Zai Lab Limited ADR (NASDAQ: ZLAB) is -4.24% lower on its value in year-to-date trading and has touched a low of $13.48 and a high of $31.22 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 $24.79 in the last trading session, with the day’s gains setting it 1.38%.
Currently trading at $26.17, the stock is 9.14% and 25.79% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.68 million and changing 5.57% at the moment leaves the stock 34.01% off its SMA200. ZLAB registered 4.55% gain for a year compared to 6-month gain of 90.74%. The firm has a 50-day simple moving average (SMA 50) of $20.6428 and a 200-day simple moving average (SMA200) of $19.533976.
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The stock witnessed a 26.00% loss in the last 1 month and extending the period to 3 months gives it a 39.20%, and is 6.21% up 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 4.45% over the week and 5.34% over the month.
Zai Lab Limited ADR (ZLAB) has around 2175 employees, a market worth around $2.59B and $322.71M in sales. Profit margin for the company is -92.44%. Distance from 52-week low is 94.14% and -16.18% from its 52-week high. The company has generated returns on investments over the last 12 months (-42.02%).
The EPS is expected to grow by 13.61% this year
160.0 institutions hold shares in Zai Lab Limited ADR (ZLAB), with institutional investors hold 45.35% of the company’s shares. The shares outstanding are 99.12M, and float is at 98.53M with Short Float at 4.93%. Institutions hold 44.36% of the Float.
The top institutional shareholder in the company is WELLINGTON MANAGEMENT GROUP LLP with over 7.12 million shares valued at $123.47 million. The investor’s holdings represent 7.3211 of the ZLAB Shares outstanding. As of 2024-06-30, the second largest holder is JANUS HENDERSON GROUP PLC with 6.53 million shares valued at $113.13 million to account for 6.7077 of the shares outstanding. The other top investors are CAPITAL WORLD INVESTORS which holds 5.31 million shares representing 5.4544 and valued at over $91.99 million, while WOODLINE PARTNERS LP holds 2.3971 of the shares totaling 2.33 million with a market value of $40.43 million.
Zai Lab Limited ADR (ZLAB) Insider Activity
The most recent transaction is an insider sale by Chen Yajing, the company’s Chief Financial Officer. SEC filings show that Chen Yajing sold 301 shares of the company’s common stock on Oct 02 ’24 at a price of $25.40 per share for a total of $7645.0. Following the sale, the insider now owns 15161.0 shares.
Still, SEC filings show that on Sep 26 ’24, Reinhart Harald (Former Officer) Proposed Sale 60,000 shares at an average price of $22.00 for $1.32 million. The insider now directly holds shares of Zai Lab Limited ADR (ZLAB).
