Alphawave IP Group (LON:AWE) Given New GBX 130 Price Target at Barclays

Alphawave IP Group (LON:AWE – Get Rating) had its price objective reduced by Barclays from GBX 160 ($1.99) to GBX 130 ($1.62) in a report released on Tuesday morning, Marketbeat Ratings reports. They currently have an overweight rating on the stock.

Alphawave IP Group Stock Performance

Shares of AWE stock opened at GBX 104.60 ($1.30) on Tuesday. The firm has a market cap of £732.97 million and a price-to-earnings ratio of 10,460.00. The company has a debt-to-equity ratio of 47.31, a quick ratio of 15.51 and a current ratio of 2.09. Alphawave IP Group has a 52 week low of GBX 88.40 ($1.10) and a 52 week high of GBX 184.80 ($2.30). The firm’s 50-day simple moving average is GBX 108.86 and its two-hundred day simple moving average is GBX 104.39.

Insiders Place Their Bets

In other Alphawave IP Group news, insider Sehat Sutardja bought 1,200,000 shares of Alphawave IP Group stock in a transaction dated Thursday, February 23rd. The stock was purchased at an average price of GBX 91 ($1.13) per share, for a total transaction of £1,092,000 ($1,358,208.96). Insiders own 49.98% of the company’s stock.

About Alphawave IP Group

(Get Rating)

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.