During the recent session, Zai Lab Limited ADR (NASDAQ:ZLAB)’s traded shares were 0.46 million, with the beta value of the company hitting 1.04. At the last check today, the stock’s price was $30.67, reflecting an intraday gain of 1.51% or $0.45. The 52-week high for the ZLAB share is $36.60, that puts it down -19.33 from that peak though still a striking 56.05% gain since the share price plummeted to a 52-week low of $13.48. The company’s market capitalization is $3.04B, and the average intraday trading volume over the past 10 days was 1.15 million shares, and the average trade volume was 747.74K shares over the past three months.
Zai Lab Limited ADR (ZLAB) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.13. ZLAB has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.78.
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Zai Lab Limited ADR (NASDAQ:ZLAB) trade information
Zai Lab Limited ADR (ZLAB) registered a 1.51% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.51% in intraday trading to $30.67, hitting a weekly high. The stock’s 5-day price performance is -5.24%, and it has moved by 24.59% in 30 days. Based on these gigs, the overall price performance for the year is 23.94%. The short interest in Zai Lab Limited ADR (NASDAQ:ZLAB) is 4.75 million shares and it means that shorts have 6.91 day(s) to cover.
The consensus price target of analysts on Wall Street is $75.5, which implies an increase of 59.38% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $50 and $101 respectively. As a result, ZLAB is trading at a discount of -229.31% off the target high and -63.03% off the low.
Zai Lab Limited ADR (ZLAB) estimates and forecasts
Statistics show that Zai Lab Limited ADR has underperformed its competitors in share price, compared to the industry in which it operates. Zai Lab Limited ADR (ZLAB) shares have gone up 88.77% during the last six months, with a year-to-date growth rate less than the industry average at 15.14% against 17.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -9.90% this quarter and then jump 19.00% in the quarter after that. In the rating firms’ projections, revenue will increase 48.10% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 102.24M as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 107.2M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 69.23M and 65.83M respectively. In this case, analysts expect current quarter sales to grow by 47.70% and then jump by 62.80% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -16.93%. While earnings are projected to return 13.14% in 2024.
ZLAB Dividends
Zai Lab Limited ADR is due to release its next quarterly earnings on 2024-Nov-12. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Zai Lab Limited ADR (NASDAQ:ZLAB)’s Major holders
Zai Lab Limited ADR insiders own 2.18% of total outstanding shares while institutional holders control 50.52%, with the float percentage being 51.65%. WELLINGTON MANAGEMENT GROUP LLP is the largest shareholder of the company, while 159.0 institutions own stock in it. As of 2024-06-30, the company held over 7.12 million shares (or 7.3211% of all shares), a total value of $123.47 million in shares.
The next largest institutional holding, with 6.53 million shares, is of JANUS HENDERSON GROUP PLC’s that is approximately 6.7077% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $113.13 million.
