During the last session, Rezolute Inc (NASDAQ:RZLT)’s traded shares were 0.37 million, with the beta value of the company hitting 1.03. At the end of the trading day, the stock’s price was $4.91, reflecting an intraday gain of 1.03% or $0.05. The 52-week high for the RZLT share is $6.19, that puts it down -26.07 from that peak though still a striking 85.34% gain since the share price plummeted to a 52-week low of $0.72. The company’s market capitalization is $284.50M, and the average intraday trading volume over the past 10 days was 0.42 million shares, and the average trade volume was 399.15K shares over the past three months.

Rezolute Inc (RZLT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. RZLT 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 -0.26.

Rezolute Inc (NASDAQ:RZLT) trade information

Rezolute Inc (RZLT) registered a 1.03% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.03% in intraday trading to $4.91, hitting a weekly high. The stock’s 5-day price performance is -7.18%, and it has moved by -11.37% in 30 days. Based on these gigs, the overall price performance for the year is 539.91%. The short interest in Rezolute Inc (NASDAQ:RZLT) is 1.15 million shares and it means that shorts have 3.16 day(s) to cover.

The consensus price target of analysts on Wall Street is $14, which implies an increase of 64.93% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $11 and $15 respectively. As a result, RZLT is trading at a discount of -205.5% off the target high and -124.03% off the low.

Rezolute Inc (RZLT) estimates and forecasts

Statistics show that Rezolute Inc has outperformed its competitors in share price, compared to the industry in which it operates. Rezolute Inc (RZLT) shares have gone up 37.92% during the last six months, with a year-to-date growth rate more than the industry average at 25.56% against 17.90. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 3.70% this quarter and then jump 20.17% in the quarter after that.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 40.87%. While earnings are projected to return 23.01% in 2024.

RZLT Dividends

Rezolute Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Rezolute Inc (NASDAQ:RZLT)’s Major holders

Rezolute Inc insiders own 13.74% of total outstanding shares while institutional holders control 64.24%, with the float percentage being 74.48%. FEDERATED HERMES, INC. is the largest shareholder of the company, while 57.0 institutions own stock in it. As of 2024-06-30, the company held over 11.28 million shares (or 22.1986% of all shares), a total value of $48.5 million in shares.

The next largest institutional holding, with 2.99 million shares, is of NANTAHALA CAPITAL MANAGEMENT, LLC’s that is approximately 5.8845% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $12.86 million.

Also, the Mutual Funds coming in first place with the largest holdings of Rezolute Inc (RZLT) shares are Federated Hermes Kaufmann Fund and Federated Hermes Kaufmann Small Cap Fund . Data provided on Jul 31, 2024 indicates that Federated Hermes Kaufmann Fund owns about 3.83 shares. This amounts to just over 45.44 percent of the company’s overall shares, with a $18.78 million market value. The same data shows that the other fund manager holds slightly less at 3.81, or about 45.29% of the stock, which is worth about $18.72 million.