In last trading session, Rezolute Inc (NASDAQ:RZLT) saw 0.66 million shares changing hands with its beta currently measuring 0.17. Company’s recent per share price level of $5.39 trading at -$0.15 or -2.71% at ring of the bell on the day assigns it a market valuation of $468.91M. That closing price of RZLT’s stock is at a discount of -14.84% from its 52-week high price of $6.19 and is indicating a premium of 59.0% from its 52-week low price of $2.21. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.16 million shares which gives us an average trading volume of 1.36 million 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
Rezolute Inc’s shares saw a change of 12.76% in year-to-date performance and have moved 2.47% in past 5-day. Rezolute Inc (NASDAQ:RZLT) showed a performance of 30.51% in past 30-days. Number of shares sold short was 5.14 million shares which calculate 5.94 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 7 to the stock, which implies a rise of 23.0% to its current value. Analysts have been projecting 5.5 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 -2.04% in reaching the projected high whereas dropping to the targeted low would mean a loss of -2.04% 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 30.60% while estimates for its earnings growth in next 5 years are of 12.97%.
Rezolute Inc (NASDAQ:RZLT)’s Major holders
Insiders are in possession of 9.65% of company’s total shares while institution are holding 52.01 percent of that, with stock having share float percentage of 57.56%. Investors also watch the number of corporate investors in a company very closely, which is 52.01% 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.
