During the last session, Wave Life Sciences Ltd. (NASDAQ:WVE)’s traded shares were 1.15 million, with the beta value of the company hitting -1.05. At the end of the trading day, the stock’s price was $5.98, reflecting an intraday gain of 0.17% or $0.01. The 52-week high for the WVE share is $7.67, that puts it down -28.26 from that peak though still a striking 41.47% gain since the share price plummeted to a 52-week low of $3.50. The company’s market capitalization is $732.37M, and the average intraday trading volume over the past 10 days was 0.81 million shares, and the average trade volume was 892.07K shares over the past three months.
Wave Life Sciences Ltd. (WVE) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.43. WVE has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.21.
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Wave Life Sciences Ltd. (NASDAQ:WVE) trade information
Wave Life Sciences Ltd. (WVE) registered a 0.17% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.17% in intraday trading to $5.98, hitting a weekly high. The stock’s 5-day price performance is -9.53%, and it has moved by 11.57% in 30 days. Based on these gigs, the overall price performance for the year is 30.43%. The short interest in Wave Life Sciences Ltd. (NASDAQ:WVE) is 3.88 million shares and it means that shorts have 2.57 day(s) to cover.
The consensus price target of analysts on Wall Street is $14, which implies an increase of 57.29% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $11 and $17 respectively. As a result, WVE is trading at a discount of -184.28% off the target high and -83.95% off the low.
Wave Life Sciences Ltd. (WVE) estimates and forecasts
Statistics show that Wave Life Sciences Ltd. has underperformed its competitors in share price, compared to the industry in which it operates. Wave Life Sciences Ltd. (WVE) shares have gone up 47.29% during the last six months, with a year-to-date growth rate less than the industry average at -57.41% against 16.70. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -5.00% this quarter and then drop -457.10% in the quarter after that. In the rating firms’ projections, revenue will decrease -40.10% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 24.33M as predicted by 5 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to 14.78M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 7.94M and 49.21M respectively. In this case, analysts expect current quarter sales to grow by 206.40% and then drop by -70.00% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 36.03%. While earnings are projected to return -68.69% in 2024.
Wave Life Sciences Ltd. (NASDAQ:WVE)’s Major holders
Wave Life Sciences Ltd. insiders own 16.53% of total outstanding shares while institutional holders control 78.94%, with the float percentage being 94.56%. RA CAPITAL MANAGEMENT, L.P. is the largest shareholder of the company, while 189.0 institutions own stock in it. As of 2024-03-31, the company held over 18.2 million shares (or 17.156% of all shares), a total value of $112.31 million in shares.
The next largest institutional holding, with 7.69 million shares, is of MAVERICK CAPITAL LTD’s that is approximately 7.2463% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $47.44 million.
