The 12-Month Price Target For LENZ Therapeutics Inc. (NASDAQ:LENZ) Is Now 36.

In last trading session, LENZ Therapeutics Inc. (NASDAQ:LENZ) saw 0.4 million shares changing hands with its beta currently measuring 0.48. Company’s recent per share price level of $24.04 trading at $1.79 or 8.04% at ring of the bell on the day assigns it a market valuation of $661.10M. That closing price of LENZ’s stock is at a discount of -7.2% from its 52-week high price of $25.77 and is indicating a premium of 60.44% from its 52-week low price of $9.51. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.17 million shares which gives us an average trading volume of 155.95K if we extend that period to 3-months.

For LENZ Therapeutics Inc. (LENZ), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.14. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.46 in the current quarter.

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LENZ Therapeutics Inc. (NASDAQ:LENZ) trade information

Upright in the green during last session for gaining 8.04%, in the last five days LENZ remained trading in the green while hitting it’s week-highest on Friday, 09/27/24 when the stock touched $24.04 price level, adding 4.94% to its value on the day. LENZ Therapeutics Inc.’s shares saw a change of 93.88% in year-to-date performance and have moved 7.37% in past 5-day. LENZ Therapeutics Inc. (NASDAQ:LENZ) showed a performance of 8.78% in past 30-days. Number of shares sold short was 1.92 million shares which calculate 13.62 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 34 to the stock, which implies a rise of 29.29% to its current value. Analysts have been projecting 32 as a low price target for the stock while placing it at a high target of 36. It follows that stock’s current price would drop -33.11% in reaching the projected high whereas dropping to the targeted low would mean a loss of -33.11% for stock’s current value.

LENZ Therapeutics Inc. (LENZ) estimates and forecasts

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 -483.52% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 63.51% while estimates for its earnings growth in next 5 years are of 25.90%.