Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Releases Earnings Results, Beats Expectations By $0.01 EPS

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) issued its earnings results on Thursday. The company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.01, FiscalAI reports.

Eco Wave Power Global AB (publ) Stock Up 1.1%

Shares of NASDAQ WAVE opened at $6.16 on Thursday. The stock has a market cap of $34.16 million, a P/E ratio of -10.26 and a beta of -0.46. The business’s fifty day simple moving average is $5.33 and its 200-day simple moving average is $6.82. Eco Wave Power Global AB has a 12-month low of $4.41 and a 12-month high of $9.87. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 0.01.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Eco Wave Power Global AB (publ) stock. SmartHarvest Portfolios LLC purchased a new position in shares of Eco Wave Power Global AB (publ) Unsponsored ADR (NASDAQ:WAVE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 13,361 shares of the company’s stock, valued at approximately $78,000. SmartHarvest Portfolios LLC owned about 0.24% of Eco Wave Power Global AB (publ) as of its most recent SEC filing. 0.57% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Eco Wave Power Global AB (publ) in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Eco Wave Power Global AB (publ) Company Profile

Eco Wave Power Global AB (publ) develops and commercializes technology that harnesses the energy of ocean and sea waves to generate electricity. The company’s modular, floating wave energy converters attach to existing maritime structures such as breakwaters and piers, converting vertical wave motion into electrical power through hydraulic systems and generators. This approach is designed to minimize environmental impact while delivering a predictable renewable energy source.

Founded in 2011 by CEO Inna Braverman, Eco Wave Power has secured patent protection for its core wave energy technology and completed its first grid-connected installation in Gibraltar in 2016.