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WAVE
Stock ticker: NASDAQ
AS OF
Jun 13 closing price
Price
$5.72
Change
-$0.17 (-2.89%)
Capitalization
5.77M

WAVE Eco Wave Power Global AB (publ) Forecast, Technical & Fundamental Analysis

Eco Wave Power Global AB is a Sweden-based wave energy company engaged in the development of a smart and cost-efficient WEC, technology that converts ocean and sea waves into clean electricity... Show more

WAVE
Daily Signalchanged days ago
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A.I.Advisor
a Summary for WAVE with price predictions
Jun 13, 2025

WAVE sees MACD Histogram crosses below signal line

WAVE saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on June 11, 2025. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 30 instances where the indicator turned negative. In of the 30 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on June 11, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on WAVE as a result. In of 73 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

WAVE moved below its 50-day moving average on May 14, 2025 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where WAVE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

WAVE broke above its upper Bollinger Band on May 12, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

The Aroon Indicator entered an Uptrend today. In of 72 cases where WAVE Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. WAVE’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.799) is normal, around the industry mean (1.795). P/E Ratio (0.000) is within average values for comparable stocks, (104.132). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.824). Dividend Yield (0.000) settles around the average of (0.052) among similar stocks. WAVE's P/S Ratio (238.095) is very high in comparison to the industry average of (23.076).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. WAVE’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock worse than average.

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WAVE
Daily Signalchanged days ago
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A.I. Advisor
published Earnings

WAVE is expected to report earnings to rise 627.00% to -7 cents per share on August 14

Eco Wave Power Global AB (publ) WAVE Stock Earnings Reports
Q2'25
Est.
$-0.07
Q1'25
Est.
$-0.01
Q4'24
Est.
$-0.01
The last earnings report on May 08 showed earnings per share of 0 cents, meeting the estimate of 0 cents. With 6.23K shares outstanding, the current market capitalization sits at 5.77M.
A.I. Advisor
published General Information

General Information

Industry AlternativePowerGeneration

Profile
Fundamentals
Details
Industry
N/A
Address
52 Derech Menachem Begin Street
Phone
+972 35094017
Employees
12
Web
https://www.ecowavepower.com
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WAVE and Stocks

Correlation & Price change

A.I.dvisor tells us that WAVE and RNW have been poorly correlated (+20% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that WAVE and RNW's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To WAVE
1D Price
Change %
WAVE100%
-2.89%
RNW - WAVE
20%
Poorly correlated
-0.15%
OEZVY - WAVE
20%
Poorly correlated
+3.34%
ENLT - WAVE
19%
Poorly correlated
+0.21%
NRGV - WAVE
17%
Poorly correlated
-4.54%
FLNC - WAVE
10%
Poorly correlated
+3.30%
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