Eco Wave Power Global AB ADR (NASDAQ: WAVE) Emerges As Guiding Light For Investors

Eco Wave Power Global AB ADR (NASDAQ:WAVE) currently has a daily average trading volume of 115.80K but it saw 137926 shares traded in last market. With a market cap of 48.40M USD, the company’s current market price of $8.72 came falling about -11.92 while comparing to the previous closing price of $9.90. In past 52 weeks, the stock remained buoying in the range of price level as high as $17.63 and as low as $1.01. In the recent trading on the day, stock has struck highest price mark of $8.0 while lowest mark touched by it was $9.9.

Taking a look at 20-day trading activity of Eco Wave Power Global AB ADR (WAVE) gives us an average price of $12.93, while its current price level is -50.54% below from 52-week high level whereas it is 763.37% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $10.67 while that of 200 days or SMA-200 reads an average of $5.42. A closer look into the stock’s movement over the week reveals that its volatility is standing at 15.33% during that period while stretching the period over a month that increases to 17.72%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 36.73 which implies that the stock is in neutral territory.

Over the week, WAVE’s stock price is moving -20.73% down while it is -22.83% when we observe its performance for the past one month. Year-to-date it is -20.73% down and over the past year, the stock is showing an upside performance of 428.48%.

Currently, Eco Wave Power Global AB ADR’s total number of outstanding shares is 5.55M. Company’s return on investment (ROI) stands at -35.51% and return on equity (ROE) at -30.96%. Stock’s beta reads -0.66. Stock has a price to book (P/B) ratio of 7.82 while price to sale or P/S ratio amounts to 172.84. Its return on asset (ROA) is -23.86% on average.