In the last trading session, 1.13 million shares of the Wave Life Sciences Ltd. (NASDAQ:WVE) were traded, and its beta was -1.12. Most recently the company’s share price was $5.62, and it changed around -$0.31 or -5.23% from the last close, which brings the market valuation of the company to $688.28M. WVE currently trades at a discount to its 52-week high of $7.67, offering almost -36.48% off that amount. The share price’s 52-week low was $3.50, which indicates that the current value has risen by an impressive 37.72% since then. We note from Wave Life Sciences Ltd.’s average daily trading volume that its 3-month average coming to 854.00K.
Wave Life Sciences Ltd. stock received a consensus recommendation rating of Buy, based on a mean score of 1.43. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 0 recommended WVE as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Wave Life Sciences Ltd. is expected to report earnings per share of -0.21 for the current quarter.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Wave Life Sciences Ltd. (NASDAQ:WVE) trade information
Instantly WVE has showed a red trend with a performance of -5.23% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently up 11.29% year-to-date, but still up 2.74% over the last five days. On the other hand, Wave Life Sciences Ltd. (NASDAQ:WVE) is -9.35% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $14, which translates to bulls needing to increase their stock price by 59.86% from its current value. Analyst projections state that WVE is forecast to be at a low of $11 and a high of $17.
Wave Life Sciences Ltd. (WVE) estimates and forecasts
Wave Life Sciences Ltd. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 6.04 percent over the past six months and at a -57.41% annual growth rate that is well below the industry average of 15.40%. The year-over-year growth rate is expected to be -40.10%, down from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 24.33M in revenue for the current quarter. 7 analysts expect Wave Life Sciences Ltd. to make 14.78M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 7.94M and 49.21M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 206.40%. Forecasts for the next quarter put sales growth at -70.00%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 36.03%.
WVE Dividends
Wave Life Sciences Ltd.’s next quarterly earnings report is expected to be released in August.
Wave Life Sciences Ltd. (NASDAQ:WVE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 16.53% of Wave Life Sciences Ltd. shares, and 76.11% of them are in the hands of institutional investors. The stock currently has a share float of 91.18% . Wave Life Sciences Ltd. stock is held by 180 institutions, with Maverick Capital Ltd. being the largest institutional investor. By Mar 31, 2024 , it held 6.28% of the shares, which is about 7.69 shares worth $43.21 million.
M28 Capital Management LP , with 5.72% or 7.0 shares worth $39.34 million as of Mar 31, 2024 , holds the second largest percentage of outstanding shares.
Primecap Odyssey Aggressive Growth Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Apr 30, 2024 . The former held 2.8 shares worth $15.76 million, making up 2.29% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 1.7 shares worth around $9.57 million, which represents about 1.39% of the total shares outstanding.
