Zai Lab Limited ADR (NASDAQ: ZLAB) is -36.88% lower on its value in year-to-date trading and has touched a low of $16.91 and a high of $40.42 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ZLAB stock was last observed hovering at around $17.21 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $17.25, the stock is -12.63% and -18.21% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.83 million and changing 0.23% at the moment leaves the stock -31.80% off its SMA200. ZLAB registered -46.92% loss for a year compared to 6-month loss of -32.06%. The firm has a 50-day simple moving average (SMA 50) of $3.41 and a 200-day simple moving average (SMA200) of -$2.49.
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The stock witnessed a -13.36% gain in the last 1 month and extending the period to 3 months gives it a -43.59%, and is -11.76% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.42% over the week and 5.54% over the month.
Zai Lab Limited ADR (ZLAB) has around 2175 employees, a market worth around $1.70B and $266.72M in sales. Profit margin for the company is -125.46%. Distance from 52-week low is 2.01% and -57.32% from its 52-week high. The company has generated returns on investments over the last 12 months (-41.61%).
Zai Lab Limited ADR quarterly earnings per share for the current quarter are estimated at -$0.9 with sales reaching $74.19M over the same period.The EPS is expected to grow by 8.25% this year, but quarterly earnings will post 43.10% year-over-year. Quarterly sales are estimated to grow 14.20% in year-over-year returns.
206 institutions hold shares in Zai Lab Limited ADR (ZLAB), with institutional investors hold 45.49% of the company’s shares. The shares outstanding are 98.72M, and float is at 98.31M with Short Float at 4.13%. Institutions hold 44.66% of the Float.
The top institutional shareholder in the company is Capital World Investors with over 5.22 million shares valued at $144.85 million. The investor’s holdings represent 5.28% of the ZLAB Shares outstanding. As of Jun 29, 2023, the second largest holder is Janus Henderson Group PLC with 3.69 million shares valued at $102.23 million to account for 3.73% of the shares outstanding. The other top investors are Invesco Ltd. which holds 3.61 million shares representing 3.65% and valued at over $100.17 million, while Price (T.Rowe) Associates Inc holds 2.66% of the shares totaling 2.63 million with a market value of $72.79 million.
Zai Lab Limited ADR (ZLAB) Insider Activity
The most recent transaction is an insider sale by Edmondson Frazor Titus III, the company’s Chief Legal Officer. SEC filings show that Edmondson Frazor Titus III sold 10,000 shares of the company’s common stock on Mar 15 ’24 at a price of $18.71 per share for a total of $0.19 million. Following the sale, the insider now owns 20005.0 shares.
Zai Lab Limited ADR disclosed in a document filed with the SEC on Mar 15 ’24 that Amado Rafael () sold a total of 2,544 shares of the company’s common stock. The trade occurred on Mar 15 ’24 and was made at $18.86 per share for $47980.0. Following the transaction, the insider now directly holds 20093.0 shares of the ZLAB stock.
Still, SEC filings show that on Mar 01 ’24, Smiley Joshua L () acquired 3,000 shares at an average price of $20.83 for $62490.0. The insider now directly holds 23,527 shares of Zai Lab Limited ADR (ZLAB).
