Is Wave Life Sciences Ltd. (NASDAQ: WVE) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NASDAQ-listed company operates within the Biotechnology industry segment, falling under the Healthcare sector. The current market capitalization of Wave Life Sciences Ltd. is $703.34M. A total of 0.91 million shares were traded on the day, compared to an average of 897.13K shares.

In the most recent transaction, Moran Kyle sold 15,630 shares of WVE for 6.17 per share on Apr 03 ’24. After the transaction, the Chief Financial Officer now owns 33,921 company shares. In a previous transaction on Dec 11 ’23, RA CAPITAL MANAGEMENT, L.P. bought 1,000,000 shares at 5.00 per share. WVE shares that Director owns now total 19,202,009.

Among the insiders who bought shares, GSK plc acquired of 3,300,000 shares on Dec 07 ’23 at a per-share price of $5.00. This resulted in the 10% Owner holding 13,983,761 shares of WVE after the transaction. In another insider transaction, Moran Kyle sold 37,062 shares at $4.75 per share on Aug 23 ’23. Company shares held by the Chief Financial Officer now total 46,120.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, WVE has a high of $7.67 and a low of $3.15.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. WVE’s latest balance sheet shows that the firm has $150.56M in Cash & Short Term Investments as of fiscal 2021. There were $29.92M in debt and $64.20M in liabilities at the time. Its Book Value Per Share was $0.33, while its Total Shareholder’s Equity was $32.50M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WVE is Buy with a score of 4.50.

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