A share price of Wave Life Sciences Ltd. [WVE] is currently trading at $15.31, up 4.79%. An important factor to consider is whether the stock is rising or falling in short-term value. The WVE shares have gain 77.82% over the last week, with a monthly amount glided 157.74%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Wave Life Sciences Ltd. [NASDAQ: WVE] stock has seen the most recent analyst activity on October 16, 2024, when Raymond James upgraded its rating to a Strong Buy but kept the price target unchanged to $22 for it. On September 19, 2024, B. Riley Securities initiated with a Buy rating and assigned a price target of $11 on the stock. JP Morgan started tracking the stock assigning a Overweight rating and suggested a price target of $10 on September 09, 2024. Wells Fargo initiated its recommendation with a Overweight and recommended $11 as its price target on May 15, 2024. Leerink Partners upgraded its rating to Outperform for this stock on December 19, 2023, and upped its price target to $12. In a note dated July 05, 2023, Raymond James initiated an Outperform rating and provided a target price of $7 on this stock.
Wave Life Sciences Ltd. experienced fluctuations in its stock price throughout the past year between $3.50 and $15.92. Currently, Wall Street analysts expect the stock to reach $20.17 within the next 12 months. Wave Life Sciences Ltd. [NASDAQ: WVE] shares were valued at $15.31 at the most recent close of the market. An investor can expect a potential return of 31.74% 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 14.58 points at the first support level, and at 13.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.72, and for the 2nd resistance point, it is at 16.12.
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 21.47.
Transactions by insiders
Recent insider trading involved Francis Chris, that happened on Oct 16 ’24 when 0.21 million shares were sold. President and CEO, BOLNO PAUL completed a deal on Oct 16 ’24 to sell 90474.0 shares. Meanwhile, Officer CHRISTOPHER FRANCIS bought 0.21 million shares on Oct 16 ’24.
