Kezar Life Sciences Inc [NASDAQ: KZR] loss -4.39% on the last trading session, reaching $0.74 price per share at the time.
If compared to the average trading volume of 692.53K shares, KZR reached a trading volume of 4127308 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about Kezar Life Sciences Inc [KZR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for KZR shares is $2.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on KZR stock is a recommendation set at 2.33. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wells Fargo have made an estimate for Kezar Life Sciences Inc shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on August 11, 2023. The new note on the price target was released on March 16, 2023, representing the official price target for Kezar Life Sciences Inc stock. Previously, the target price had yet another raise to $19, while Wells Fargo analysts kept a Overweight rating on KZR stock.
The Average True Range (ATR) for Kezar Life Sciences Inc is set at 0.06, with the Price to Sales ratio for KZR stock in the period of the last 12 months amounting to 7.71. The Price to Book ratio for the last quarter was 0.36, with the Price to Cash per share for the same quarter was set at 2.25.
Trading performance analysis for KZR stock
Kezar Life Sciences Inc [KZR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.42. With this latest performance, KZR shares gained by 30.44% in over the last four-week period, additionally sinking by -10.69% over the last 6 months – not to mention a drop of -22.59% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for KZR stock in for the last two-week period is set at 61.24, with the RSI for the last a single of trading hit 60.37, and the three-weeks RSI is set at 60.01 for Kezar Life Sciences Inc [KZR]. The present Moving Average for the last 50 days of trading for this stock 0.6186, while it was recorded at 0.7934 for the last single week of trading, and 0.7612 for the last 200 days.
Kezar Life Sciences Inc [KZR]: A deeper dive into fundamental analysis
Kezar Life Sciences Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 9.58 and a Current Ratio set at 9.58.
Kezar Life Sciences Inc [KZR]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Kezar Life Sciences Inc posted -0.32/share EPS, while the average EPS was predicted by analysts to be reported at -0.35/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.03. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for KZR.
An analysis of Institutional ownership at Kezar Life Sciences Inc [KZR]
There are presently around $54.08%, or 63.47%% of KZR stock, in the hands of institutional investors. The top three institutional holders of KZR stocks are: SUVRETTA CAPITAL MANAGEMENT, LLC with ownership of 7.17 million shares, which is approximately 9.8456%. AVIDITY PARTNERS MANAGEMENT LP, holding 5.03 million shares of the stock with an approximate value of $$3.02 million in KZR stocks shares; and AVIDITY PARTNERS MANAGEMENT LP, currently with $$1.64 million in KZR stock with ownership which is approximately 3.7653%.
