(WAVE) Eco Wave Power Global - Ratings and Ratios

Eco Wave Power Global AB (publ) is a pioneering wave energy company specializing in the development and deployment of innovative wave energy conversion (WEC) technology. This technology harnesses the kinetic energy of ocean and sea waves to generate clean, renewable electricity. The company has established a robust global presence, with a project pipeline totaling approximately 404.7 megawatts across multiple regions, including the United States, Sweden, Israel, Gibraltar, Greece, Portugal, China, and Australia. Its strategic agreements include power purchase agreements (PPAs), concession agreements, and other collaborative partnerships, positioning it as a key player in the marine renewable energy sector. The company, originally founded in 2011 under the name EWPG Holding AB (publ), rebranded as Eco Wave Power Global AB (publ) in June 2021 to reflect its expanded global ambitions and commitment to sustainability. Headquartered in Tel Aviv-Yafo, Israel, Eco Wave Power Global AB (publ) is at the forefront of advancing wave energy technology to address the growing demand for reliable and environmentally friendly energy solutions.

ticker symbol: WAVE, exchange: NASDAQ, type: common stock, country origin: Israel, gics sub industry: application software.

based on the provided and , the following 3-month forecast is generated:

technical outlook: the stock is currently trading below its SMA 20 (8.37) and SMA 50 (9.49), indicating short-term bearish momentum. however, it is trading slightly above its SMA 200 (6.53), suggesting long-term support. the ATR (0.98) indicates moderate volatility, which may lead to a potential price range of 5.82 to 7.78 in the near term. if the stock breaks below SMA 200, it could test lower levels. conversely, a breakout above SMA 50 may signal a trend reversal.

fundamental assessment: with a market cap of 43.82M USD and a P/S ratio of 192.74, the stock is trading at a premium, reflecting investor confidence in its growth potential. however, the negative RoE (-35.76) and the absence of P/E and forward P/E suggest the company is still in the development stage and has yet to demonstrate profitability. the high P/B ratio (8.36) indicates that investors are valuing the companys assets at a significant premium, which could pose a risk if growth expectations are not met. overall, the stock is speculative, with its performance heavily dependent on the execution of its project pipeline and the companys ability to achieve profitability.