Alert: Major Price Decline (3/18/24)-Wave Life Sciences Ltd (NASDAQ: WVE).

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Wave Life Sciences Ltd (NASDAQ: WVE) stock suffered a major decline of -12.8% on 3/18/24. The shares closed at $5.67. Moreover, trading volume in this decline was unusually high at 180% of normal. The stock has declined -16.4% during the last week but has been strong relative to the market over the last nine months.

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Current PriceTarget Research Rating

WVE’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to be a major Value Eraser.

Wave Life Sciences is currently unrated.

Rating Review

The stock is currently unrated.

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