Eco Wave Power Global (WAVE)
(Delayed Data from NSDQ)
$3.02 USD
-0.04 (-1.31%)
Updated May 17, 2024 03:59 PM ET
After-Market: $3.00 -0.02 (-0.66%) 7:58 PM ET
NA Value
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About PEG Ratio (TTM)
The company's trailing twelve month (TTM) PEG ratio is the P/E ratio divided by its long-term growth rate consensus. This ratio essentially compares the P/E to its growth rate, thus, for many, telling a more complete story than just the P/E ratio alone. Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). A value greater than 1, in general, is not as good (overvalued to its growth rate). For example, a company with a P/E ratio of 25 and a growth rate of 20% would have a PEG ratio of 1.25 (25 / 20 = 1.25). A company with a P/E ratio of 40 and a growth rate of 50% would have a PEG ratio of 0.80 (40 / 50 = 0.80). Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. But when compared to its growth rate, it doesn't have the earnings growth to justify its P/E. In this example, the one with the P/E of 40 is the better bargain because it is selling at a discount to its growth rate. So the PEG ratio tells you what you're paying for each unit of earnings growth.
WAVE 3.02 -0.04(-1.31%)
Will WAVE be a Portfolio Killer in May?
Zacks Investment Research is releasing its prediction for WAVE based on the 1-3 month trading system that more than doubles the S&P 500.
Other News for WAVE
Eco Wave Power Global AB (publ) (WAVE) Q1 2024 Earnings Call Transcript
Eco Wave Power Announces Q1 Financial Results; Progress with Projects in Israel, United States and Portugal, While Continuing to Present Decrease in Operating Expenses and Plans to Enhance Cash Flow
Eco Wave Power Advances with Global Energy Projects
VST, WAVE, ARIS, and GNE are among utility movers
WAVE, ENLT, UGI, and CREG are among utility movers