.2% |
| 12M Rtn | 27.8% |
| 3Y Rtn | 12.4% |
| 1M Excs Rtn | -3.4% |
| 3M Excs Rtn | -2.3% |
| 6M Excs Rtn | 5.2% |
| 12M Excs Rtn | 9.4% |
| 3Y Excs Rtn | -46.1% |
Price Behavior
Price Behavior
| Market Price | $3.40 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 03/16/2018 | |
| Distance from 52W High | -89.3% | |
| 50 Days | 200 Days | |
| DMA Price | $4.18 | $9.68 |
| DMA Trend | down | down |
| Distance from DMA | -18.6% | -64.8% |
| 3M | 1YR | |
| Volatility | 80.0% | 11,973.8% |
| Downside Capture | 1.28 | 1.82 |
| Upside Capture | -55.94 | -1.81 |
| Correlation (SPY) | 12.8% | -2.4% |
GWAV Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.22 | 2.15 | 2.51 | 1.42 | -15.47 | -8.21 |
| Up Beta | 0.55 | 2.72 | 3.10 | 3.48 | 0.71 | 0.54 |
| Down Beta | 1.41 | 4.19 | 4.68 | 4.38 | 37.84 | 17.56 |
| Up Capture | 20% | -47% | -41% | -62% | 13% | -7% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 6 | 16 | 22 | 51 | 103 | 311 |
| Down Capture | 243% | 236% | 266% | 78% | 157% | 113% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 15 | 25 | 38 | 71 | 145 | 432 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GWAV | |
|---|---|---|---|---|
| GWAV | -87.8% | 11,902.3% | 0.98 | - |
| Sector ETF (XLY) | 4.6% | 23.6% | 0.13 | -0.8% |
| Equity (SPY) | 14.5% | 18.9% | 0.59 | -2.5% |
| Gold (GLD) | 50.2% | 27.7% | 1.46 | -1.5% |
| Commodities (DBC) | 17.8% | 17.6% | 0.85 | 2.4% |
| Real Estate (VNQ) | 0.4% | 16.4% | -0.15 | -3.3% |
| Bitcoin (BTCUSD) | -23.7% | 44.2% | -0.49 | -12.8% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GWAV | |
|---|---|---|---|---|
| GWAV | -86.9% | 6,220.7% | 0.49 | - |
| Sector ETF (XLY) | 5.6% | 23.7% | 0.20 | -0.4% |
| Equity (SPY) | 11.8% | 17.0% | 0.54 | -1.3% |
| Gold (GLD) | 20.7% | 17.7% | 0.96 | -0.9% |
| Commodities (DBC) | 11.6% | 18.9% | 0.50 | 1.6% |
| Real Estate (VNQ) | 3.0% | 18.8% | 0.07 | -1.4% |
| Bitcoin (BTCUSD) | 4.0% | 56.6% | 0.29 | -6.0% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GWAV | |
|---|---|---|---|---|
| GWAV | -73.1% | 5,640.0% | 0.44 | - |
| Sector ETF (XLY) | 11.6% | 21.9% | 0.49 | -0.3% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | -1.0% |
| Gold (GLD) | 13.3% | 15.8% | 0.70 | -0.9% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | 1.5% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | -1.0% |
| Bitcoin (BTCUSD) | 66.4% | 66.8% | 1.06 | -4.7% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 03/06/2026 | 10-Q |
| 06/30/2025 | 02/05/2026 | 10-Q |
| 03/31/2025 | 11/19/2025 | 10-Q |
| 12/31/2024 | 04/15/2025 | 10-K |
| 09/30/2024 | 11/15/2024 | 10-Q |
| 06/30/2024 | 08/19/2024 | 10-Q |
| 03/31/2024 | 05/20/2024 | 10-Q |
| 12/31/2023 | 04/16/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 03/31/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 08/10/2022 | 10-Q |
| 03/31/2022 | 05/16/2022 | 10-Q |
| 12/31/2021 | 04/14/2022 | 10-K |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Adelman, Jason T | Direct | Sell | 2282025 | 0.25 | 100,000 | 25,000 | 75,000 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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