In last trading session, Rezolute Inc (NASDAQ:RZLT) saw 0.36 million shares changing hands with its beta currently measuring 1.12. Company’s recent per share price level of $4.39 trading at $0.16 or 3.78% at ring of the bell on the day assigns it a market valuation of $254.37M. That closing price of RZLT’s stock is at a discount of -41.0% from its 52-week high price of $6.19 and is indicating a premium of 80.41% from its 52-week low price of $0.86. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.42 million shares which gives us an average trading volume of 403.94K if we extend that period to 3-months.
For Rezolute Inc (RZLT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. 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 -0.26 in the current quarter.
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Rezolute Inc (NASDAQ:RZLT) trade information
Upright in the green during last session for gaining 3.78%, in the last five days RZLT remained trading in the red while hitting it’s week-highest on Monday, 12/16/24 when the stock touched $4.39 price level, adding 6.99% to its value on the day. Rezolute Inc’s shares saw a change of 342.32% in year-to-date performance and have moved -4.36% in past 5-day. Rezolute Inc (NASDAQ:RZLT) showed a performance of -12.38% in past 30-days. Number of shares sold short was 1.15 million shares which calculate 3.16 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 7 to the stock, which implies a rise of 37.29% to its current value. Analysts have been projecting 5.5 as a low price target for the stock while placing it at a high target of 7.5. It follows that stock’s current price would drop -25.28% in reaching the projected high whereas dropping to the targeted low would mean a loss of -25.28% for stock’s current value.
Rezolute Inc (RZLT) estimates and forecasts
Statistics highlight that Rezolute Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 3.05% of value to its shares in past 6 months, showing an annual growth rate of 25.56% while that of industry is 17.40. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
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 40.87% during past 5 years.
Rezolute Inc (NASDAQ:RZLT)’s Major holders
Insiders are in possession of 13.74% of company’s total shares while institution are holding 64.24 percent of that, with stock having share float percentage of 74.48%. Investors also watch the number of corporate investors in a company very closely, which is 64.24% institutions for Rezolute Inc that are currently holding shares of the company. FEDERATED HERMES, INC. is the top institutional holder at RZLT for having 11.28 million shares of worth $48.5 million. And as of 2024-06-30, it was holding 22.1986 of the company’s outstanding shares.
The second largest institutional holder is NANTAHALA CAPITAL MANAGEMENT, LLC, which was holding about 2.99 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.8845 of outstanding shares, having a total worth of $12.86 million.
