Wave Life Sciences Ltd (NASDAQ: WVE) stock closed at $14.90 on 10/16/24 after a major increase of 74.1%. Moreover, trading volume in this advance was exceptionally high at 1016% of normal. The stock has risen 86.2% during the last week and has been exceptionally 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 good Power Rating of 81, 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.
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