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Greenwave Technology Solutions Inc. Common Stock (GWAV)



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Upturn Advisory Summary
08/14/2025: GWAV (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -59.36% | Avg. Invested days 23 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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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 |
Upturn AI SWOT
Greenwave Technology Solutions Inc. Common Stock
Company Overview
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.
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 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
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
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
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.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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 | Website https://www.gwav.com |
Full time employees 180 | Website https://www.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. 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.

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