Is Greenwave Technology Solutions, Inc. (GWAV) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 473.7% / 30% | 77.3% / 30% | 37.6% / 30% | 0.22% / 5% | ✗ NOT HALAL |
| DJIM | 473.7% / 33% | 77.3% / 33% | 37.6% / 33% | 0.22% / 5% | ✗ NOT HALAL |
| MSCI | 25.0% / 33% | 4.1% / 33% | 2.0% / 33% | 0.22% / 5% | ✓ HALAL |
| S&P | 473.7% / 33% | 77.3% / 33% | 37.6% / 33% | 0.22% / 5% | ✗ NOT HALAL |
| FTSE | 25.0% / 33% | 4.1% / 33% | 2.0% / 50% | 0.22% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 19.5% | |
| Operating Margin | -41.2% | |
| Net Margin | -84.2% | |
| Return on Equity (ROE) | -79.2% | |
| Return on Assets (ROA) | -18.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$17M |
| Free Cash Flow | -$33M |
| Total Debt | $16M |
| Debt-to-Equity | 43.0 |
| Current Ratio | 0.3 |
| Total Assets | $63M |
Price & Trading
| Last Close | $3.64 |
| 50-Day MA | $4.18 |
| 200-Day MA | $10.06 |
| Avg Volume | 159K |
| Beta | 0.0 |
|
52-Week Range
$3.24
| |
About Greenwave Technology Solutions, Inc. (GWAV)
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 also 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. The company was founded in 2002 and is headquartered in Chesapeake, Virginia.
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Frequently Asked Questions
Is Greenwave Technology Solutions, Inc. (GWAV) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Greenwave Technology Solutions, Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Greenwave Technology Solutions, Inc.'s debt ratio?
Greenwave Technology Solutions, Inc.'s debt ratio is 473.7% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 25.0%.
What are Greenwave Technology Solutions, Inc.'s key financial metrics?
Greenwave Technology Solutions, Inc. has a market capitalization of $3M, trailing P/E ratio of 0.0, and revenue of $33M. The company maintains a gross margin of 19.5% and a net margin of -84.2%. Return on equity stands at -79.2%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.