WAVE Stock Summary and Trading Ideas (Eco Wave Power Global Ab (Publ) - American Depositary Shares | NASDAQ:WAVE)

Eco Wave Power Global AB is a Sweden-based wave energy company engaged in the development of a smart and cost-efficient wave energy conversion, or WEC, technology that converts ocean and sea waves into clean electricity. Its WEC technology employs units of point absorber floating devices, referred to as floaters, which are installed on existing marine structures such as piers, breakwaters, and jetties, or in locations in which such marine structures are required. Geographically, it has a presence in Israel, the USA, and Mexico.

Eco Wave Power Global Ab (Publ) - American Depositary Shares trades on the NASDAQ stock market under the symbol WAVE.

As of June 12, 2026, WAVE stock price declined to $7.66 with 2,989 million shares trading.

WAVE has a beta of 1.48, meaning it tends to be more sensitive to market movements. WAVE has a correlation of 0.08 to the broad based SPY ETF.

WAVE has a market cap of $44.69 million. This is considered a Sub-Micro Cap stock.

Last quarter Eco Wave Power Global Ab (Publ) - American Depositary Shares reported $0 in Revenue and -$.01 earnings per share. This fell short of revenue expectation by $-300,000 and exceeded earnings estimates by $.13.

In the last 3 years, WAVE traded as high as $17.63 and as low as $1.01.

WAVE has outperformed the market in the last year with a return of +32.3%, while the SPY ETF gained +24.6%. In the last 3 month period, WAVE beat the market returning +25.8%, while SPY returned +10.0%. However, in the most recent 2 weeks WAVE has underperformed the stock market by returning -11.4%, while SPY returned -1.7%.

WAVE support price is $7.21 and resistance is $8.27 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WAVE shares will trade within this expected range on the day.