Boom Or Bust: Where Is Zai Lab Limited ADR (NASDAQ: ZLAB) Stock Headed Next?

Zai Lab Limited ADR (NASDAQ:ZLAB)’s traded shares stood at 0.9 million during the latest session, with the company’s beta value hitting 0.97. At the last check today, the stock’s price was $43.47, to imply an increase of 5.00% or $2.07 in intraday trading. The ZLAB share’s 52-week high remains $41.44, putting it 4.67% up since that peak but still an impressive 63.17% since price per share fell to its 52-week low of $16.01.

Analysts have given a consensus recommendation of Buy for Zai Lab Limited ADR (ZLAB), translating to a mean rating of 1.31. Of 2 analyst(s) looking at the stock, 0 analyst(s) give ZLAB a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy.

Zai Lab Limited ADR (NASDAQ:ZLAB) trade information

After registering a 5.00% upside in the latest session, Zai Lab Limited ADR (ZLAB) has traded red over the past five days. The 5-day price performance for the stock is 18.97%, and 51.89% over 30 days. With these gigs, the year-to-date price performance is 65.98%.

The extremes give us $55 and $55 for target low and target high price respectively. As such, ZLAB has been trading -26.52% off suggested target high and -26.52% from its likely low.

ZLAB Dividends

Zai Lab Limited ADR has its next earnings report out in July. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

The next major institution holding the largest number of shares is JANUS HENDERSON GROUP PLC with 6.53 million shares, or about 0.6689% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $113.13 million.

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