Eco Wave Power Global AB (publ) Unsponsored ADR (NASDAQ:WAVE - Get Free Report) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 24,300 shares, an increase of 38.9% from the August 15th total of 17,500 shares. Based on an average trading volume of 23,400 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.4% of the shares of the stock are short sold. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 23,400 shares, the days-to-cover ratio is presently 1.0 days.
Eco Wave Power Global AB (publ) Stock Performance
NASDAQ WAVE traded up $0.03 on Friday, reaching $8.52. The stock had a trading volume of 31,562 shares, compared to its average volume of 33,436. The company has a market cap of $47.29 million, a P/E ratio of -15.78 and a beta of -0.48. Eco Wave Power Global AB has a 1-year low of $3.35 and a 1-year high of $17.63. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.38 and a quick ratio of 3.38. The firm has a fifty day moving average of $8.17 and a two-hundred day moving average of $6.96.
Eco Wave Power Global AB (publ) (NASDAQ:WAVE - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.11). The company had revenue of $0.10 million during the quarter, compared to analyst estimates of $0.10 million.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded Eco Wave Power Global AB (publ) from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $14.50.
Get Our Latest Report on Eco Wave Power Global AB (publ)
About Eco Wave Power Global AB (publ)
(
Get Free Report)
Eco Wave Power Global AB (publ), a wave energy company, engages in the development of a wave energy conversion (WEC) technology that converts ocean and sea waves into clean electricity. The company also holds various agreements comprising power purchase agreements, concession agreements, and other agreements worldwide with pipeline of projects with approximately 404.7 megawatts.
See Also
Before you consider Eco Wave Power Global AB (publ), you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Eco Wave Power Global AB (publ) wasn't on the list.
While Eco Wave Power Global AB (publ) currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
