Is Eco Wave Power Global AB ADR (NASDAQ:WAVE) A Strong Comeback Candidate At -26.17% Off Its High?

In last trading session, Eco Wave Power Global AB ADR (NASDAQ:WAVE) saw 0.14 million shares changing hands with its beta currently measuring -0.56. Company’s recent per share price level of $9.82 trading at -$1.79 or -15.42% at ring of the bell on the day assigns it a market valuation of $54.50M. That closing price of WAVE’s stock is at a discount of -26.17% from its 52-week high price of $12.39 and is indicating a premium of 89.71% from its 52-week low price of $1.01. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.15 million shares which gives us an average trading volume of 74.93K if we extend that period to 3-months.

Eco Wave Power Global AB ADR (NASDAQ:WAVE) trade information

Upright in the red during last session for losing -15.42%, in the last five days WAVE remained trading in the green while hitting it’s week-highest on Tuesday, 11/26/24 when the stock touched $9.82 price level, adding 18.3% to its value on the day. Eco Wave Power Global AB ADR’s shares saw a change of 691.94% in year-to-date performance and have moved 9.23% in past 5-day. Eco Wave Power Global AB ADR (NASDAQ:WAVE) showed a performance of 8.03% in past 30-days. Number of shares sold short was 71631.0 shares which calculate 0.86 days to cover the short interests.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -11.54% during past 5 years.

Eco Wave Power Global AB ADR (NASDAQ:WAVE)’s Major holders

UBS GROUP AG is the top institutional holder at WAVE for having 43828.0 shares of worth $0.13 million. And as of 2024-06-30, it was holding 0.7898 of the company’s outstanding shares.

The second largest institutional holder is IPG INVESTMENT ADVISORS LLC, which was holding about 11500.0 shares on 2024-06-30. The number of shares represents firm’s hold over 0.2072 of outstanding shares, having a total worth of $33580.0.