Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Now Covered by Analysts at Maxim Group

Stock analysts at Maxim Group initiated coverage on shares of Eco Wave Power Global AB (publ) (NASDAQ:WAVE) in a research report issued to clients and investors on Tuesday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $15.00 price target on the stock. Maxim Group’s price target points to a potential upside of 117.08% from the company’s current price.

Separately, Alliance Global Partners started coverage on Eco Wave Power Global AB (publ) in a research report on Monday, February 3rd. They set a “buy” rating and a $14.00 price objective on the stock.

Eco Wave Power Global AB (publ) Stock Performance

Shares of WAVE stock opened at $6.91 on Tuesday. Eco Wave Power Global AB has a 52 week low of $1.01 and a 52 week high of $17.63. The company has a market capitalization of $38.34 million, a price-to-earnings ratio of -16.07 and a beta of -0.69. The company has a 50-day simple moving average of $8.95 and a 200 day simple moving average of $8.32. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.26 and a current ratio of 3.26.

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) last posted its earnings results on Monday, March 3rd. The company reported ($0.12) EPS for the quarter. The firm had revenue of $0.17 million during the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in WAVE. Steward Partners Investment Advisory LLC bought a new stake in shares of Eco Wave Power Global AB (publ) in the fourth quarter valued at approximately $30,000. Catalina Capital Group LLC increased its stake in Eco Wave Power Global AB (publ) by 22.2% during the 4th quarter. Catalina Capital Group LLC now owns 23,338 shares of the company’s stock worth $257,000 after acquiring an additional 4,239 shares during the period. IPG Investment Advisors LLC raised its holdings in Eco Wave Power Global AB (publ) by 161.3% in the 4th quarter. IPG Investment Advisors LLC now owns 30,050 shares of the company’s stock valued at $331,000 after acquiring an additional 18,550 shares in the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of Eco Wave Power Global AB (publ) during the 4th quarter valued at $330,000. Finally, Veracity Capital LLC acquired a new stake in shares of Eco Wave Power Global AB (publ) during the 4th quarter worth $392,000. Institutional investors and hedge funds own 0.57% of the company’s stock.

About Eco Wave Power Global AB (publ)

Eco Wave Power Global AB (publ), a wave energy company, engages in the development of a wave energy conversion (WEC) technology that converts ocean and sea waves into clean electricity. The company also holds various agreements comprising power purchase agreements, concession agreements, and other agreements worldwide with pipeline of projects with approximately 404.7 megawatts.