Zentalis Pharmaceuticals Inc (NASDAQ:ZNTL) Is Down -36.94% Over The Past 30 Days: Is There Trouble Ahead?

In last trading session, Zentalis Pharmaceuticals Inc (NASDAQ:ZNTL) saw 0.61 million shares changing hands with its beta currently measuring 1.64. Company’s recent per share price level of $11.35 trading at $0.13 or 1.16% at ring of the bell on the day assigns it a market valuation of $803.24M. That closing price of ZNTL’s stock is at a discount of -177.18% from its 52-week high price of $31.46 and is indicating a premium of 15.77% from its 52-week low price of $9.56. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.59 million shares which gives us an average trading volume of 1.02 million if we extend that period to 3-months.

For Zentalis Pharmaceuticals Inc (ZNTL), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.36. Splitting up the data highlights that, out of 11 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 9 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.93 in the current quarter.

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Zentalis Pharmaceuticals Inc (NASDAQ:ZNTL) trade information

Upright in the green during last session for gaining 1.16%, in the last five days ZNTL remained trading in the green while hitting it’s week-highest on Wednesday, 11/15/23 when the stock touched $11.35 price level, adding 9.35% to its value on the day. Zentalis Pharmaceuticals Inc’s shares saw a change of -43.64% in year-to-date performance and have moved 15.35% in past 5-day. Zentalis Pharmaceuticals Inc (NASDAQ:ZNTL) showed a performance of -36.94% in past 30-days. Number of shares sold short was 11.14 million shares which calculate 12.92 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $36.50 to the stock, which implies a rise of 68.9% to its current value. Analysts have been projecting $12.00 as a low price target for the stock while placing it at a high target of $52.00. It follows that stock’s current price would drop -358.15% in reaching the projected high whereas dropping to the targeted low would mean a loss of -5.73% for stock’s current value.

Zentalis Pharmaceuticals Inc (ZNTL) estimates and forecasts

Statistics highlight that Zentalis Pharmaceuticals Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -56.93% of value to its shares in past 6 months, showing an annual growth rate of -0.22% while that of industry is 14.80. Apart from that, the company came lowering its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to decrease by -1.10% in the current quarter and calculating 16.80% increase in the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -66.20% during past 5 years.

ZNTL Dividends

Zentalis Pharmaceuticals Inc is more likely to be releasing its next quarterly report on November 06 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Zentalis Pharmaceuticals Inc (NASDAQ:ZNTL)’s Major holders

Insiders are in possession of 2.73% of company’s total shares while institution are holding 102.09 percent of that, with stock having share float percentage of 104.96%. Investors also watch the number of corporate investors in a company very closely, which is 102.09% institutions for Zentalis Pharmaceuticals Inc that are currently holding shares of the company. Matrix Capital Management is the top institutional holder at ZNTL for having 13.96 million shares of worth $158.45 million. And as of Sep 29, 2023, it was holding 19.73% of the company’s outstanding shares.

The second largest institutional holder is FMR, LLC, which was holding about 9.49 million shares on Sep 29, 2023. The number of shares represents firm’s hold over 13.42% of outstanding shares, having a total worth of $107.76 million.

On the other hand, Mutual Fund Ser Tr-Eventide Healthcare & Life Sciences Fund and Smallcap World Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 4.0 million shares of worth $45.4 million or 5.65% of the total outstanding shares. The later fund manager was in possession of 3.81 million shares on Sep 29, 2023, making its stake of worth around $43.25 million in the company or a holder of 5.39% of company’s stock.

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