In the last trading session, 1.7 million Rezolute Inc (NASDAQ:RZLT) shares changed hands as the company’s beta touched 0.90. With the company’s per share price at $3.37 changed hands at -$0.13 or -3.71% during last session, the market valuation stood at $204.00M. RZLT’s last price was a discount, traded about -83.68% off its 52-week high of $6.19. The share price had its 52-week low at $1.68, which suggests the last value was 50.15% up since then. When we look at Rezolute Inc’s average trading volume, we note the 10-day average is 0.58 million shares, with the 3-month average coming to 463.57K.
Analysts gave the Rezolute Inc (RZLT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. 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. Rezolute Inc’s EPS for the current quarter is expected to be -0.25.
Rezolute Inc (NASDAQ:RZLT) trade information
Instantly RZLT was in red as seen at the end of in last trading. With action -5.34%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -31.22%, with the 5-day performance at -5.34% in the red. However, in the 30-day time frame, Rezolute Inc (NASDAQ:RZLT) is -26.90% down. Looking at the short shares, we see there were 2.16 million shares sold at short interest cover period of 5.38 days.
The consensus price target for the stock as assigned by Wall Street analysts is 7.5, meaning bulls need an upside of 55.07% from its current market value. According to analyst projections, RZLT’s forecast low is 7.5 with 7.5 as the target high. To hit the forecast high, the stock’s price needs a -122.55% plunge from its current level, while the stock would need to soar -122.55% for it to hit the projected low.
According to analysts, the company will likely register a growth in its current quarter sales, forecast at 0.00%. The estimates for the next quarter sales put growth at 0.00%.
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 2025 estimates are for Rezolute Inc earnings to increase by 28.95%, but the outlook for the next 5-year period is at 11.62% per year.
RZLT Dividends
Rezolute Inc is expected to release its next quarterly earnings report on 2025-Feb-11.
Rezolute Inc (NASDAQ:RZLT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 13.48% of Rezolute Inc shares while 81.95% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 94.71%. There are 81.95% 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.
Among Mutual Funds, the top two as of Oct 31, 2024 were Federated Hermes Kaufmann Fund and Federated Hermes Kaufmann Small Cap Fund . With 3.83 shares estimated at $12.89 million under it, the former controlled 45.44% of total outstanding shares. On the other hand, Federated Hermes Kaufmann Small Cap Fund held about 45.29% of the shares, roughly 3.81 shares worth around $12.85 million.
