WAVE Life Sciences Ltd. (WVE) is one of the best performing stocks in the health care sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on September 22. Shares of WVE have climbed 4.51% about 30 minutes into the session to $30.59 after closing the day prior at $29.27. It’s early, but the stock has traded as high as $31.2 and as low as $29.25 so far. Today’s quick advance has come with about 7,980 shares changing hands, compared to an average 30-day volume of 55,546 for WAVE Life Sciences Ltd.. The price is currently below the 30-day volume weighted average price of $29.83 for WVE.
The share appreciation gives the company a market capitalization of $686.1 million based upon 23.44 million shares outstanding. It also means that WVE has a price-to-book ratio of 4.13:1 and a price-to-earnings ratio of :1.
In the past 52 weeks, shares of WVE have traded as low as $8.95 and as high as $29.51. Technical traders will take note that at $30.59, shares of WVE are trading above their 200-day MA at $17.03 and above their 50-day MA at $22.66. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is WVE?
WAVE Life Sciences Ltd is a preclinical biopharmaceutical company. It is engaged in the research & experimental development of biotechnology & chemicals, conducting preclinical testing, recruiting personnel & providing support development activities. The company’s 41 employees are led by CEO Paul B. Bolno from the corporate headquarters at 8 Cross Street No. 10-00.
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