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Eco Wave Power Global ABWAVE -2.88%34 3-1 Month Momentum % is 8.79% as of Aug. 14, 2026. GuruFocus rates WAVE with a GF Score™ of 34/100 and a GF Value™ of $1.57 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 541 Utilities - Independent Power Producers companies, Eco Wave Power Global AB ranks better than 67.84% on this metric.
3-1 Month Momentum % is the total return of the stock from 3-month ago to 1-month ago. As of today (2026-08-14), Eco Wave Power Global AB's 3-1 Month Momentum % is 8.79%.
The industry rank for Eco Wave Power Global AB's 3-1 Month Momentum % or its related term are showing as below:
Eco Wave Power Global AB (NAS:WAVE) 3-1 Month Momentum % Explanation
Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 3-1 Month Momentum % measures the total return to a stock over the past three months, but ignores the previous month.
The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.
Eco Wave Power Global AB 3-1 Month Momentum % Related Terms
WAVE vs STEM, NXXT, AGIG: 3-1 Month Momentum % Comparison
For the Utilities - Renewable subindustry, Eco Wave Power Global AB's 3-1 Month Momentum %, along with its competitors' market caps and 3-1 Month Momentum % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Eco Wave Power Global AB 3-1 Month Momentum % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Eco Wave Power Global AB's 3-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Eco Wave Power Global AB's 3-1 Month Momentum % falls into.
Eco Wave Power Global AB (NAS:WAVE) 3-1 Month Momentum % Calculation
3-1 Month Momentum % is calculated as following:
3-1 Month Momentum %
=
( Price 1-month ago
/
Price 3-month ago
- 1 )
*
100 %
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Eco Wave Power Global AB (WAVE) has a 3-1 Month Momentum % of 8.79% as of Aug. 14, 2026. 3-1 Month Momentum measures the total return of the stock from 3-month ago to 1-month ago. View historical data on Eco Wave Power Global AB and its competitors. According to the industry distribution chart, Eco Wave Power Global AB ranks #174 out of 541 companies in the Utilities - Independent Power Producers industry, placing it in the top 32.2%.
Is Eco Wave Power Global AB's 3-1 Month Momentum % too high?
Eco Wave Power Global AB's current 3-1 Month Momentum % is 8.79%. Based on the distribution chart, Eco Wave Power Global AB ranks #174 out of 541 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Eco Wave Power Global AB has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Eco Wave Power Global AB's 3-1 Month Momentum % compare to STEM and NXXT?
According to the Utilities - Independent Power Producers industry distribution chart, Eco Wave Power Global AB ranks #174 out of 541 companies for 3-1 Month Momentum %. This puts Eco Wave Power Global AB in the upper half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-1 Month Momentum % for an Utilities - Independent Power Producers company?
A good 3-1 Month Momentum % depends on the Utilities - Independent Power Producers industry context. However, 3-1 Month Momentum % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-1 Month Momentum % mean?
A high 3-1 Month Momentum % can signal that a stock is expensive relative to its fundamentals. 3-1 Month Momentum measures the total return of the stock from 3-month ago to 1-month ago. View historical data on Eco Wave Power Global AB and its competitors. Eco Wave Power Global AB's current 3-1 Month Momentum % is 8.79%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eco Wave Power Global AB stock overvalued right now?
Based on GuruFocus' analysis, Eco Wave Power Global AB (WAVE) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.57, compared to a current price of $7.08 — trading 351% above its estimated fair value. The current 3-1 Month Momentum % is 8.79%. Eco Wave Power Global AB's overall GF Score™ is 34/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-1 Month Momentum % calculated?
3-1 Month Momentum % is calculated from a company's financial statements. For Eco Wave Power Global AB (WAVE), the current 3-1 Month Momentum % is 8.79% as of Aug. 14, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Eco Wave Power Global AB (WAVE) Overvalued in 2026?
Based on GuruFocus' analysis, Eco Wave Power Global AB stock appears to be overvalued.
The current stock price of $7.08 is trading 351% above its estimated GF Value™ of $1.57.
GuruFocus considers Eco Wave Power Global AB to be Significantly Overvalued.
Key valuation signals for WAVE:
3-1 Month Momentum %: 8.79%
GF Value™: $1.57 vs. price of $7.08 (351% above fair value)
No single metric tells the full story. See the WAVE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eco Wave Power Global AB is a Sweden-based wave energy company engaged in the development of a smart and cost-efficient wave energy conversion, or WEC, technology that converts ocean and sea waves into clean electricity. Its WEC technology employs units of point absorber floating devices, referred to as floaters, which are installed on existing marine structures such as piers, breakwaters, and jetties, or in locations in which such marine structures are required. Geographically, it has a presence in Israel, the USA, and Mexico.
34GF Score
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