Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Stock Rating Upgraded by Wall Street Zen

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

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Eco Wave Power Global AB (publ) in a research report on Wednesday. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $14.50.

Eco Wave Power Global AB (publ) Price Performance

WAVE opened at $8.10 on Friday. The firm has a market cap of $44.96 million, a price-to-earnings ratio of -15.00 and a beta of -0.47. Eco Wave Power Global AB has a fifty-two week low of $4.41 and a fifty-two week high of $17.63. The company’s 50-day moving average price is $8.24 and its 200 day moving average price is $7.05. The company has a quick ratio of 3.38, a current ratio of 3.38 and a debt-to-equity ratio of 0.01.

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) last released its quarterly earnings data on Thursday, August 14th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.11). The company had revenue of $0.10 million for 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.