A share price of Wave Life Sciences Ltd. [WVE] is currently trading at $8.73, up 1.39%. An important factor to consider is whether the stock is rising or falling in short-term value. The WVE shares have gain 8.58% over the last week, with a monthly amount glided 48.98%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, B. Riley Securities started tracking the stock with Buy rating on September 19, 2024, and set its price target to $11. On September 09, 2024, JP Morgan initiated with a Overweight rating and assigned a price target of $10 on the stock. Wells Fargo started tracking the stock assigning a Overweight rating and suggested a price target of $11 on May 15, 2024. Leerink Partners upgraded its rating to a Outperform and raised its price target to $12 on December 19, 2023. Raymond James started tracking with a Outperform rating for this stock on July 05, 2023, and assigned it a price target of $7. In a note dated May 24, 2023, Jefferies downgraded an Hold rating on this stock and revised its target price from $7 to $5.
Wave Life Sciences Ltd. experienced fluctuations in its stock price throughout the past year between $3.50 and $9.92. Currently, Wall Street analysts expect the stock to reach $16.5 within the next 12 months. Wave Life Sciences Ltd. [NASDAQ: WVE] shares were valued at $8.73 at the most recent close of the market. An investor can expect a potential return of 89.0% based on the average WVE price forecast.
Analyzing the WVE fundamentals
Trailing Twelve Months sales for Wave Life Sciences Ltd. [NASDAQ:WVE] were 110.50M which represents -10.92% decline. Gross Profit Margin for this corporation currently stands at 0.92% with Operating Profit Margin at -0.76%, Pretax Profit Margin comes in at -0.67%, and Net Profit Margin reading is -0.67%. To continue investigating profitability, this company’s Return on Assets is posted at -0.35, Equity is -6.58 and Total Capital is -2.34. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 6.57.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 8.54 points at the first support level, and at 8.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.92, and for the 2nd resistance point, it is at 9.11.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Wave Life Sciences Ltd. [NASDAQ:WVE] is 0.99. On the other hand, the Quick Ratio is 0.99, and the Cash Ratio is 0.89. Considering the valuation of this stock, the price to sales ratio is 12.24.
Transactions by insiders
Recent insider trading involved GSK plc, 10% Owner, that happened on Sep 27 ’24 when 2.79 million shares were purchased. Chief Financial Officer, Moran Kyle completed a deal on Sep 25 ’24 to sell 17146.0 shares. Meanwhile, Officer KYLE MORAN bought 17146.0 shares on Sep 25 ’24.
