Market Momentum Report: Wave Life Sciences Ltd. (WVE)’s Positive Close at 5.90

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The price of Wave Life Sciences Ltd. (NASDAQ: WVE) closed at $5.90 in the last session, up 1.55% from day before closing price of $5.81. In other words, the price has increased by $1.55 from its previous closing price. On the day, 0.56 million shares were traded. WVE stock price reached its highest trading level at $5.91 during the session, while it also had its lowest trading level at $5.57.


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 1.19 and its Current Ratio is at 1.19. In the meantime, Its Debt-to-Equity ratio is 0.92 whereas as Long-Term Debt/Eq ratio is at 0.71.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Wells Fargo on May 15, 2024, initiated with a Overweight rating and assigned the stock a target price of $11.

On December 19, 2023, Leerink Partners Upgraded its rating to Outperform which previously was Market Perform and also upped its target price recommendation from $5 to $12.

On July 05, 2023, Raymond James started tracking the stock assigning a Outperform rating and target price of $7.Raymond James initiated its Outperform rating on July 05, 2023, with a $7 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 Apr 03 ’24 when Moran Kyle sold 15,630 shares for $6.17 per share. The transaction valued at 96,421 led to the insider holds 33,921 shares of the business.

RA CAPITAL MANAGEMENT, L.P. bought 1,000,000 shares of WVE for $5,000,000 on Dec 11 ’23. The Director now owns 19,202,009 shares after completing the transaction at $5.00 per share. On Dec 07 ’23, another insider, GSK plc, who serves as the 10% Owner of the company, bought 3,300,000 shares for $5.00 each. As a result, the insider paid 16,500,000 and bolstered with 13,983,761 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 722513984 and an Enterprise Value of 580000960. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.40 while its Price-to-Book (P/B) ratio in mrq is 28.43. Its current Enterprise Value per Revenue stands at 5.137 whereas that against EBITDA is -8.585.

Stock Price History:

Over the past 52 weeks, WVE has reached a high of $7.67, while it has fallen to a 52-week low of $3.45. The 50-Day Moving Average of the stock is 2.46%, while the 200-Day Moving Average is calculated to be 11.58%.

Shares Statistics:

According to the various share statistics, WVE traded on average about 689.04K shares per day over the past 3-months and 494830 shares per day over the past 10 days. A total of 119.16M shares are outstanding, with a floating share count of 96.50M. Insiders hold about 21.20% of the company’s shares, while institutions hold 74.67% stake in the company. Shares short for WVE as of 1715731200 were 2772670 with a Short Ratio of 4.02, compared to 1713139200 on 3151130. Therefore, it implies a Short% of Shares Outstanding of 2772670 and a Short% of Float of 3.3000000000000003.

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