Zymeworks BC Inc (NASDAQ: ZYME) is 17.32% higher on its value in year-to-date trading and has touched a low of $6.01 and a high of $13.27 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ZYME stock was last observed hovering at around $12.39 in the last trading session, with the day’s loss setting it -0.2%.
Currently trading at $12.19, the stock is -1.41% and 7.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.55 million and changing -1.61% at the moment leaves the stock 18.45% off its SMA200. ZYME registered 97.25% gain for a year compared to 6-month gain of 26.19%. The firm has a 50-day simple moving average (SMA 50) of $11.4143 and a 200-day simple moving average (SMA200) of $10.30645.
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The stock witnessed a 5.18% loss in the last 1 month and extending the period to 3 months gives it a 37.27%, and is -2.25% 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 3.26% over the week and 3.50% over the month.
Zymeworks BC Inc (ZYME) has around 277 employees, a market worth around $873.05M and $62.71M in sales. Profit margin for the company is -179.42%. Distance from 52-week low is 102.66% and -8.14% from its 52-week high. The company has generated returns on investments over the last 12 months (-26.57%).
The EPS is expected to grow by 35.59% this year
227.0 institutions hold shares in Zymeworks BC Inc (ZYME), with institutional investors hold 98.67% of the company’s shares. The shares outstanding are 70.12M, and float is at 69.67M with Short Float at 5.31%. Institutions hold 98.59% of the Float.
Zymeworks BC Inc (ZYME) Insider Activity
The most recent transaction is an insider sale by Galbraith Kenneth, the company’s Chair & CEO. SEC filings show that Galbraith Kenneth sold 18,198 shares of the company’s common stock on Jan 05 ’24 at a price of $10.65 per share for a total of $0.19 million. Following the sale, the insider now owns 29468.0 shares.
Zymeworks BC Inc disclosed in a document filed with the SEC on Jan 08 ’24 that Galbraith Kenneth (Chair & CEO) sold a total of 5,706 shares of the company’s common stock. The trade occurred on Jan 08 ’24 and was made at $11.22 per share for $63996.0. Following the transaction, the insider now directly holds 23762.0 shares of the ZYME stock.
Still, SEC filings show that on Jan 05 ’24, Astle Christopher (SVP & Chief Financial Officer) disposed off 4,563 shares at an average price of $10.65 for $48606.0. The insider now directly holds 7,934 shares of Zymeworks BC Inc (ZYME).
