Analyzing Greenwave Technology Solutions (NASDAQ:GWAV) and Casella Waste Systems (NASDAQ:CWST)
by Sarita Garza · The Markets DailyGreenwave Technology Solutions (NASDAQ:GWAV – Get Free Report) and Casella Waste Systems (NASDAQ:CWST – Get Free Report) are both industrials companies, but which is the superior business? We will compare the two companies based on the strength of their profitability, earnings, analyst recommendations, risk, valuation, dividends and institutional ownership.
Risk & Volatility
Greenwave Technology Solutions has a beta of -0.13, meaning that its share price is 113% less volatile than the S&P 500. Comparatively, Casella Waste Systems has a beta of 0.71, meaning that its share price is 29% less volatile than the S&P 500.
Analyst Recommendations
This is a breakdown of recent recommendations for Greenwave Technology Solutions and Casella Waste Systems, as provided by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Greenwave Technology Solutions | 1 | 0 | 0 | 0 | 1.00 |
| Casella Waste Systems | 1 | 3 | 4 | 1 | 2.56 |
Casella Waste Systems has a consensus target price of $105.83, indicating a potential upside of 9.62%. Given Casella Waste Systems’ stronger consensus rating and higher probable upside, analysts clearly believe Casella Waste Systems is more favorable than Greenwave Technology Solutions.
Profitability
This table compares Greenwave Technology Solutions and Casella Waste Systems’ net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Greenwave Technology Solutions | -27.67% | -64.32% | -30.24% |
| Casella Waste Systems | 0.29% | 5.32% | 2.49% |
Insider & Institutional Ownership
15.6% of Greenwave Technology Solutions shares are owned by institutional investors. Comparatively, 99.5% of Casella Waste Systems shares are owned by institutional investors. 4.0% of Greenwave Technology Solutions shares are owned by company insiders. Comparatively, 3.8% of Casella Waste Systems shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.
Earnings & Valuation
This table compares Greenwave Technology Solutions and Casella Waste Systems”s revenue, earnings per share and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Greenwave Technology Solutions | $46.66 million | 0.04 | -$21.60 million | ($21.77) | -0.10 |
| Casella Waste Systems | $1.84 billion | 3.35 | $7.87 million | $0.09 | 1,072.78 |
Casella Waste Systems has higher revenue and earnings than Greenwave Technology Solutions. Greenwave Technology Solutions is trading at a lower price-to-earnings ratio than Casella Waste Systems, indicating that it is currently the more affordable of the two stocks.
Summary
Casella Waste Systems beats Greenwave Technology Solutions on 14 of the 15 factors compared between the two stocks.
About Greenwave Technology Solutions
Greenwave Technology Solutions, Inc., through its subsidiary, operates metal recycling facilities in Virginia, Ohio, and North Carolina. The company collects, classifies, and processes appliances, construction materials, end-of-life vehicles, boats, and industrial machinery. It is also involved in the purchasing and sale of processed and unprocessed scrap metals; and operation of automotive shredders. In addition, the company process 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 extracts nonferrous precious metals comprising platinum, palladium, and rhodium. It serves large corporations, industrial manufacturers, retail customers, and government organizations. The company was formerly known as MassRoots, Inc and changed its name to Greenwave Technology Solutions, Inc. in October 2021. Greenwave Technology Solutions, Inc. was founded in 2002 and is headquartered in Chesapeake, Virginia.
About Casella Waste Systems
Casella Waste Systems, Inc., together with its subsidiaries, operates as a vertically integrated solid waste services company in the United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers. The company provides non-hazardous solid waste services, including collections, transfer stations, recycling, and disposal operations. In addition, it markets materials, including fibers, corrugated cardboard, newsprint, plastics, glass, ferrous, and aluminum metals. Casella Waste Systems, Inc. was founded in 1975 and is headquartered in Rutland, Vermont.