With 0.89 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.51 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 $21.08. Beta for the stock currently stands at -1.03.
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 -2.12%, but this was up by 9.12% over a month. Three-month performance dropped to -41.43% while six-month performance fell -58.83%. The stock gained 9.49% in the past year, while it has lost -47.78% so far this year. A look at the trailing 12-month EPS for WVE yields -0.84 with Next year EPS estimates of -1.03. For the next quarter, that number is -0.26. This implies an EPS growth rate of -43.09% for this year and -3.24% for next year. EPS is expected to decline by -1.87% 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, 154.09 million WVE shares are outstanding with a float of 123.09 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 -$0.16 and the low estimate is -$0.31. The average estimate for the next quarter is thus -$0.26.
