Eco Wave Power Global AB ADR (WAVE): The stock medium term indicators show it’s time to Buy

Eco Wave Power Global AB ADR (WAVE) saw downtrend of -15.42% in the recent trading with $9.82 being its most recent. The current price level -20.74% lower than the highest price of $12.39 marked by the stock while trading over the past 52-weeks, whereas it is 872.28% higher than the lowest price of $1.01 the company dropped to over past 52-weeks. The latest news story on WAVE appeared in (PR Newswire) under the title “Wave of Innovation: Eco Wave Power Debuts Israel’s First Wave Energy Project at Jaffa Port”.

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Squeezing the time span to 30 day period shows us the stock is currently trading -18.30% below one month high and is +63.39% above of the lowest during that time. Looking into the simple moving average, Eco Wave Power Global AB ADR (WAVE)’s stock stands at a SMA-50 of $7.32 while that of 5-day is reading $10.47.

Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and WAVE’s SMA-200 as of now is $3.92.

Eco Wave Power Global AB ADR Earnings – What Happened With WAVE

Coming around sales and income figures on WAVE Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.

WAVE – Eco Wave Power Global AB ADR Stock Earnings Estimates

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 5.55 million. WAVE does have institutional investors; and they hold 1.11% of the stock.

Eco Wave Power Global AB ADR – Insider Activity and Holdings

As on 2024-06-30, UBS GROUP AG was the top most holder in Eco Wave Power Global AB ADR (NASDAQ:WAVE) with an ownership of 43828.0 shares of the company or 0.7898 of the stake worth $0.13 million. The filing also reveals IPG INVESTMENT ADVISORS LLC as the second largest holder in the company with a control over 0.2072 of the outstanding shares. Its stake is worth $33580.0 for having 11500.0 shares in hand.

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Eco Wave Power Global AB ADR has a debt to equity ratio of 0.19.

Technical Analysis of Eco Wave Power Global AB ADR (NASDAQ:WAVE) stock

To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Eco Wave Power Global AB ADR (WAVE), we notice that the stock’s 20-day average volume is at 111,905 shares and 100% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 100% are spotting the stock at Buy with its 50-day average volume of 96,868 shares. And to end, WAVE’s 100-day average volume is 55,437 shares with 100% of the long-term indicators pointing towards Buy for the stock.