With 1.48 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.94 million shares. The 52-week range on WVE shows that it touched its highest point at $16.74 and its lowest point at $4.25 during that stretch. It currently has a 1-year price target of $22.91. Beta for the stock currently stands at -1.11.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WVE was down-trending over the past week, with a drop of -0.28%, but this was down by -10.88% over a month. Three-month performance dropped to -30.00% while six-month performance rose 84.15%. The stock gained 106.04% in the past year, while it has lost -14.55% so far this year. A look at the trailing 12-month EPS for WVE yields -0.79 with Next year EPS estimates of -0.98. For the next quarter, that number is -0.27. This implies an EPS growth rate of -40.82% for this year and 0.58% for next year. EPS is expected to grow by 4.92% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 34.27%.
Float and Shares Shorts:
At present, 153.04 million WVE shares are outstanding with a float of 122.14 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WVE since 3 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.85779 being high and -$1.36648 being low. For WVE, this leads to a yearly average estimate of -$1.13707. Based on analyst estimates, the high estimate for the next quarter is -$0.09 and the low estimate is -$0.29. The average estimate for the next quarter is thus -$0.24.
Summary of Insider Activity:
Insiders traded WVE stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.
