Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Eco Wave Power Global AB (publ) (NASDAQ:WAVE) to a hold rating in a report released on Saturday morning.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Eco Wave Power Global AB (publ) in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $14.50.

Eco Wave Power Global AB (publ) Stock Performance

NASDAQ:WAVE opened at $8.20 on Friday. The stock has a market cap of $45.51 million, a P/E ratio of -15.18 and a beta of -0.47. The firm’s fifty day simple moving average is $8.24 and its 200 day simple moving average is $7.06. Eco Wave Power Global AB has a twelve month low of $4.41 and a twelve month high of $17.63. The company has a quick ratio of 3.38, a current ratio of 3.38 and a debt-to-equity ratio of 0.01.

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) last released its quarterly earnings results on Thursday, August 14th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.11). The company had revenue of $0.10 million for the quarter, compared to analyst estimates of $0.10 million.

About Eco Wave Power Global AB (publ)

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.