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WVE

Wave Life Sciences USA, Inc.distress 1/10 · well-funded / low risk
$5.68-1%today-73% from 52w high
wavelifesciences.com317 employeesFounded 2012Singapore, SingaporeBiotechnology
Rare / Genetic 1
Lead: obesity · est. market ~$15B (approx, global)
Revenue
$38M
Liquidity
$570M
Runway
3.1 yrs
Shares 1y
+21%

Price & events

-58.9% over 6M
$5.66$10.51$15.36Jan 26Apr 26Jul 2650.2Mfinancing: 8-K material_agreement (2026-04-15)catalyst: WVE-006 (2026-07-01) — click to opencatalyst: WVE-007 (2026-06-30) — click to opencatalyst: PHASE2 WVE-007 (2026-06-30) — click to opencatalyst: WVE-006 (2026-06-30) — click to opencatalyst: PHASE2 WVE-007 (2026-06-30) — click to opencatalyst: WVE-006 (2026-06-30) — click to opencatalyst: PHASE1,PHASE2 WVE-N531 (2026-06-27) — click to opencatalyst: WVE-006 (2026-05-18) — click to opencatalyst: PHASE1,PHASE2 WVE-006 (2026-03-31) — click to opencatalyst: PHASE1,PHASE2 WVE-006 (2026-03-31) — click to opencatalyst: WVE-006 (2026-03-31) — click to opencatalyst: WVE-007 (2026-03-31) — click to openrating: Wells Fargo: Overweight (2026-05-20)rating: HC Wainwright & Co.: Buy (2026-05-19)rating: Citigroup: Buy (2026-05-04)rating: Canaccord Genuity: Buy (2026-04-30)rating: Truist Securities: Buy (2026-04-29)rating: HC Wainwright & Co.: Buy (2026-04-14)rating: Wells Fargo: Overweight (2026-03-27)rating: B of A Securities: Buy (2026-03-27)
CatalystRating changeDilutionFinancingdashed = today
-1.0%
1D
+0.3%
1W
-5.9%
1M
-22.2%
3M
-57.8%
6M
-33.6%
1Y
-9.3%
2Y
-2.7%
5Y
-31.4%
All

Overview

Market Cap
$1.09B
Volume
92.55K
52 Week Range
$5.66 – $21.31
Total Shares
192.38M
Float Shares
90.11M
Short %
13.48%
% Held by Insiders
15.88%
% Held by Institutions
82.82%
RVOL
0.03x
Beta
-1.29

Pipeline stages · 1 programs

WVE-N531
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved
next 2026-09

Pipeline · 5 trials · 3 upcoming

ReadoutPhaseDrugIndicationEnrollStatus
2026-09
Estimated 50%
readout ~2026-10-16
Phase 1/2WVE-006Alpha-1 Antitrypsin Deficiencyactive not recruiting
2027-12
Estimated 50%
readout ~2028-01-15
Phase 1/2WVE-007Overweight and Obesityrecruiting
2029-03
Estimated 50%
readout ~2029-04-15
Phase 2WVE-N531Duchenne Muscular Dystrophyenrolling by invitation
2026-06-27
Phase 1/2WVE-N531Duchenne Muscular Dystrophy26recruiting
2025-02-13
Phase 1WVE-006Alpha-1 Antitrypsin Deficiency (AATD)47completed

Catalyst news & presentations · 19

Approved drugs (0)

  • none — clinical-stage

Capital structure — dilution & financing

Shares out: 192,379,977 · 2 offerings/1y · 0 PIPEs
  • 2026-04-158-Kmaterial_agreement
  • 2025-12-118-Kmaterial_agreement
  • 2025-12-11424B5offering
  • 2025-12-08424B5offering
  • 2024-11-12SC 13G/Astrategic_stake
  • 2024-11-12SC 13G/Astrategic_stake
  • 2024-11-12S-3ASRshelf_registration
🔒 Positioning — Pro
Short interest / days-to-cover, insider buys & sells.
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🔒 Top holders — Pro
Institutional ownership + quarter-over-quarter accumulation/trimming.
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Wall St ratings

strong buy · target $22 (+286% upside) · 16 analysts
  • 2026-05-20Wells FargoOverweight
  • 2026-05-19HC Wainwright & Co.Buy
  • 2026-05-04CitigroupBuy
  • 2026-04-30Canaccord GenuityBuy
  • 2026-04-29Truist SecuritiesBuy
  • 2026-04-14HC Wainwright & Co.Buy

Competitors — obesity

  • LLYELI LILLY & Co$1094.4B · D3
  • AMGNAMGEN INC$195.4B · D3
  • GPCRStructure Therapeutics Inc.$11.2B · D4
  • RYTMRHYTHM PHARMACEUTICALS, INC.$7.0B · D0
  • MBXMBX Biosciences, Inc.$2.8B · D2
  • CRBPCorbus Pharmaceuticals Holdings, Inc.$164M · D7
  • GUTSFRACTYL HEALTH, INC.$123M · D9
  • VANIVivani Medical, Inc.$118M · D7
  • MTVAMetaVia Inc.$8M · D7
  • NONOFNOVO NORDISK A S · D2

Not financial advice. Data: ClinicalTrials.gov, SEC EDGAR, FINRA, Nasdaq, Yahoo.