Eco Wave Power Global AB (publ) (WAVE) Stock Price, News & Analysis

Company Overview

Eco Wave Power Global AB (publ), a wave energy company, engages in the development of a wave energy conversion (WEC) technology that converts ocean and sea waves into clean electricity. The company also holds various agreements comprising power purchase agreements, concession agreements, and other agreements worldwide with pipeline of projects with approximately 404.7 megawatts. It has operations in the United States, Sweden, Israel, the British Overseas Territory of Gibraltar, Greece, Portugal, China, Australia, and internationally. The company was formerly known as EWPG Holding AB (publ) and changed its name to Eco Wave Power Global AB (publ) in June 2021. Eco Wave Power Global AB (publ) was founded in 2011 and is headquartered in Tel Aviv-Yafo, Israel.

Key Stats

• Today's Range: $6.54 to $7.18
• 50-Day Range: $3.40 to $10.50
• 52-Week Range: $1.01 to $12.39
• Volume: 15,153 shs
• Average Volume: 72,435 shs
• Market Capitalization: $36.41 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Eco Wave Power Global AB (publ) Stock Analysis - MarketRank™

Eco Wave Power Global AB (publ) scored higher than 10% of companies evaluated by MarketBeat, and ranked 260th out of 265 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Eco Wave Power Global AB (publ).

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Eco Wave Power Global AB (publ) is -18.22, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Eco Wave Power Global AB (publ) is -18.22, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Eco Wave Power Global AB (publ) has a P/B Ratio of 4.65. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.34% of the float of Eco Wave Power Global AB (publ) has been sold short.

Short Interest Ratio / Days to Cover

Eco Wave Power Global AB (publ) has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Eco Wave Power Global AB (publ) has recently increased by 16.05%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Eco Wave Power Global AB (publ) does not currently pay a dividend.

Dividend Growth

Eco Wave Power Global AB (publ) does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.34% of the float of Eco Wave Power Global AB (publ) has been sold short.

Short Interest Ratio / Days to Cover

Eco Wave Power Global AB (publ) has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Eco Wave Power Global AB (publ) has recently increased by 16.05%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.44

News Sentiment

Eco Wave Power Global AB (publ) has a news sentiment score of 0.44. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.58 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Eco Wave Power Global AB (publ) this week, compared to 0 articles on an average week.

Search Interest

Only 3 people have searched for WAVE on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Eco Wave Power Global AB (publ) insiders have not sold or bought any company stock.

Percentage Held by Insiders

31.30% of the stock of Eco Wave Power Global AB (publ) is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 0.57% of the stock of Eco Wave Power Global AB (publ) is held by institutions.

WAVE Stock Analysis - Frequently Asked Questions

How have WAVE shares performed this year?

Eco Wave Power Global AB (publ)'s stock was trading at $1.24 at the beginning of 2024. Since then, WAVE stock has increased by 429.0% and is now trading at $6.56.
View the best growth stocks for 2024 here.

How were Eco Wave Power Global AB (publ)'s earnings last quarter?

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) issued its quarterly earnings data on Thursday, August, 29th. The company reported ($0.09) earnings per share (EPS) for the quarter.

When did Eco Wave Power Global AB (publ) IPO?

Eco Wave Power Global AB (publ) (WAVE) raised $9 million in an initial public offering on Thursday, July 1st 2021. The company issued 818,181 shares at $10.00-$12.00 per share.

Who are Eco Wave Power Global AB (publ)'s major shareholders?

Top institutional shareholders of Eco Wave Power Global AB (publ) include Catalina Capital Group LLC (0.34%).

How do I buy shares of Eco Wave Power Global AB (publ)?

Shares of WAVE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Eco Wave Power Global AB (publ) own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Eco Wave Power Global AB (publ) investors own include Sangamo Therapeutics (SGMO), Salesforce (CRM), Johnson & Johnson (JNJ), Lowe's Companies (LOW), Merck & Co., Inc. (MRK), AbbVie (ABBV) and Chevron (CVX).

Company Calendar

• Last Earnings: 8/29/2024
• Today: 11/16/2024
• Next Earnings (Estimated): 12/05/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Oils/Energy
• Industry: Electric services
• Sub-Industry: Utilities
• Current Symbol: NASDAQ:WAVE
• CUSIP: N/A
• CIK: 1846715
• Web: www.ecowavepower.com
• Phone: 972-3509-4017
• Fax: N/A
• Employees: 12
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): ($0.36)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-1,710,000.00
• Net Margins: N/A
• Pretax Margin: -661.77%
• Return on Equity: -25.15%
• Return on Assets: -19.33%

Debt

• Debt-to-Equity Ratio: 0.01
• Current Ratio: 3.46
• Quick Ratio: 3.46

Sales & Book Value

• Annual Sales: $310,000.00
• Price / Sales: 117.45
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.41 per share
• Price / Book: 4.65

Miscellaneous

• Outstanding Shares: 5,550,000
• Free Float: 3,812,000
• Market Cap: $36.41 million
• Optionable: Not Optionable
• Beta: -0.71