Eco Wave Power Global AB ADR WAVE

Morningstar Rating
$7.51 −0.39 (5.00%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

WAVE is trading at a 369% premium.
Price
$7.51
Fair Value
$2.42
Uncertainty
Very High
1-Star Price
$66.52
5-Star Price
$6.72
Economic Moat
Cclv
Capital Allocation

News

Trading Information

Previous Close Price
$7.90
Day Range
$7.468.65
52-Week Range
$4.4110.50
Bid/Ask
$6.86 / $8.31
Shares Outstanding
5.84M
Market Cap
$43.83M
Volume/Avg
21,351 / 21,081

Key Statistics

Price/Earnings (Normalized)
Price/Sales
1,144.92
Dividend Yield (Trailing)
0.00%
Dividend Yield (Forward)
0.00%
Total Yield

Company Profile

Eco Wave Power Global AB is a Sweden-based wave energy company engaged in the development of a smart and cost-efficient wave energy conversion, or WEC, technology that converts ocean and sea waves into clean electricity. Its WEC technology employs units of point absorber floating devices, referred to as floaters, which are installed on existing marine structures such as piers, breakwaters, and jetties, or in locations in which such marine structures are required. Geographically, it has a presence in Israel, the USA, and Mexico.
Sector
Utilities
Industry
Utilities - Renewable
Stock Style Box
Small Core
Total Number of Employees
11

Valuation

Metric
WAVE
Price/Earnings (Normalized)
Price/Book Value
8.68
Price/Sales
1,144.92
Price/Cash Flow
Price/Earnings
No chart available

Financial Strength

Metric
WAVE
Quick Ratio
2.32
Current Ratio
2.43
Interest Coverage
−49.46
Quick Ratio
WAVE

Profitability

Metric
WAVE
Return on Assets (Normalized)
−44.88%
Return on Equity (Normalized)
−61.11%
Return on Invested Capital (Normalized)
−50.90%
Return on Assets
WAVE

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