In last trading session, Wave Life Sciences Ltd (NASDAQ:WVE) saw 0.62 million shares changing hands with its beta currently measuring -1.22. Company’s recent per share price level of $15.26 trading at $0.27 or 1.80% at ring of the bell on the day assigns it a market valuation of $2.33B. That closing price of WVE’s stock is at a discount of -9.7% from its 52-week high price of $16.74 and is indicating a premium of 77.06% from its 52-week low price of $3.50. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.11 million shares which gives us an average trading volume of 1.83 million if we extend that period to 3-months.
For Wave Life Sciences Ltd (WVE), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.20. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.24 in the current quarter.
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Wave Life Sciences Ltd (NASDAQ:WVE) trade information
Upright in the green during last session for gaining 1.80%, in the last five days WVE remained trading in the green while hitting it’s week-highest on Tuesday, 11/26/24 when the stock touched $15.26 price level, adding 0.52% to its value on the day. Wave Life Sciences Ltd’s shares saw a change of 202.18% in year-to-date performance and have moved 6.34% in past 5-day. Wave Life Sciences Ltd (NASDAQ:WVE) showed a performance of 6.56% in past 30-days. Number of shares sold short was 6.45 million shares which calculate 2.99 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 22 to the stock, which implies a rise of 30.64% to its current value. Analysts have been projecting 15 as a low price target for the stock while placing it at a high target of 36. It follows that stock’s current price would jump 1.7% in reaching the projected high whereas dropping to the targeted low would mean a gain of 1.7% for stock’s current value.
Wave Life Sciences Ltd (WVE) estimates and forecasts
Statistics highlight that Wave Life Sciences Ltd is scoring comparatively lower than the scores of other players of the relevant industry. The company added 146.93% of value to its shares in past 6 months, showing an annual growth rate of -111.11% while that of industry is 17.70. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -54.92% from the last financial year’s standing.
9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 25.59M for the same. And 5 analysts are in estimates of company making revenue of 12.8M in the next quarter. Company posted 29.06M and 12.54M of sales in current and next quarters respectively a year earlier.
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 36.03% during past 5 years.
Wave Life Sciences Ltd (NASDAQ:WVE)’s Major holders
Insiders are in possession of 15.04% of company’s total shares while institution are holding 78.49 percent of that, with stock having share float percentage of 92.38%. Investors also watch the number of corporate investors in a company very closely, which is 78.49% institutions for Wave Life Sciences Ltd that are currently holding shares of the company. RA CAPITAL MANAGEMENT, L.P. is the top institutional holder at WVE for having 18.2 million shares of worth $90.83 million. And as of 2024-06-30, it was holding 14.0527 of the company’s outstanding shares.
The second largest institutional holder is MAVERICK CAPITAL LTD, which was holding about 7.67 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.9211 of outstanding shares, having a total worth of $38.27 million.
On the other hand, Primecap Odyssey Aggressive Growth Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 2.52 shares of worth $38.12 million or 1.66% of the total outstanding shares. The later fund manager was in possession of 2.08 shares on Aug 31, 2024 , making its stake of worth around $31.35 million in the company or a holder of 1.36% of company’s stock.
