Eco Wave Power Global AB (publ)’s (WAVE) Sell (D-) Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their sell (d-) rating on shares of Eco Wave Power Global AB (publ) (NASDAQ:WAVE) in a research note released on Friday morning,Weiss Ratings reports.

Separately, Wall Street Zen upgraded shares of Eco Wave Power Global AB (publ) to a “hold” rating in a research report on Saturday, October 11th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $14.50.

Eco Wave Power Global AB (publ) Stock Performance

NASDAQ WAVE opened at $8.01 on Friday. The business has a 50 day moving average price of $8.28 and a 200 day moving average price of $7.18. The company has a market capitalization of $44.45 million, a P/E ratio of -14.83 and a beta of -0.47. Eco Wave Power Global AB has a 1-year low of $4.41 and a 1-year high of $17.63. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.38 and a quick ratio of 3.38.

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) last posted its earnings results on Thursday, August 14th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.11). The business had revenue of $0.10 million during the quarter, compared to the consensus estimate of $0.10 million.

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.