In the last trading session, 1.11 million shares of the Rezolute Inc (NASDAQ:RZLT) were traded, and its beta was 0.91. Most recently the company’s share price was $2.89, and it changed around -$0.14 or -4.62% from the last close, which brings the market valuation of the company to $174.95M. RZLT currently trades at a discount to its 52-week high of $6.19, offering almost -114.19% off that amount. The share price’s 52-week low was $1.88, which indicates that the current value has risen by an impressive 34.95% since then. We note from Rezolute Inc’s average daily trading volume that its 10-day average is 0.76 million shares, with the 3-month average coming to 513.15K.
Rezolute Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 10 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 0 recommended RZLT as a Hold, whereas 7 deemed it a Buy, and 0 rated it as Underweight. Rezolute Inc is expected to report earnings per share of -0.24 for the current quarter.
Rezolute Inc (NASDAQ:RZLT) trade information
Instantly RZLT has showed a red trend with a performance of -4.62% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 3.53 on recent trading dayincreased the stock’s daily price by 18.13%. The company’s shares are currently down -41.02% year-to-date, but still down -14.24% over the last five days. On the other hand, Rezolute Inc (NASDAQ:RZLT) is -33.26% down in the 30-day period. We can see from the shorts that 2.16 million shares have been sold at a short interest cover period of 5.38 day(s).
The consensus price target as assigned by Wall Street analysts is $7, which translates to bulls needing to increase their stock price by 58.71% from its current value. Analyst projections state that RZLT is forecast to be at a low of $5.5 and a high of $7.5.
Forecasts for the next quarter put sales growth at 0.00%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 40.87%. Rezolute Inc earnings are expected to increase by 28.95% in 2025, but the outlook is positive 11.62% per year for the next five years.
RZLT Dividends
Rezolute Inc’s next quarterly earnings report is expected to be released on 2025-Feb-11.
Rezolute Inc (NASDAQ:RZLT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 13.48% of Rezolute Inc shares, and 81.95% of them are in the hands of institutional investors. The stock currently has a share float of 94.71%. Rezolute Inc stock is held by 87.0 institutions, with FEDERATED HERMES, INC. being the largest institutional investor. By 2024-06-30, it held 22.1986% of the shares, which is about 11.28 million shares worth $48.5 million.
NANTAHALA CAPITAL MANAGEMENT, LLC, with 5.8845% or 2.99 million shares worth $12.86 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Federated Hermes Kaufmann Fund and Federated Hermes Kaufmann Small Cap Fund were the top two Mutual Funds as of Oct 31, 2024 . The former held 3.83 shares worth $11.05 million, making up 45.44% of all outstanding shares. On the other hand, Federated Hermes Kaufmann Small Cap Fund held roughly 3.81 shares worth around $11.02 million, which represents about 45.29% of the total shares outstanding.
