Wave Life Sciences Ltd (NASDAQ: WVE)’s stock price has plunge by -3.35relation to previous closing price of 16.44. Nevertheless, the company has seen a 14.81% surge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-12 that Wave Life Sciences Ltd. (NASDAQ:WVE ) Q3 2024 Results Conference Call November 12, 2024 8:30 AM ET Company Participants Kate Rausch – Vice President, Investor Relations & Corporate Affairs Paul Bolno – President & Chief Executive Officer Anne-Marie Li-Kwai-Cheung – Chief Development Officer Kyle Moran – Chief Financial Officer Conference Call Participants Steven Seedhouse – Raymond James Joon Lee – Truist Salim Syed – Mizuho Luca Issi – RBC Catherine Novack – Jones Trading Madison El-Saadi – B.
Is It Worth Investing in Wave Life Sciences Ltd (NASDAQ: WVE) Right Now?
Moreover, the 36-month beta value for WVE is -1.20. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for WVE is 120.28M and currently, short sellers hold a 5.67% of that float. On November 13, 2024, WVE’s average trading volume was 1.69M shares.
WVE’s Market Performance
The stock of Wave Life Sciences Ltd (WVE) has seen a 14.81% increase in the past week, with a 82.02% rise in the past month, and a 185.28% gain in the past quarter. The volatility ratio for the week is 8.46%, and the volatility levels for the past 30 days are at 7.51% for WVE. The simple moving average for the last 20 days is 7.44% for WVE stock, with a simple moving average of 136.57% for the last 200 days.
Analysts’ Opinion of WVE
Many brokerage firms have already submitted their reports for WVE stocks, with Raymond James repeating the rating for WVE by listing it as a “Strong Buy.” The predicted price for WVE in the upcoming period, according to Raymond James is $22 based on the research report published on October 16, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see WVE reach a price target of $13, previously predicting the price at $10. The rating they have provided for WVE stocks is “Overweight” according to the report published on September 27th, 2024.
B. Riley Securities gave a rating of “Buy” to WVE, setting the target price at $11 in the report published on September 19th of the current year.
WVE Trading at 56.00% from the 50-Day Moving Average
After a stumble in the market that brought WVE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.05% of loss for the given period.
Volatility was left at 7.51%, however, over the last 30 days, the volatility rate increased by 8.46%, as shares surge +85.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +186.31% upper at present.
During the last 5 trading sessions, WVE rose by +14.81%, which changed the moving average for the period of 200-days by +255.48% in comparison to the 20-day moving average, which settled at $14.79. In addition, Wave Life Sciences Ltd saw 214.65% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WVE starting from CHRISTOPHER FRANCIS, who proposed sale 36,000 shares at the price of $16.00 back on Nov 08 ’24. After this action, CHRISTOPHER FRANCIS now owns shares of Wave Life Sciences Ltd, valued at $576,000 using the latest closing price.
Francis Chris, the of Wave Life Sciences Ltd, sale 208,836 shares at $13.67 during a trade that took place back on Oct 16 ’24, which means that Francis Chris is holding 0 shares at $2,855,051 based on the most recent closing price.
Stock Fundamentals for WVE
Current profitability levels for the company are sitting at:
- -0.76 for the present operating margin
- 0.92 for the gross margin
The net margin for Wave Life Sciences Ltd stands at -0.67. The total capital return value is set at -2.34. Equity return is now at value -1928.16, with -33.61 for asset returns.
Based on Wave Life Sciences Ltd (WVE), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at -17.89. The debt to equity ratio resting at 1.63. The interest coverage ratio of the stock is -29.06.
Currently, EBITDA for the company is -58.79 million with net debt to EBITDA at 1.67. When we switch over and look at the enterprise to sales, we see a ratio of 21.15. The receivables turnover for the company is 85.66for trailing twelve months and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.99.
Conclusion
To wrap up, the performance of Wave Life Sciences Ltd (WVE) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
