In last trading session, Rezolute Inc (NASDAQ:RZLT) saw 0.46 million shares changing hands with its beta currently measuring 0.89. Company’s recent per share price level of $3.60 trading at -$0.14 or -3.74% at ring of the bell on the day assigns it a market valuation of $217.93M. That closing price of RZLT’s stock is at a discount of -71.94% from its 52-week high price of $6.19 and is indicating a premium of 53.89% from its 52-week low price of $1.66. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.4 million shares which gives us an average trading volume of 448.82K 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.
Rezolute Inc (NASDAQ:RZLT) trade information
Upright in the red during last session for losing -3.74%, in the last five days RZLT remained trading in the red while hitting it’s week-highest on Friday, 03/14/25 when the stock touched $3.60 price level, adding 5.51% to its value on the day. Rezolute Inc’s shares saw a change of -26.53% in year-to-date performance and have moved -6.49% in past 5-day. Rezolute Inc (NASDAQ:RZLT) showed a performance of -25.93% in past 30-days. Number of shares sold short was 2.16 million shares which calculate 5.38 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 7.5 to the stock, which implies a rise of 52.0% to its current value. Analysts have been projecting 7.5 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 -108.33% in reaching the projected high whereas dropping to the targeted low would mean a loss of -108.33% for stock’s current value.
Rezolute Inc (RZLT) estimates and forecasts
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. In 2025, company’s earnings growth rate is likely to be around 28.95% while estimates for its earnings growth in next 5 years are of 11.62%.
Rezolute Inc (NASDAQ:RZLT)’s Major holders
Insiders are in possession of 13.48% of company’s total shares while institution are holding 81.95 percent of that, with stock having share float percentage of 94.71%. Investors also watch the number of corporate investors in a company very closely, which is 81.95% 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.
On the other hand, Federated Hermes Kaufmann Fund and Federated Hermes Kaufmann Small Cap Fund are the top two Mutual Funds which own company’s shares. As of Oct 31, 2024 , the former fund manager was holding 3.83 shares of worth $13.77 million or 45.44% of the total outstanding shares. The later fund manager was in possession of 3.81 shares on Oct 31, 2024 , making its stake of worth around $13.73 million in the company or a holder of 45.29% of company’s stock.
