Wave Life Sciences (NASDAQ:WVE) issued its quarterly earnings results on Friday. The company reported ($1.36) EPS for the quarter, missing the Zacks’ consensus estimate of ($1.19) by ($0.17), MarketWatch Earnings reports. Wave Life Sciences had a negative return on equity of 136.64% and a negative net margin of 1,017.43%. The firm had revenue of $3.03 million for the quarter, compared to analyst estimates of $9.66 million.
Shares of WVE stock traded up $0.39 on Friday, hitting $27.70. The company had a trading volume of 280,312 shares, compared to its average volume of 701,856. The stock has a market cap of $935.52 million, a PE ratio of -5.47 and a beta of 0.56. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.13. Wave Life Sciences has a twelve month low of $22.90 and a twelve month high of $56.00.
In other news, insider Paul Bolno sold 50,000 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $45.48, for a total value of $2,274,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael A. Panzara sold 7,000 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $48.00, for a total value of $336,000.00. The disclosure for this sale can be found here. Insiders own 44.20% of the company’s stock.
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About Wave Life Sciences
Wave Life Sciences Ltd., a clinical stage genetic medicine company, designs, optimizes, and produces of novel stereopure oligonucleotides through PRISM, a discovery and drug developing platform. The company is primarily developing oligonucleotides that target genetic defects to either reduce the expression of disease-promoting proteins or transform the production of dysfunctional mutant proteins into the production of functional proteins.
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