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WAVE
Stock ticker: NASDAQ
AS OF
Apr 25 closing price
Price
$6.26
Change
+$0.01 (+0.16%)
Capitalization
5.77M

WAVE Eco Wave Power Global AB (publ) Forecast, Technical & Fundamental Analysis

Eco Wave Power Global AB is a Sweden-based wave energy company engaged in the development of a smart and cost-efficient WEC, technology that converts ocean and sea waves into clean electricity... Show more

WAVE
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for WAVE with price predictions
Apr 25, 2025

WAVE's RSI Oscillator climbs out of oversold territory

The RSI Indicator for WAVE moved out of oversold territory on April 11, 2025. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 17 similar instances when the indicator left oversold territory. In of the 17 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on April 23, 2025. You may want to consider a long position or call options on WAVE as a result. In of 71 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for WAVE just turned positive on April 16, 2025. Looking at past instances where WAVE's MACD turned positive, the stock continued to rise in of 28 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where WAVE advanced for three days, in of 186 cases, the price rose further within the following month. The odds of a continued upward trend are .

WAVE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where WAVE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for WAVE entered a downward trend on April 21, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. WAVE’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.799) is normal, around the industry mean (1.844). P/E Ratio (0.000) is within average values for comparable stocks, (104.447). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.824). Dividend Yield (0.000) settles around the average of (0.051) among similar stocks. WAVE's P/S Ratio (238.095) is very high in comparison to the industry average of (22.824).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. WAVE’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock worse than average.

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WAVE
Daily Signalchanged days ago
Gain/Loss if bought
Show more...
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A.I. Advisor
published Earnings

WAVE is expected to report earnings to fall 9.09% to 0 cents per share on May 19

Eco Wave Power Global AB (publ) WAVE Stock Earnings Reports
Q1'25
Est.
$-0.01
Q4'24
Est.
$-0.01
The last earnings report on March 03 showed earnings per share of -1 cents, missing the estimate of 0 cents. With 48.59K shares outstanding, the current market capitalization sits at 5.77M.
A.I. Advisor
published General Information

General Information

Industry AlternativePowerGeneration

Profile
Fundamentals
Details
Industry
N/A
Address
52 Derech Menachem Begin Street
Phone
+972 35094017
Employees
12
Web
https://www.ecowavepower.com
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WAVE and Stocks

Correlation & Price change

A.I.dvisor tells us that WAVE and ENLT have been poorly correlated (+19% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that WAVE and ENLT's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To WAVE
1D Price
Change %
WAVE100%
+0.16%
ENLT - WAVE
19%
Poorly correlated
+1.89%
NRGV - WAVE
14%
Poorly correlated
+3.87%
NOSPF - WAVE
12%
Poorly correlated
N/A
BEPC - WAVE
10%
Poorly correlated
+0.86%
OEZVY - WAVE
10%
Poorly correlated
N/A
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