In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The price of Wave Life Sciences Ltd (NASDAQ: WVE) closed at $11.10 in the last session, up 1.00% from day before closing price of $10.99. In other words, the price has increased by $1.00 from its previous closing price. On the day, 0.8 million shares were traded. WVE stock price reached its highest trading level at $11.33 during the session, while it also had its lowest trading level at $11.0.
Ratios:
We take a closer look at WVE’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.90 and its Current Ratio is at 1.90. In the meantime, Its Debt-to-Equity ratio is 0.18 whereas as Long-Term Debt/Eq ratio is at 0.13.
On September 19, 2024, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $11.B. Riley Securities initiated its Buy rating on September 19, 2024, with a $11 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Nov 25 ’24 when BOLNO PAUL sold 50,000 shares for $15.00 per share. The transaction valued at 750,000 led to the insider holds 217,351 shares of the business.
PAUL BOLNO bought 50,000 shares of WVE for $750,000 on Nov 25 ’24. On Nov 15 ’24, another insider, BOLNO PAUL, who serves as the President and CEO of the company, sold 51,234 shares for $14.32 each. As a result, the insider received 733,671 and left with 217,351 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WVE now has a Market Capitalization of 1692972032 and an Enterprise Value of 1417065472. For the stock, the TTM Price-to-Sale (P/S) ratio is 31.58 while its Price-to-Book (P/B) ratio in mrq is 11.63. Its current Enterprise Value per Revenue stands at 26.433 whereas that against EBITDA is -9.576.
Stock Price History:
Over the past 52 weeks, WVE has reached a high of $16.74, while it has fallen to a 52-week low of $3.50. The 50-Day Moving Average of the stock is -19.32%, while the 200-Day Moving Average is calculated to be 28.92%.
Shares Statistics:
According to the various share statistics, WVE traded on average about 1.16M shares per day over the past 3-months and 989240 shares per day over the past 10 days. A total of 148.39M shares are outstanding, with a floating share count of 117.59M. Insiders hold about 22.90% of the company’s shares, while institutions hold 73.96% stake in the company. Shares short for WVE as of 1735603200 were 8213449 with a Short Ratio of 7.11, compared to 1732838400 on 6925870. Therefore, it implies a Short% of Shares Outstanding of 8213449 and a Short% of Float of 9.2700005.
