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

Alliance Global Partners initiated coverage on shares of Eco Wave Power Global AB (publ) (NASDAQ:WAVE) in a research report sent to investors on Monday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $14.00 price target on the stock.

Eco Wave Power Global AB (publ) Price Performance

Shares of NASDAQ:WAVE opened at $7.51 on Monday. The firm has a market cap of $41.68 million, a price-to-earnings ratio of -17.47 and a beta of -0.72. Eco Wave Power Global AB has a 1 year low of $1.01 and a 1 year high of $17.63. The company has a current ratio of 3.26, a quick ratio of 3.26 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $11.17 and a 200 day simple moving average of $7.42.

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) last announced its quarterly earnings results on Thursday, November 21st. The company reported ($0.10) EPS for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Eco Wave Power Global AB (publ) stock. Catalina Capital Group LLC acquired a new position in Eco Wave Power Global AB (publ) (NASDAQ:WAVE) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 19,099 shares of the company’s stock, valued at approximately $113,000. Catalina Capital Group LLC owned 0.34% of Eco Wave Power Global AB (publ) as of its most recent filing with the Securities and Exchange Commission (SEC). 0.57% of the stock is owned by institutional investors.

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.