Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The closing price of Zai Lab Limited ADR (NASDAQ: ZLAB) was $30.99 for the day, up 0.06% from the previous closing price of $30.97. In other words, the price has increased by $0.06 from its previous closing price. On the day, 0.79 million shares were traded.
Ratios:
Our analysis of ZLAB’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.87 and its Current Ratio is at 3.01. In the meantime, Its Debt-to-Equity ratio is 0.19 whereas as Long-Term Debt/Eq ratio is at 0.01.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Morgan Stanley on December 14, 2023, initiated with a Overweight rating and assigned the stock a target price of $47.50.
On August 10, 2023, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $70.
On January 21, 2022, Macquarie started tracking the stock assigning a Outperform rating and target price of $64.Macquarie initiated its Outperform rating on January 21, 2022, with a $64 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jul 01 ’24 when Chen Kai-Xian sold 7,750 shares for $17.22 per share. The transaction valued at 133,455 led to the insider holds 60,778 shares of the business.
Amado Rafael sold 7,583 shares of ZLAB for $199,289 on Dec 31 ’24. The insider now owns 33,834 shares after completing the transaction at $26.28 per share. On Dec 31 ’24, another insider, Amado Rafael, who serves as the Officer of the company, bought 7,583 shares for $26.28 each.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 9.49 while its Price-to-Book (P/B) ratio in mrq is 4.57.
Stock Price History:
Over the past 52 weeks, ZLAB has reached a high of $36.60, while it has fallen to a 52-week low of $13.48. The 50-Day Moving Average of the stock is 15.35%, while the 200-Day Moving Average is calculated to be 34.39%.
Shares Statistics:
A total of 108.94M shares are outstanding, with a floating share count of 107.51M. Insiders hold about 1.31% of the company’s shares, while institutions hold 51.40% stake in the company.
