Wave Life Sciences, Inc. (WVE) Stock Price & Analysis

Wave Life Sciences, Inc. (WVE) is trading at USD 3.2, down 4.63% today, as of October 23, 2026 at 14:20 UTC (US market open; quotes may be delayed), according to Nexqual market data.

WVE last closed at USD 3.2; today's session has ranged USD 3.19–3.34 on volume of 288,037 shares. Market capitalization is —, with a 52-week range of USD 3.04–21.73 (NGM). Source: Nexqual, retrieved October 23, 2026 at 14:21 UTC.

Also available as compact Markdown for AI agents: nexqual.com/WVE.md

Key facts (WVE)

Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (WVE)

USDFY2021FY2022FY2023FY2024FY2025TTM
Revenue$41.0M$3.6M$113M$108M$42.7M—
Operating income-$127M-$163M-$68.0M-$110M-$215M-$218M
Net income-$122M-$162M-$57.5M-$97.0M-$204M-$202M
EPS (diluted)-$2.36-$2.05-$0.54-$0.70-$1.21—
Free cash flow-$89.6M-$129M-$20.5M-$152M-$188M-$193M
Operating margin-310.1%-4459.3%-60.0%-101.9%-504.1%—
Net margin-298.4%-4434.7%-50.8%-89.6%-478.3%—
Revenue growth+104.0%-91.1%+3005.1%-4.4%-60.5%—
Cash + short-term investments$151M——$302M$602M—

Fiscal years end Dec. EPS is split-adjusted.

Valuation (price ÷ last four quarters, through Jun 30, 2026) (WVE)

Superinvestors (SEC 13F-HR, Q2 2026) (WVE)

1 of 80 tracked investors hold WVE. Each row is the investor's latest 13F; change is vs their prior-quarter share count.

InvestorFirm% of portfolioValueChange
Lee AinslieMaverick Capital0.54%$59.7MAdded +1.1%

Insider sales (SEC Form 4, open-market, last ~7 months) (WVE)

4 of 4 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.

Trade dateInsiderRoleSharesValue% of holdings sold10b5-1 planInsider type
2026-08-12Rawcliffe AdrianDirector12,700$67K100%Yes (adopted March 6, 2026)Too little history (no open-market trades in 2023 or 2024)
2026-08-11Wagner Heidi LDirector7,000$42K13.5%Yes (adopted March 6, 2026)Too little history (no open-market trades in 2023 or 2024)
2026-08-11Takanashi KenDirector3,864$23K0%YesToo little history (no open-market trades in 2023 or 2024)
2026-08-11Tan Aik NaDirector432$3K1.7%YesToo little history (no open-market trades in 2023 or 2024)

% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).

Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

Analysts (WVE)

Rating changes, last 120 days:

DateFirmActionRatingPrice target
2026-10-16William BlairInitiatedOutperform
2026-10-15UBSInitiatedBuy$11
2026-10-01Ladenburg ThalmannInitiatedBuy$10
2026-09-23JP MorganDowngradeOverweight → Neutral
2026-08-04MizuhoTarget loweredOutperform$27 → $23
2026-07-31CitigroupTarget loweredBuy$24 → $19
2026-07-31B. Riley SecuritiesTarget loweredBuy$31 → $22
2026-07-31WedbushTarget loweredOutperform$15 → $12

Total return (dividends reinvested) (WVE)

1Y (from 2025-10-23)5Y (from 2021-10-25)
Total return-54.8%-30.5%
S&P 500 (SPY)+14.4%+77.0%
Per year-54.8%-7.0%
Volatility (annualized)130.4%96.8%
Max drawdown-85.5% (Dec 2025→Oct 2026)-82.4% (Dec 2025→Oct 2026)

WVE suppliers, customers and competitors (named in its 10-K)

RelationshipCompanySentence in the filing
PartnerTAKEDA PHARMACEUTICAL CO LTD (TAK)“We recognize collaboration revenue under the GSK Collaboration Agreement, which became effective in January 2023, and the Takeda Collaboration Agreement, which became effective in April 2018 and expired in the fourth quarter of 2024, (both of which are defined in Note 5 in the notes to the consolidated financial statements appearing elsewhere in this Annual Report on Form 10-K).”
PartnerBIO-TECHNE Corp (TECH)“In November 2019, we entered into an agreement with Asuragen (which was acquired by Bio-Techne Corporation in April 2021), a molecular diagnostics company, for the development and potential commercialization of companion diagnostics for our investigational allele-selective therapeutic programs targeting HD.”

Quoted from the company's 10-K filed Feb 26, 2026.

Companies that name WVE in their SEC reports

Relationship to WVECompanyFilingSentence
partnerTAKEDA PHARMACEUTICAL CO LTD (TAK)20-F Jun 17, 2026“In February 2018, Takeda entered into an agreement with Wave to discover, develop and commercialize nucleic acid therapies for disorders of the central nervous system (CNS).”
partnerALNYLAM PHARMACEUTICALS, INC. (ALNY)10-K Feb 12, 2026“Companies working on chemically synthesized siRNAs include but are not limited to ADARx Pharmaceuticals, Inc., or ADARx, Amgen Inc., Argo Biopharmaceutical Co., Ltd., or Argo, Aro Biotherapeutics, Arrowhead Pharmaceuticals, Inc., or Arrowhead, AstraZeneca plc, or AstraZeneca, Dyne Therapeutics, Inc., Eli Lilly and Company, GlaxoSmithKline plc, Novartis, Novo Nordisk A/S, or Novo Nordisk, SanegeneBio, Sarepta Thera…”

WVE company outlook (results filed Jul 30, 2026)

Quoted word-for-word from the SEC 8-K results press release.

WVE analyst estimates and revisions

PeriodEPS estimate90 days agoChangeRevenue estimateAnalysts
Current quarter (ends Sep 2026)$-0.32$-0.31+5.5%$4.4M17
Next quarter (ends Dec 2026)$-0.32$-0.07+383.4%$5.8M16
Current fiscal year (ends Dec 2026)$-1.10$-0.84+31.9%$50.6M17
Next fiscal year (ends Dec 2027)$-1.17$-1.08+7.6%$35.2M18

WVE options: expected move

Options price a move of about ±49.4% (±$1.68) by Nov 20, 2026, which includes earnings on Oct 27, 2026. Over the last 8 reports the stock moved ±3.8% on average.

ExpirationDaysATM implied volatilityExpected move
Nov 20, 202628229.4%±49.4%
Dec 18, 202656133.2%±23.6%
Jan 15, 202784193.8%±74.0%
Apr 16, 2027175117.2%±71.5%
Jun 17, 2027237101.8%±78.9%

30-day implied volatility 130.1% vs 53.6% realized over the last 30 trading days. Put/call ratio (volume) 0.01. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.

Key Statistics (as of October 23, 2026 at 14:21 UTC)

PriceUSD 3.2
Change▼ 4.63% (down)
Previous CloseUSD 3.2
OpenUSD 3.2
Day RangeUSD 3.19 – 3.34
52-Week RangeUSD 3.04 – 21.73
Volume288,037 shares
Market Cap—
ExchangeNGM

Technical Analysis (WVE)

Nexqual's technical model rates WVE "SELL" based on 2 bullish and 5 bearish signals across 128 daily candles, as of October 23, 2026 at 14:21 UTC.

Overall SignalSELL
RSI (14)29.7 (oversold)
vs SMA50Below (USD 4.24)
MACD-0.29 (negative)

Earnings (WVE)

Next Earnings Date2026-10-27
EPS EstimateUSD -0.32
Revenue Estimate$4.39M

Recent Earnings History

QuarterActual vs Estimate
2026-06-30USD -0.34 vs est -0.3 ▼ miss
2026-03-31USD -0.13 vs est -0.31 ▲ beat
2025-12-31USD -0.3 vs est -0.26 ▼ miss
2025-09-30USD -0.32 vs est -0.3 ▼ miss

Source: Nexqual, October 23, 2026 at 14:21 UTC.

Financials & Fundamentals (WVE)

Total Revenue$65.37M
Revenue Growth (latest quarter, YoY)-73.90%
Gross Margin-202.00%
Operating Margin-3248.33%
Profit Margin+0.00%
ROE-67.42%
Debt / Equity0.1
Current Ratio9.99
Total Cash$490.60M
Total Debt$43.59M

Source: Nexqual, October 23, 2026 at 14:21 UTC.

Ownership (WVE)

Insider Ownership+15.58%
Institutional Ownership+85.62%
Shares Outstanding197.05M
Float94.53M
Short % of Float+11.62%

Source: Nexqual, October 23, 2026 at 14:21 UTC.

From Wave Life Sciences, Inc.'s Latest SEC 10-K Filing (filed 2026-02-26)

Key Strengths & Strategy (as disclosed to the SEC)

Partnerships

Legal & Regulatory Risks (Item 1A, quoted)

Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.

Peers & Related Stocks

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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 14:21 UTC. This page is informational and not investment advice.

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