During the last session, Wave Life Sciences Ltd (NASDAQ:WVE)’s traded shares were 0.46 million, with the beta value of the company hitting -1.24. At the end of the trading day, the stock’s price was $14.27, reflecting an intraday loss of -0.56% or -$0.08. The 52-week high for the WVE share is $16.74, that puts it down -17.31 from that peak though still a striking 75.47% gain since the share price plummeted to a 52-week low of $3.50. The company’s market capitalization is $2.18B, and the average intraday trading volume over the past 10 days was 1.47 million shares, and the average trade volume was 1.80 million 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 1.20. 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 -0.24.
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Wave Life Sciences Ltd (NASDAQ:WVE) trade information
Wave Life Sciences Ltd (WVE) registered a -0.56% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.56% in intraday trading to $14.27, hitting a weekly high. The stock’s 5-day price performance is 4.39%, and it has moved by -3.71% in 30 days. Based on these gigs, the overall price performance for the year is 164.26%. The short interest in Wave Life Sciences Ltd (NASDAQ:WVE) is 6.82 million shares and it means that shorts have 3.38 day(s) to cover.
The consensus price target of analysts on Wall Street is $22, which implies an increase of 35.14% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $15 and $36 respectively. As a result, WVE is trading at a discount of -152.28% off the target high and -5.12% 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 129.42% during the last six months, with a year-to-date growth rate less than the industry average at -111.11% against 17.90. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -61.85% this quarter and then drop -12.50% in the quarter after that. In the rating firms’ projections, revenue will decrease -54.94% 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 25.59M as predicted by 9 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 12.8M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 29.06M and 12.54M respectively. In this case, analysts expect current quarter sales to shrink by -11.91% and then jump by 2.07% 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 -112.96% in 2024.
WVE Dividends
Wave Life Sciences Ltd is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Wave Life Sciences Ltd (NASDAQ:WVE)’s Major holders
Wave Life Sciences Ltd insiders own 15.04% of total outstanding shares while institutional holders control 78.49%, with the float percentage being 92.38%. RA CAPITAL MANAGEMENT, L.P. is the largest shareholder of the company, while 215.0 institutions own stock in it. As of 2024-06-30, the company held over 18.2 million shares (or 14.0527% of all shares), a total value of $90.83 million in shares.
The next largest institutional holding, with 7.67 million shares, is of MAVERICK CAPITAL LTD’s that is approximately 5.9211% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $38.27 million.
Also, the Mutual Funds coming in first place with the largest holdings of Wave Life Sciences Ltd (WVE) shares are Primecap Odyssey Aggressive Growth Fund and iShares Russell 2000 ETF . Data provided on Sep 30, 2024 indicates that Primecap Odyssey Aggressive Growth Fund owns about 2.52 shares. This amounts to just over 1.66 percent of the company’s overall shares, with a $36.03 million market value. The same data shows that the other fund manager holds slightly less at 2.02, or about 1.32% of the stock, which is worth about $28.8 million.
