Wall Street Zen Upgrades Eco Wave Power Global AB (publ) (NASDAQ:WAVE) to Hold

Eco Wave Power Global AB (publ) (NASDAQ:WAVE – Get Free Report) was upgraded by stock analysts at Wall Street Zen to a “hold” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Eco Wave Power Global AB (publ) in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

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Eco Wave Power Global AB (publ) Stock Performance

Shares of NASDAQ WAVE opened at $7.82 on Friday. Eco Wave Power Global AB has a twelve month low of $4.52 and a twelve month high of $10.87. The firm has a 50-day moving average of $8.72 and a two-hundred day moving average of $6.98. The company has a market capitalization of $43.40 million, a price-to-earnings ratio of -11.50 and a beta of -0.38.

Eco Wave Power Global AB (publ) (NASDAQ:WAVE – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.02.

Institutional Trading of Eco Wave Power Global AB (publ)

A hedge fund recently raised its position in Eco Wave Power Global AB (publ) stock. SmartHarvest Portfolios LLC raised its position in shares of Eco Wave Power Global AB (publ) Unsponsored ADR (NASDAQ:WAVE – Free Report) by 60.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,396 shares of the company’s stock after buying an additional 8,035 shares during the quarter. SmartHarvest Portfolios LLC owned 0.37% of Eco Wave Power Global AB (publ) worth $135,000 at the end of the most recent quarter. Institutional investors and hedge funds own 0.57% of the company’s stock.

About Eco Wave Power Global AB (publ)

(Get Free Report)

Eco Wave Power Global AB (publ) develops and commercializes technology that harnesses the energy of ocean and sea waves to generate electricity. The company’s modular, floating wave energy converters attach to existing maritime structures such as breakwaters and piers, converting vertical wave motion into electrical power through hydraulic systems and generators. This approach is designed to minimize environmental impact while delivering a predictable renewable energy source.

Founded in 2011 by CEO Inna Braverman, Eco Wave Power has secured patent protection for its core wave energy technology and completed its first grid-connected installation in Gibraltar in 2016.

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