In the last trading session, 1.29 million shares of the Rezolute Inc (NASDAQ:RZLT) were traded, and its beta was 0.16. Most recently the company’s share price was $4.97, and it changed around -$0.01 or -0.20% from the last close, which brings the market valuation of the company to $431.47M. RZLT currently trades at a discount to its 52-week high of $6.19, offering almost -24.55% off that amount. The share price’s 52-week low was $2.21, which indicates that the current value has risen by an impressive 55.53% since then. We note from Rezolute Inc’s average daily trading volume that its 10-day average is 2.12 million shares, with the 3-month average coming to 1.33 million.
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 (NASDAQ:RZLT) trade information
Instantly RZLT has showed a red trend with a performance of -0.20% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 5.06 on recent trading dayincreased the stock’s daily price by 1.78%. The company’s shares are currently up 19.18% year-to-date, but still up 11.43% over the last five days. On the other hand, Rezolute Inc (NASDAQ:RZLT) is 15.31% up in the 30-day period. We can see from the shorts that 5.14 million shares have been sold at a short interest cover period of 5.94 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 29.0% 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.
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 30.96% in 2025, but the outlook is positive 12.97% per year for the next five years.
RZLT Dividends
Rezolute Inc’s next quarterly earnings report is expected to be released on 2025-May-13.
Rezolute Inc (NASDAQ:RZLT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 9.65% of Rezolute Inc shares, and 52.01% of them are in the hands of institutional investors. The stock currently has a share float of 57.56%. Rezolute Inc stock is held by 96.0 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.
