Zai Lab Limited ADR [NASDAQ: ZLAB] jumped around 4.24 points on Thursday, while shares priced at $33.18 at the close of the session, up 14.65%.
Compared to the average trading volume of 680.52K shares, ZLAB reached a trading volume of 4227290 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about Zai Lab Limited ADR [ZLAB]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ZLAB shares is $50.19 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ZLAB stock is a recommendation set at 1.13. 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.
Morgan Stanley have made an estimate for Zai Lab Limited ADR shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on December 14, 2023. While these analysts kept the previous recommendation, Cantor Fitzgerald raised their target price to Overweight. The new note on the price target was released on August 10, 2023, representing the official price target for Zai Lab Limited ADR stock. Previously, the target price had yet another raise to $64, while Macquarie analysts kept a Outperform rating on ZLAB stock.
The Average True Range (ATR) for Zai Lab Limited ADR is set at 1.75, with the Price to Sales ratio for ZLAB stock in the period of the last 12 months amounting to 10.19. The Price to Book ratio for the last quarter was 4.62, with the Price to Cash per share for the same quarter was set at 7.37.
How has ZLAB stock performed recently?
Zai Lab Limited ADR [ZLAB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 25.87. With this latest performance, ZLAB shares gained by 63.13% in over the last four-week period, additionally plugging by 110.80% over the last 6 months – not to mention a rise of 32.83% 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 ZLAB stock in for the last two-week period is set at 83.03, with the RSI for the last a single of trading hit 88.51, and the three-weeks RSI is set at 79.04 for Zai Lab Limited ADR [ZLAB]. The present Moving Average for the last 50 days of trading for this stock 22.28, while it was recorded at 29.29 for the last single week of trading, and 19.60 for the last 200 days.
Zai Lab Limited ADR [ZLAB]: Deeper insight into the fundamentals
Zai Lab Limited ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.29 and a Current Ratio set at 3.46.
Earnings analysis for Zai Lab Limited ADR [ZLAB]
With the latest financial reports released by the company, Zai Lab Limited ADR posted -0.71/share EPS, while the average EPS was predicted by analysts to be reported at -1.04/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.33. 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 ZLAB.
Insider trade positions for Zai Lab Limited ADR [ZLAB]
There are presently around $51.03%, or 52.16%% of ZLAB stock, in the hands of institutional investors. The top three institutional holders of ZLAB stocks are: WELLINGTON MANAGEMENT GROUP LLP with ownership of 7.12 million shares, which is approximately 7.3211%. JANUS HENDERSON GROUP PLC, holding 6.53 million shares of the stock with an approximate value of $$113.13 million in ZLAB stocks shares; and JANUS HENDERSON GROUP PLC, currently with $$91.99 million in ZLAB stock with ownership which is approximately 5.4544%.
