On 9/24/24, Wave Life Sciences Ltd (NASDAQ: WVE) stock enjoyed a major increase of 53.4%, closing at $8.19. Moreover, this advance was accompanied by exceptionally high trading volume at 1678% of normal. The stock has risen 37.0% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
WVE’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
Wave Life Sciences has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Wave Life Sciences has a very low Appreciation Score of 1 but a slightly positive Power Rating of 69, with the Negative Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
Be the first to comment