Eco Wave Power Global AB (publ) (NASDAQ:WAVE) and Greenfire Resources (NYSE:GFR) Financial Review

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) and Greenfire Resources (NYSE:GFR) are both small-cap energy companies, but which is the superior stock? We will compare the two companies based on the strength of their earnings, analyst recommendations, profitability, institutional ownership, valuation, risk and dividends.

Analyst Recommendations

This is a breakdown of recent recommendations and price targets for Eco Wave Power Global AB (publ) and Greenfire Resources, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Eco Wave Power Global AB (publ)	1	0	2	0	2.33
Greenfire Resources	1	1	0	0	1.50

Eco Wave Power Global AB (publ) currently has a consensus price target of $14.50, suggesting a potential upside of 81.02%. Given Eco Wave Power Global AB (publ)’s stronger consensus rating and higher probable upside, research analysts plainly believe Eco Wave Power Global AB (publ) is more favorable than Greenfire Resources.

Earnings & Valuation

This table compares Eco Wave Power Global AB (publ) and Greenfire Resources”s top-line revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Eco Wave Power Global AB (publ)	$170,000.00	261.50	-$2.08 million	($0.54)	-14.83
Greenfire Resources	$600.67 million	0.57	$88.61 million	$2.04	2.43

Greenfire Resources has higher revenue and earnings than Eco Wave Power Global AB (publ). Eco Wave Power Global AB (publ) is trading at a lower price-to-earnings ratio than Greenfire Resources, indicating that it is currently the more affordable of the two stocks.

Institutional & Insider Ownership

0.6% of Eco Wave Power Global AB (publ) shares are held by institutional investors. Comparatively, 88.9% of Greenfire Resources shares are held by institutional investors. 31.3% of Eco Wave Power Global AB (publ) shares are held by company insiders. Comparatively, 20.0% of Greenfire Resources shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Volatility and Risk

Eco Wave Power Global AB (publ) has a beta of -0.47, suggesting that its stock price is 147% less volatile than the S&P 500. Comparatively, Greenfire Resources has a beta of 0.27, suggesting that its stock price is 73% less volatile than the S&P 500.

Profitability

This table compares Eco Wave Power Global AB (publ) and Greenfire Resources’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Eco Wave Power Global AB (publ)	N/A	-40.84%	-30.64%
Greenfire Resources	28.61%	24.62%	16.27%

Summary

Greenfire Resources beats Eco Wave Power Global AB (publ) on 9 of the 14 factors compared between the two stocks.

About Eco Wave Power Global AB (publ)

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. It has operations in the United States, Sweden, Israel, the British Overseas Territory of Gibraltar, Greece, Portugal, China, Australia, and internationally. The company was formerly known as EWPG Holding AB (publ) and changed its name to Eco Wave Power Global AB (publ) in June 2021. Eco Wave Power Global AB (publ) was founded in 2011 and is headquartered in Tel Aviv-Yafo, Israel.

About Greenfire Resources

Greenfire Resources Ltd., together with its subsidiaries, engages in the development, exploration, and operation of oil and gas properties in the Athabasca oil sands region of Alberta. The company operates the Tier-1 oil sands assets located in Western Canada. It utilizes steam-assisted gravity drainage (SAGD) extraction technology, a situ thermal oil recovery process to recover diluted and non- diluted bitumen. The company is headquartered in Calgary, Canada.