Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Trading Down 1.7% – Here’s Why

Posted by ABMN Staff on Dec 4th, 2025

Eco Wave Power Global AB (publ) Unsponsored ADR (NASDAQ:WAVE – Get Free Report) dropped 1.7% during mid-day trading on Wednesday . The stock traded as low as $6.72 and last traded at $6.84. Approximately 8,116 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 16,248 shares. The stock had previously closed at $6.96.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Eco Wave Power Global AB (publ) in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of Eco Wave Power Global AB (publ) from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $14.50.

Get Our Latest Stock Report on Eco Wave Power Global AB (publ)

Eco Wave Power Global AB (publ) Stock Down 1.7%

The company has a market cap of $37.96 million, a price-to-earnings ratio of -11.40 and a beta of -0.48. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 0.01. The stock has a 50-day simple moving average of $7.72 and a 200-day simple moving average of $7.41.

Eco Wave Power Global AB (publ) (NASDAQ:WAVE – Get Free Report) last issued its quarterly earnings data on Wednesday, November 12th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.08). The company had revenue of $0.20 million for the quarter, compared to analyst estimates of $0.20 million.

About Eco Wave Power Global AB (publ)

(Get Free Report)

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.