In the last trading session, 1.4 million shares of the Wave Life Sciences Ltd. (NASDAQ:WVE) were traded, and its beta was -1.13. Most recently the company’s share price was $14.80, and it changed around -$0.19 or -1.27% from the last close, which brings the market valuation of the company to $2.29B. WVE currently trades at a discount to its 52-week high of $15.92, offering almost -7.57% off that amount. The share price’s 52-week low was $3.50, which indicates that the current value has risen by an impressive 76.35% since then. We note from Wave Life Sciences Ltd.’s average daily trading volume that its 10-day average is 3.32 million shares, with the 3-month average coming to 1.62 million.
Wave Life Sciences Ltd. stock received a consensus recommendation rating of Buy, based on a mean score of 1.20. 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 -0.28 for the current quarter.
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Wave Life Sciences Ltd. (NASDAQ:WVE) trade information
Instantly WVE has showed a red trend with a performance of -1.27% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 15.62 on recent trading dayincreased the stock’s daily price by 5.25%. The company’s shares are currently up 193.07% year-to-date, but still down -0.20% over the last five days. On the other hand, Wave Life Sciences Ltd. (NASDAQ:WVE) is 80.49% up in the 30-day period. We can see from the shorts that 4.89 million shares have been sold at a short interest cover period of 2.04 day(s).
The consensus price target as assigned by Wall Street analysts is $19, which translates to bulls needing to increase their stock price by 22.11% from its current value. Analyst projections state that WVE is forecast to be at a low of $15 and a high of $22.
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 200.20 percent over the past six months and at a -87.04% annual growth rate that is well below the industry average of 17.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -500.00% in revenue this quarter, and will report a decrease of -53.30% in the next quarter. The year-over-year growth rate is expected to be -38.40%, down from the previous year.
Consensus estimates provided by 10 financial analysts predict the company will bring in an average of 16.95M in revenue for the current quarter. 10 analysts expect Wave Life Sciences Ltd. to make 20.64M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 49.21M and 29.06M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -65.60%. Forecasts for the next quarter put sales growth at -29.00%.
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 November.
Wave Life Sciences Ltd. (NASDAQ:WVE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 15.79% of Wave Life Sciences Ltd. shares, and 64.83% of them are in the hands of institutional investors. The stock currently has a share float of 76.98%. Wave Life Sciences Ltd. stock is held by 191.0 institutions, with RA CAPITAL MANAGEMENT, L.P. being the largest institutional investor. By 2024-06-30, it held 14.0527% of the shares, which is about 18.2 million shares worth $90.83 million.
MAVERICK CAPITAL LTD, with 5.9211% or 7.67 million shares worth $38.27 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
