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

Weiss Ratings restated their sell (d-) rating on shares of Eco Wave Power Global AB (publ) (NASDAQ:WAVE) in a research report sent to investors on Wednesday morning,Weiss Ratings reports.

Separately, Wall Street Zen upgraded Eco Wave Power Global AB (publ) from a “sell” rating to a “hold” rating in a report on Saturday, June 14th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $14.50.

Eco Wave Power Global AB (publ) Price Performance

WAVE stock opened at $8.10 on Wednesday. The stock has a 50-day moving average price of $8.24 and a two-hundred day moving average price of $7.05. The stock has a market cap of $44.96 million, a PE ratio of -15.00 and a beta of -0.47. The company has a current ratio of 3.38, a quick ratio of 3.38 and a debt-to-equity ratio of 0.01. Eco Wave Power Global AB has a 1 year low of $4.41 and a 1 year high of $17.63.

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) last released its earnings results on Thursday, August 14th. The company reported ($0.24) earnings per share (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 analysts’ expectations 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.