Wave Life Sciences Ltd. (NASDAQ:WVE) shares traded -1.95% lower at $14.61 on Wall Street last session.
WVE stock price is now 111.73% away from the 50-day moving average and 150.98% away from the 200-day moving average. The market capitalization of the company currently stands at $2.26B.
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With the price target maintained at $22, Raymond James recently Upgraded its rating from Outperform to Strong Buy for Wave Life Sciences Ltd. (NASDAQ: WVE). , while ‘B. Riley Securities’ rates the stock as ‘Buy’
In other news, CHRISTOPHER FRANCIS, Officer bought 208,836 shares of the company’s stock on Oct 16 ’24. The stock was bought for $2,855,051 at an average price of $13.67. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 16 ’24, Officer PAUL BOLNO bought 90,474 shares of the business’s stock. A total of $1,357,110 was incurred on buying the stock at an average price of $15.00. A total of 22.49% of the company’s stock is owned by insiders.
During the past 12 months, Wave Life Sciences Ltd. has had a low of $3.50 and a high of $15.54. As of last week, the company has a debt-to-equity ratio of 6.56, a current ratio of 0.99, and a quick ratio of 0.99. The fifty day moving average price for WVE is $6.9004 and a two-hundred day moving average price translates $5.8213 for the stock.
The latest earnings results from Wave Life Sciences Ltd. (NASDAQ: WVE) was released for 2024-06-30. The net profit margin was -66.73% and return on equity was -1928.16% for WVE. The company reported revenue of $19.69 million for the quarter, compared to $22.11 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.92 percent.
