Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Posts Quarterly Earnings Results

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) released its quarterly earnings data on Wednesday. The company reported ($0.16) EPS for the quarter, Zacks reports.

Eco Wave Power Global AB (publ) Price Performance

Shares of WAVE traded up $0.01 during mid-day trading on Wednesday, reaching $8.16. 17,274 shares of the company’s stock were exchanged, compared to its average volume of 29,348. The company has a quick ratio of 3.38, a current ratio of 3.38 and a debt-to-equity ratio of 0.01. Eco Wave Power Global AB has a 52-week low of $4.41 and a 52-week high of $17.63. The company has a market cap of $45.29 million, a price-to-earnings ratio of -15.11 and a beta of -0.49. The company has a 50-day simple moving average of $8.23 and a two-hundred day simple moving average of $7.33.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on WAVE. Weiss Ratings reiterated a “sell (d-)” rating on shares of Eco Wave Power Global AB (publ) in a research report on Wednesday, October 8th. Wall Street Zen cut Eco Wave Power Global AB (publ) from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Eco Wave Power Global AB (publ) currently has an average rating of “Hold” and an average target price of $14.50.

Eco Wave Power Global AB (publ) Company Profile

Eco Wave Power Global AB (publ), a wave energy company, engages in the development of a wave energy conversion (WEC) technology that converts ocean and sea waves into clean electricity. The company also holds various agreements comprising power purchase agreements, concession agreements, and other agreements worldwide with pipeline of projects with approximately 404.7 megawatts.