In last trading session, Zai Lab Limited ADR (NASDAQ:ZLAB) saw 1.03 million shares changing hands with its beta currently measuring 1.07. Company’s recent per share price level of $27.49 trading at $1.13 or 4.29% at ring of the bell on the day assigns it a market valuation of $2.72B. That closing price of ZLAB’s stock is at a discount of -13.57% from its 52-week high price of $31.22 and is indicating a premium of 50.96% from its 52-week low price of $13.48. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.75 million shares which gives us an average trading volume of 658.05K if we extend that period to 3-months.
For Zai Lab Limited ADR (ZLAB), 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 -0.76 in the current quarter.
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Zai Lab Limited ADR (NASDAQ:ZLAB) trade information
Upright in the green during last session for gaining 4.29%, in the last five days ZLAB remained trading in the green while hitting it’s week-highest on Friday, 10/18/24 when the stock touched $27.49 price level, adding 4.55% to its value on the day. Zai Lab Limited ADR’s shares saw a change of 0.59% in year-to-date performance and have moved 8.53% in past 5-day. Zai Lab Limited ADR (NASDAQ:ZLAB) showed a performance of 30.35% in past 30-days. Number of shares sold short was 4.86 million shares which calculate 7.37 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 75.5 to the stock, which implies a rise of 63.59% to its current value. Analysts have been projecting 50 as a low price target for the stock while placing it at a high target of 101. It follows that stock’s current price would drop -81.88% in reaching the projected high whereas dropping to the targeted low would mean a loss of -81.88% for stock’s current value.
Zai Lab Limited ADR (ZLAB) estimates and forecasts
Statistics highlight that Zai Lab Limited ADR is scoring comparatively lower than the scores of other players of the relevant industry. The company added 95.38% of value to its shares in past 6 months, showing an annual growth rate of 16.00% while that of industry is 17.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 49.50% from the last financial year’s standing.
6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 104.98M for the same. And 6 analysts are in estimates of company making revenue of 111.27M in the next quarter. Company posted 69.23M and 65.83M of sales in current and next quarters respectively a year earlier.
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 -16.93% during past 5 years.
Zai Lab Limited ADR (NASDAQ:ZLAB)’s Major holders
Insiders are in possession of 2.18% of company’s total shares while institution are holding 50.99 percent of that, with stock having share float percentage of 52.13%. Investors also watch the number of corporate investors in a company very closely, which is 50.99% institutions for Zai Lab Limited ADR that are currently holding shares of the company. WELLINGTON MANAGEMENT GROUP LLP is the top institutional holder at ZLAB for having 7.12 million shares of worth $123.47 million. And as of 2024-06-30, it was holding 7.3211 of the company’s outstanding shares.
The second largest institutional holder is JANUS HENDERSON GROUP PLC, which was holding about 6.53 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.7077 of outstanding shares, having a total worth of $113.13 million.
