There’s a new sense of excitement surrounding Wave Life Sciences Ltd. (WVE)

The closing price of Wave Life Sciences Ltd. (NASDAQ: WVE) was $4.21 for the day, up 2.68% from the previous closing price of $4.10. In other words, the price has increased by $+0.1100 from its previous closing price. On the day, 494561 shares were traded. WVE stock price reached its highest trading level at $4.3500 during the session, while it also had its lowest trading level at $4.0850.

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Our analysis of WVE’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.00 and its Current Ratio is at 2.00.

Upgrades & Downgrades

On October 23, 2020, RBC Capital Mkts started tracking the stock assigning a Sector Perform rating and target price of $13.

SVB Leerink Downgraded its Outperform to Mkt Perform on December 31, 2019, whereas the target price for the stock was revised from $33 to $10.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jun 16 when RA CAPITAL MANAGEMENT, L.P. bought 9,480,052 shares for $2.15 per share. The transaction valued at 20,382,112 led to the insider holds 17,202,009 shares of the business.

Vargeese Chandra sold 16,714 shares of WVE for $28,748 on May 05. The insider now owns 111,095 shares after completing the transaction at $1.72 per share. On May 05, another insider, Francis Chris, who serves as the insider of the company, sold 10,867 shares for $1.72 each. As a result, the insider received 18,691 and left with 89,972 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 81.87.

Stock Price History:

Over the past 52 weeks, WVE has reached a high of $5.31, while it has fallen to a 52-week low of $1.16. The 50-Day Moving Average of the stock is 4.1190, while the 200-Day Moving Average is calculated to be 2.8958.

Shares Statistics:

WVE traded an average of 322.18K shares per day over the past three months and 413.67k shares per day over the past ten days. A total of 93.90M shares are outstanding, with a floating share count of 72.78M. Insiders hold about 16.24% of the company’s shares, while institutions hold 78.60% stake in the company. Shares short for WVE as of Oct 13, 2022 were 1.58M with a Short Ratio of 1.45M, compared to 1.49M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.82% and a Short% of Float of 2.49%.

Earnings Estimates

The firm’s stock currently is rated by 6 analysts. On average, analysts expect EPS of -$0.5 for the current quarter, with a high estimate of -$0.42 and a low estimate of -$0.62, while EPS last year was -$0.12. The consensus estimate for the next quarter is -$0.55, with high estimates of -$0.44 and low estimates of -$0.72.

Analysts are recommending an EPS of between -$2.04 and -$2.51 for the fiscal current year, implying an average EPS of -$2.27. EPS for the following year is -$1.67, with 6 analysts recommending between -$1.26 and -$2.32.

Revenue Estimates

A total of 7 analysts have provided revenue estimates for WVE’s current fiscal year. The highest revenue estimate was $52M, while the lowest revenue estimate was $7.1M, resulting in an average revenue estimate of $16.64M. In the same quarter a year ago, actual revenue was $40.96M, down -59.40% from the average estimate.