Eco Wave Power Global AB ADR (NASDAQ: WAVE) has experienced a decline in its stock price by -11.92 compared to its previous closing price of 9.90. However, the company has seen a fall of -20.73% in its stock price over the last five trading days. prnewswire.com reported 2024-12-23 that STOCKHOLM, Dec. 23, 2024 /PRNewswire/ — Eco Wave Power Global AB (publ) (NASDAQ: WAVE) (“Eco Wave Power” or the “Company”), a global leader in onshore wave energy technology, is pleased to announce that its Founder and CEO, Inna Braverman, will be speaking at Imagination In Action 2025: Architects of the Global Future, on the 22nd of January, 2025. This prestigious event, held in alignment with the World Economic Forum’s Annual Meeting in Davos, Switzerland, underscores her leadership in sustainable innovation and renewable energy.
Is It Worth Investing in Eco Wave Power Global AB ADR (NASDAQ: WAVE) Right Now?
Additionally, the 36-month beta value for WAVE is -0.66.
The public float for WAVE is 5.33M and currently, short sellers hold a 1.20% ratio of that float. The average trading volume of WAVE on January 10, 2025 was 115.80K shares.
WAVE’s Market Performance
WAVE stock saw a decrease of -20.73% in the past week, with a monthly decline of -22.83% and a quarterly a decrease of 68.67%. The volatility ratio for the week is 15.33%, and the volatility levels for the last 30 days are 17.72% for Eco Wave Power Global AB ADR (WAVE). The simple moving average for the past 20 days is -32.57% for WAVE’s stock, with a 61.02% simple moving average for the past 200 days.
WAVE Trading at -18.26% from the 50-Day Moving Average
After a stumble in the market that brought WAVE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -50.54% of loss for the given period.
Volatility was left at 17.72%, however, over the last 30 days, the volatility rate increased by 15.33%, as shares sank -30.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.22% lower at present.
During the last 5 trading sessions, WAVE fell by -20.73%, which changed the moving average for the period of 200-days by +678.50% in comparison to the 20-day moving average, which settled at $12.93. In addition, Eco Wave Power Global AB ADR saw -20.73% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WAVE starting from BRAVERMAN INNA KANEVSKY, who proposed sale 200,000 shares at the price of $13.16 back on Dec 30 ’24. After this action, BRAVERMAN INNA KANEVSKY now owns shares of Eco Wave Power Global AB ADR, valued at $2,632,000 using the latest closing price.
Stock Fundamentals for WAVE
Current profitability levels for the company are sitting at:
- -8.93 for the present operating margin
- 0.86 for the gross margin
The net margin for Eco Wave Power Global AB ADR stands at -7.85. The total capital return value is set at -0.41. Equity return is now at value -30.96, with -23.86 for asset returns.
The debt to equity ratio resting at 0.19. The interest coverage ratio of the stock is -5.22.
Currently, EBITDA for the company is -1.62 million with net debt to EBITDA at 2.51. When we switch over and look at the enterprise to sales, we see a ratio of 151.03. The receivables turnover for the company is 2.37for trailing twelve months and the total asset turnover is 0.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.26.
Conclusion
In conclusion, Eco Wave Power Global AB ADR (WAVE) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
