Wave Life Sciences Ltd. [NASDAQ: WVE] gained 2.68% on the last trading session, reaching $4.21 price per share at the time. The company report on November 10, 2022 that Wave Life Sciences Reports Third Quarter 2022 Financial Results and Provides Business Update.
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Announced positive update in third quarter from SELECT-HD trial in HD; single doses of WVE-003 appeared generally safe and well-tolerated and suggested allele-selective reduction of mHTT protein in CSF.
Multidosing underway in Phase 1b/2a trial of WVE-N531 in boys with DMD amenable to exon 53 skipping; muscle biopsy data from initial cohort on track for 4Q 2022.
Wave Life Sciences Ltd. represents 93.90 million in outstanding shares, while the company has a total market value of $343.87 million with the latest information. WVE stock price has been found in the range of $4.085 to $4.35.
If compared to the average trading volume of 322.18K shares, WVE reached a trading volume of 494561 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Wave Life Sciences Ltd. [WVE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WVE shares is $7.86 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WVE stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
H.C. Wainwright have made an estimate for Wave Life Sciences Ltd. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 15, 2020. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price to Sector Perform. The new note on the price target was released on October 23, 2020, representing the official price target for Wave Life Sciences Ltd. stock. Previously, the target price had yet another drop from $33 to $10, while SVB Leerink kept a Mkt Perform rating on WVE stock.
The Average True Range (ATR) for Wave Life Sciences Ltd. is set at 0.49, with the Price to Sales ratio for WVE stock in the period of the last 12 months amounting to 81.87.
Trading performance analysis for WVE stock
Wave Life Sciences Ltd. [WVE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 26.43. With this latest performance, WVE shares dropped by -7.68% in over the last four-week period, additionally plugging by 231.50% over the last 6 months – not to mention a rise of 6.05% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WVE stock in for the last two-week period is set at 52.03, with the RSI for the last a single of trading hit 54.88, and the three-weeks RSI is set at 51.72 for Wave Life Sciences Ltd. [WVE]. The present Moving Average for the last 50 days of trading for this stock 4.13, while it was recorded at 4.01 for the last single week of trading, and 2.90 for the last 200 days.
Wave Life Sciences Ltd. [WVE]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Wave Life Sciences Ltd. [WVE] shares currently have an operating margin of -310.07. Wave Life Sciences Ltd.’s Net Margin is presently recorded at -298.42.
Return on Equity for this stock declined to -186.60, with Return on Assets sitting at -50.28.
Wave Life Sciences Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.00 and a Current Ratio set at 2.00.
An analysis of insider ownership at Wave Life Sciences Ltd. [WVE]
There are presently around $283 million, or 78.60% of WVE stock, in the hands of institutional investors. The top three institutional holders of WVE stocks are: RA CAPITAL MANAGEMENT, L.P. with ownership of 17,202,009, which is approximately 0% of the company’s market cap and around 16.24% of the total institutional ownership; M28 CAPITAL MANAGEMENT LP, holding 7,982,204 shares of the stock with an approximate value of $33.6 million in WVE stocks shares; and MAVERICK CAPITAL LTD, currently with $32.86 million in WVE stock with ownership of nearly 0% of the company’s market capitalization.
Positions in Wave Life Sciences Ltd. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 32 institutional holders increased their position in Wave Life Sciences Ltd. [NASDAQ:WVE] by around 3,973,805 shares. Additionally, 24 investors decreased positions by around 4,449,842 shares, while 15 investors held positions by with 58,908,729 shares. The mentioned changes placed institutional holdings at 67,332,376 shares, according to the latest SEC report filing. WVE stock had 12 new institutional investments in for a total of 2,122,451 shares, while 8 institutional investors sold positions of 577,852 shares during the same period.