What Makes Wave Life Sciences (WVE) a Strong Momentum Stock: Buy Now?

Group 1: Company Overview - Wave Life Sciences (WVE) currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy) [1][2] - The company has seen significant price increases, with shares up 77.82% over the past week and 81.07% over the past month [3] - Over the last quarter, WVE shares have increased by 126.07%, and by 165.29% over the past year, outperforming the S&P 500's gains of 5.5% and 40.28% respectively [3] Group 2: Market Performance - The Zacks Medical - Biomedical and Genetics industry has only increased by 2.24% over the past week and 1.44% over the past month, indicating WVE's strong relative performance [3] - WVE's average 20-day trading volume is 2,990,580 shares, which is a bullish indicator when combined with rising stock prices [3] Group 3: Earnings Outlook - In the past two months, 2 earnings estimates for WVE have moved higher, while none have moved lower, resulting in an increase in the consensus estimate from -$1.05 to -$1.01 [4] - For the next fiscal year, 3 estimates have been revised upwards with no downward revisions, indicating positive sentiment around future earnings [4]