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

Maxim Group assumed coverage on shares of Eco Wave Power Global AB (publ) (NASDAQ:WAVE) in a research report released on Tuesday, MarketBeat.com reports. The brokerage issued a buy rating and a $15.00 price target on the stock.

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

Eco Wave Power Global AB (publ) Stock Performance

Shares of Eco Wave Power Global AB (publ) stock opened at $7.01 on Tuesday. The stock’s fifty day moving average is $8.87 and its two-hundred day moving average is $8.35. The company has a market capitalization of $38.90 million, a PE ratio of -16.30 and a beta of -0.69. The company has a quick ratio of 3.26, a current ratio of 3.26 and a debt-to-equity ratio of 0.01. Eco Wave Power Global AB has a 52 week low of $1.01 and a 52 week high of $17.63.

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

Hedge Funds Weigh In On Eco Wave Power Global AB (publ)

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Veracity Capital LLC bought a new position in shares of Eco Wave Power Global AB (publ) during the 4th quarter worth $392,000. IPG Investment Advisors LLC grew its position in shares of Eco Wave Power Global AB (publ) by 161.3% during the 4th quarter. IPG Investment Advisors LLC now owns 30,050 shares of the company’s stock worth $331,000 after buying an additional 18,550 shares in the last quarter. Commonwealth Equity Services LLC bought a new position in shares of Eco Wave Power Global AB (publ) during the 4th quarter worth $330,000. Catalina Capital Group LLC grew its position in shares of 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 buying an additional 4,239 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of Eco Wave Power Global AB (publ) during the 4th quarter worth $30,000. Institutional investors own 0.57% of the company’s stock.

Eco Wave Power Global AB (publ) Company Profile

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.