In the last trading session, 1.34 million Rezolute Inc (NASDAQ:RZLT) shares changed hands as the company’s beta touched 1.20. With the company’s per share price at $5.29 changed hands at $0.4 or 8.18% during last session, the market valuation stood at $295.87M. RZLT’s last price was a discount, traded about -15.31% off its 52-week high of $6.10. The share price had its 52-week low at $0.72, which suggests the last value was 86.39% up since then. When we look at Rezolute Inc’s average trading volume, we note the 10-day average is 0.28 million shares, with the 3-month average coming to 322.26K.
Analysts gave the Rezolute Inc (RZLT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.25. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended RZLT as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight.
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Rezolute Inc (NASDAQ:RZLT) trade information
Instantly RZLT was in green as seen at the end of in last trading. With action 9.75%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 433.00%, with the 5-day performance at 9.75% in the green. However, in the 30-day time frame, Rezolute Inc (NASDAQ:RZLT) is 10.44% up. Looking at the short shares, we see there were 1.08 million shares sold at short interest cover period of 2.32 days.
The consensus price target for the stock as assigned by Wall Street analysts is 14, meaning bulls need an upside of 62.21% from its current market value. According to analyst projections, RZLT’s forecast low is 11 with 15 as the target high. To hit the forecast high, the stock’s price needs a -183.55% plunge from its current level, while the stock would need to soar -107.94% for it to hit the projected low.
Rezolute Inc (RZLT) estimates and forecasts
Data shows that the Rezolute Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 84.97% over the past 6 months, a 7.52% in annual growth rate that is considerably lower than the industry average of 17.20%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 40.87%. The 2024 estimates are for Rezolute Inc earnings to increase by 6.87%.
RZLT Dividends
Rezolute Inc is expected to release its next quarterly earnings report in November.
Rezolute Inc (NASDAQ:RZLT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 11.39% of Rezolute Inc shares while 70.98% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 80.11%. There are 70.98% institutions holding the Rezolute Inc stock share, with FEDERATED HERMES, INC. the top institutional holder. As of 2024-06-30, the company held 22.1986% of the shares, roughly 11.28 million RZLT shares worth $48.5 million.
NANTAHALA CAPITAL MANAGEMENT, LLC holds the second largest percentage of outstanding shares, with 5.8845% or 2.99 million shares worth $12.86 million as of 2024-06-30.
