Upturn unsubscribed user
$1.14/ day, billed weekly
Cancel anytime
(Ad-Free, Unlimited access)​
NO CREDIT CARD REQUIRED
GWAV
Upturn stock ratingUpturn stock rating

Greenwave Technology Solutions Inc. Common Stock (GWAV)

Upturn stock ratingUpturn stock rating
$0.19
Last Close (24-hour delay)
upturn advisory
PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

08/14/2025: GWAV (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

0 Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

Analysis of Past Performance

Type Stock
Historic Profit -59.36%
Avg. Invested days 23
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/14/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 11.85M USD
Price to earnings Ratio -
1Y Target Price -
Price to earnings Ratio -
1Y Target Price -
Volume (30-day avg) -
Beta 0.43
52 Weeks Range 0.12 - 1.88
Updated Date 06/29/2025
52 Weeks Range 0.12 - 1.88
Updated Date 06/29/2025
Dividends yield (FY) -
Basic EPS (TTM) -1271.09

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -71.79%
Operating Margin (TTM) -62.62%

Management Effectiveness

Return on Assets (TTM) -24.53%
Return on Equity (TTM) -147.18%

Valuation

Trailing PE -
Forward PE -
Enterprise Value 24910998
Price to Sales(TTM) 0.36
Enterprise Value 24910998
Price to Sales(TTM) 0.36
Enterprise Value to Revenue 0.75
Enterprise Value to EBITDA 2.71
Shares Outstanding 61169500
Shares Floating 44082265
Shares Outstanding 61169500
Shares Floating 44082265
Percent Insiders 12.82
Percent Institutions 10.18

ai summary icon Upturn AI SWOT

Greenwave Technology Solutions Inc. Common Stock

stock logo

Company Overview

overview logo History and Background

Greenwave Technology Solutions Inc. (OTCQX: GWAV) focuses on metal recycling. It was formerly known as MassRoots, Inc., which was founded in 2013 as a technology platform for the cannabis industry. In 2021, it pivoted to metal recycling through the acquisition of Empire Services, Inc., marking a significant shift in its business operations.

business area logo Core Business Areas

  • Metal Recycling: Greenwave operates metal recycling facilities that process ferrous and non-ferrous metals. They purchase and process scrap metal from various sources, including individuals, businesses, and industrial sites. Revenue is generated from selling the processed metal to mills and foundries.

leadership logo Leadership and Structure

Danny Mezzalingua is the CEO of Greenwave Technology Solutions Inc. The company operates with a structure typical of small publicly traded companies, with a board of directors overseeing management.

Top Products and Market Share

overview logo Key Offerings

  • Recycled Ferrous Metals: Greenwave processes and sells recycled ferrous metals, like steel and iron. The metal recycling industry is highly fragmented, so market share for individual companies is usually small. Competitors include larger scrap metal processors like Schnitzer Steel Industries (SCHN) and Commercial Metals Company (CMC). Precise market share information is challenging to obtain.
  • Recycled Non-Ferrous Metals: The company also deals in non-ferrous metals, such as aluminum, copper, and brass. Similar to ferrous metals, market share data is not readily available and competition is intense. Competitors mirror those in the ferrous sector.

Market Dynamics

industry overview logo Industry Overview

The metal recycling industry is driven by the demand for recycled materials from various manufacturing sectors. Prices are cyclical and influenced by global economic conditions, supply and demand dynamics, and government regulations.

Positioning

Greenwave is a smaller player in a highly competitive market. Its competitive advantage, if any, lies in its ability to efficiently collect and process scrap metal within its specific geographic region. The metal recycling business does require specialized equipment and expertise.

Total Addressable Market (TAM)

The global metal recycling market is estimated to be in the hundreds of billions of dollars. Greenwave's market position is small compared to the total addressable market, suggesting significant room for growth, but also considerable competition.

Upturn SWOT Analysis

Strengths

  • Operational infrastructure (recycling facilities)
  • Experienced management team in metal recycling (following acquisition)
  • Established relationships with suppliers and customers (at a local level)

Weaknesses

  • Small market capitalization and limited financial resources
  • High debt levels
  • Susceptibility to commodity price volatility
  • Relatively small scale of operations

Opportunities

  • Expansion of recycling facilities and geographic reach
  • Increased demand for recycled materials due to environmental concerns
  • Strategic acquisitions of smaller recycling companies
  • Technological advancements in metal processing

Threats

  • Fluctuations in commodity prices (metal prices)
  • Increased competition from larger recycling companies
  • Changes in government regulations regarding recycling
  • Economic downturns reducing demand for metals

Competitors and Market Share

competitor logo Key Competitors

  • Schnitzer Steel Industries (SCHN)
  • Commercial Metals Company (CMC)
  • Nucor Corporation (NUE)

Competitive Landscape

Greenwave is a very small player competing with significantly larger, more established companies. Its success depends on its ability to carve out a niche in its local markets.

Growth Trajectory and Initiatives

Historical Growth: Historical growth is tied to the performance of its recycling operations following the acquisition of Empire Services. Need data to analyze growth rates.

Future Projections: Future projections are dependent on its expansion plans and its ability to manage costs and commodity price risks. Analyst estimates may be limited due to the OTCQX listing.

Recent Initiatives: Review company press releases and SEC filings for recent strategic initiatives, such as acquisitions or expansions.

Summary

Greenwave Technology Solutions is a small metal recycling company with a limited financial runway. Its revenue and profitability are volatile, and it faces intense competition. The company will need to carefully manage its expansion plans and commodity price risks. It operates in a cyclical business but has some growth potential if it can continue to scale. However, with the limited financial runway and small size of operations it has more significant risks associated than other competitors.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company Website
  • SEC Filings
  • Market Reports

Disclaimers:

The data provided is for informational purposes only and should not be considered investment advice. The AI-based rating is based on limited publicly available information and should be interpreted with caution. OTCQX stocks carry high risk.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Greenwave Technology Solutions Inc. Common Stock

Exchange NASDAQ
Headquaters Chesapeake, VA, United States
IPO Launch date 2016-01-04
Acting CFO, CEO & Chairman of the Board Mr. Danny Meeks
Sector Industrials
Industry Waste Management
Full time employees 180
Full time employees 180

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. It offers ferrous metal, including heavy melting steel, as well as plate, structural, and shredded scrap for recycling and production of finished steel. In addition, the company processes nonferrous metals, such as aluminum, copper, stainless steel, nickel, brass, titanium, lead, alloys, and mixed metal products; and sells catalytic converters recovered from end-of-life vehicles to processors that extract nonferrous precious metals comprising platinum, palladium, and rhodium. Further, it operates automotive shredders. It serves large corporations, industrial manufacturers, retail customers, and government organizations. Greenwave Technology Solutions, Inc. was founded in 2002 and is headquartered in Chesapeake, Virginia.